Bitcoin Forum

The Australian Lotteries ( THE LOTT (https://www.thelott.com/powerball/play?jid=weekly-offers-powerball) ) Powerball draw on the 27^th of October 2022 is a cool AUD $160,000,000 which is the equivalent of USD $ 101,750,000 - roughly equivalent to 5,316 bitcoins at today's going rate.

---

---

Breaking it down, I'd buy 500 bitcoins, or 400 Bitcoins and a spread of other crypto totalling 100 bitcoins. (about 10% / $USD $10M of my winnings on Powerball).

It's almost too difficult to say what I'd spend the rest on.  Once you've bought a house, a car, an overseas trip, another house, another car then another round the world trip.  Then, the portfolio of real estate, shares etc.  At a guess you'd need to put $USD $10M cash into a 12 month term deposit and live off of the yearly interest.  But then what else do you spend the money on - beer and hookers?

Or do you?

Would you take the USD $100M and gamble it on one roll of the dice?

How would you spend $USD $100M - Some, all or none on gambling?

I asked one of my University tutors a few years ago if I could live for the rest of my life, doing nothing, with about $100 million dollars. He said it depends how quickly I would burn through the money. He was right to say so – because even a gambler as myself would be careful about cleansing that amount of cash without some sort of plan.

All things considered, I think I would probably spend a good chunk of money immediately, invest about half of it in a set of businesses or ventures, and keep the remaining in cash reserves. Granted, this is just my rough estimate and there are many exceptions; perhaps I might spend much less on life's little pleasures and more on the important things like a family, medical care, and retirement savings.

Of course I have never had any such luck in my entire life so far that I have difficulties finding what to do with that money if I was the winner.For sure I would play like 10 million in gambling satisfying my ego and go to Las Vegas,Maccau and every where in the world where gambling has a capital city.

After that I would use most of the money in real estate because as they say real estate only goes up in value and the author of the book "Rich dad,poor dad" emphasizes a lot how important that is.I prefer to have a recurring huge payment by giving these properties in rent,I like to live as easy as possible because I am "suffering" right now going to work 9-5 and not being happy about it.