Title: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: bitcoinprophetmohammad on August 23, 2024, 10:55:45 PM Will owning 1 btc make generational wealth?
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: franky1 on August 23, 2024, 11:06:24 PM if you had a kid today and sold your 1BTC($64k) and put the fiat into stocks/shares at a 8% interest
by the time your child was 20yo the investment would cumulate to $276k which you can then pay them $22k a year and keep the $276k capital however holding bitcoin as bitcoin for 20 years could yield ALOT more.. suggestions say the speculative window that the market can trade upto in the next market cycle could be more then $276k in just a year+ Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: goldkingcoiner on August 23, 2024, 11:07:05 PM Will owning 1 btc make generational wealth? If Bitcoin goes up, as it is supposed to, then yes it will. Reminder: Bitcoin is deflationary money. Only 21 million coins will ever be created; This means the more demand there is for BTC, the more Bitcoin will be distributed in the world. And greater demand will drive the price up for each tiny piece of that distribution. And demand for Bitcoin has been growing steadily over the years. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Ever-young on August 23, 2024, 11:16:55 PM How you hold and handle that one bitcoin will determine how much it will generate for your next generation. If you can hold it for that long till the price passes this face till your next generation takes over, which I'm sure will be more than a decay, the price by then will definitely be something worth keeping a small family generation going. How they manage it will then determine how long it will serve.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Myleschetty on August 23, 2024, 11:38:55 PM Will owning 1 btc make generational wealth? I believe that 1BTC could be enough to make generational wealth, but it may not be sufficient based on your geographical location.If you're from the US it is not enough till the whole 21 million coins are in mined but if you're from Asia, and Africa. Yes, it could be enough for generational wealth. Despite all this point of view, the dream of every Bitcoin investor is to have a whole BTC that 1BTC among the total 21 million BTC. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Davidvictorson on August 23, 2024, 11:53:36 PM Yes, it is all based on speculation that bitcoin will go up. And no one can tell you really whether it will or will not. From observation all the folks who have make a lot of money from bitcoin holding for years did it out of very strong and determined personal conviction. One guy on reddit put his owe savings in bitcoin 11 years ago out of personal conviction. Do your homework and follow your personal conviction on creating generational wealth via bitcoin. I am yet to see anyone who had personal regrets in going all in in bitcoin. Some basic questions to ask yourself, what was the price of bitcoin 5 years ago and what are the predictions of bitcoin in 5 years? What are companies and government outlook on bitcoin? These questions and more will help you.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: PX-Z on August 23, 2024, 11:54:39 PM Will owning 1 btc make generational wealth? Yes it will, in 20-30 years later bitcoin will probably double or might even more times this $60k current price. So your future kids will gain and receive more than the current bitcoin price.The question is, if you still hold the recovery seed on such very long period of time without lossing them or etc. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Adbitco on August 23, 2024, 11:58:20 PM Will owning 1 btc make generational wealth? When talking about generational wealth is not about 1 bitcoin so to me one bitcoin can't make a general wealth coupled with the price currently. To me generation wealth is a wealth that can not be exhausted by your children, or your children children upto the 4 to 5th generation are the kind of wealth i assumed to be called a generation wealth. But however, one needs at least 100 to 10k bitcoin to say they have a generational wealth if carefully and properly being used. What creates a generational wealth is a running real estate, shares in a company as well having some thousands of bitcoin. But say one bitcoin, except you won't temper the investment for the rest of your life. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Fivestar4everMVP on August 24, 2024, 12:12:31 AM Will owning 1 btc make generational wealth? Honestly, it is possible, very very possible, but This is in general term or level though. If we are to bring it down to individual levels, I would say that this completely depends on what or an amount an individual considers as a generational wealth, like for example, some may consider nothing less than a million dollars as a generational wealth, while for some people, even the current price that 1 btc is at currently is already a generational wealth if only they can have it.For me in particular, any amount above a hundred thousand dollars is a generational wealth, this is very achieveable for 1 btc, so if somehow, I can get up to 1 btc and hold it until it's worth that amount, I consider myself generationally wealthy though I may even hold it for much longer. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: BitcoinBarrel on August 24, 2024, 12:26:33 AM Owning and holding any type of limited asset that appreciates in value will create generational wealth.
It doesn't matter what it is... cars, antiques, art, stocks, crypto, land, property. Just buy and hold! Most importantly, be patient and wait for good deals. Only sell at a profit. That's how you create wealth. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Ale88 on August 24, 2024, 01:11:57 AM Will owning 1 btc make generational wealth? Technically everything you leave to your kids is considered "generational wealth" but I guess you are referring more to huge amounts of money. In that case, I don't think so, at least not during our lifetime, maybe it could be for our nephews. Let's consider a couple of things for your scenario: the value that 1 BTC should reach in order to make generational wealth, and from there we should think about the total BTC's market cap which would be pretty insane.Last thing, let's not forget inflation because maybe some day we'll have 1 BTC = $1 million but at the same time an average car could cost $100k... Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: SatoPrincess on August 24, 2024, 02:45:09 AM 1btc is currently trading at $63,860 if you hodl your bitcoins for long term it will yield more gains. Bitcoin can create generational wealth but if your kids are not smart they will lose it. Imho generational wealth goes beyond having assets you can leave behind, for a family to sustain their wealth in the future the parents have to teach the children fundamentals about money and personal finances as part of the family values. So whether it is real estate, bitcoin, or stocks, maintaining generational wealth will depend heavily on the financial education of your heirs.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: yhiaali3 on August 24, 2024, 02:55:14 AM Yes, owning 1 Bitcoin can create wealth for future generations in my opinion according to the fact that Bitcoin is a deflationary currency and its price increases over time and Fiat is an inflated currency and its value decreases over time.
So whether you keep 1 Bitcoin for 10-20 years or sell it and buy shares and get annual returns, it is very likely that you will be able to get wealth after one or two generations. Also, given the huge inflation in some countries - including my country - it can be said that 1 Bitcoin is considered wealth now and not after generations. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: SilverCryptoBullet on August 24, 2024, 03:50:48 AM Will owning 1 btc make generational wealth? Owning it is not enough, it need a big condition: holding it for a long time enough to get high ROI and build up wealth with Bitcoin. If history repeats its rhythm, Bitcoin will give the youth good ROIs if they can own and hold bitcoins.Bitcoin & Traditional Assets ROI (vs USD) https://casebitcoin.com/
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Wexnident on August 24, 2024, 04:25:28 AM Will owning 1 btc make generational wealth? If we assume that Bitcoin price continues to grow, then yes, it definitely can. It also depends on the when though since there's a difference in buying it at $10k and seeing it grow to $1M compared to buying it at $900k and seeing it grow to $1M. Pretty obvious though since it's always early investors that profit by a h uge amount compared to late ones. I'd still buy Bitcoin even if it doesn't make that much though. It's at the very least going to let you profit anyway, big win already imo. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Apocollapse on August 24, 2024, 04:49:41 AM Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries.
I think for third world countries, you need to have $1 Million or 15.6 BTC, for second world countries you need to have $5 Million or 78 BTC, for first world countries you need to have $10 Million or 156 BTC in order to achieve financial freedom. if you had a kid today and sold your 1BTC($64k) and put the fiat into stocks/shares at a 8% interest Isn't that simple.by the time your child was 20yo the investment would cumulate to $276k which you can then pay them $22k a year and keep the $276k capital You need to pay from $22K a year capital gains, which is 11% for short term capital gains tax (https://thecollegeinvestor.com/23577/capital-gains-tax-brackets/). So you only have $19.5K, we shouldn't forget with the inflation rate too, $276K capital today isn't same to $276K capital in the last 20 years. On paper your investment grow 4x times, but in purchasing power your investment only grow 1.5x times. $19.5K a year in US is small, imagine you've invest for 20 years, but you still not able to live from your investment. https://imgvb.com/images/2024/08/24/77d3e1729028514f32a575ca770da5a8.png https://ofdollarsanddata.com/sp500-calculator/ Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Poker Player on August 24, 2024, 05:17:47 AM Owning and holding any type of limited asset that appreciates in value will create generational wealth. It doesn't matter what it is... Owning it is not enough, it need a big condition: holding it for a long time enough to get high ROI and build up wealth with Bitcoin. If history repeats its rhythm, Bitcoin will give the youth good ROIs if they can own and hold bitcoins. That's the thing, for it to be generational what you have to do is not spend it and be able to pass it on to your descendants. Normally that is easier to do with large amounts of capital, and for the specific case of Bitcoin it would be to buy at least one now, or have it before and be able to hold it to pass it on to your descendants when you die. Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries. I think for third world countries, you need to have $1 Million or 15.6 BTC, for second world countries you need to have $5 Million or 78 BTC, for first world countries you need to have $10 Million or 156 BTC in order to achieve financial freedom. But what is important here is not the price now, but the value it may have in the future, net of inflation, of course. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: mindrust on August 24, 2024, 05:19:12 AM Possible but that doesn’t mean you should sell everything you got just to buy 1 btc and wait. You still need some cash generating assets like stocks and real estate. Otherwise you’ll have to sell your bitcoins to generate cash in order to pay your rent. Bitcoin is still volatile too and that means you may have to sell your coins when the price is very low if you go all in on btc. If you don’t have a job with a good salary, you should probably fix that problem first.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: kryptqnick on August 24, 2024, 05:34:34 AM Of course, nobody knows for sure. It's possible that Bitcoin will continue growing over time, just not at a pace of the first decade of its existence. I do believe that Bitcoin can reach $500k, even $1 million within our lifetimes. That kind of money is very significant in many parts of the world, but it's not impossible to spend. So whether it becomes generational wealth depends on one's spending habits.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: lovesmayfamilis on August 24, 2024, 06:34:39 AM OP, if we rely on your first topics on the forum, then you don't need our advice at all. You have your strategy that cannot be persuaded. But I am somewhere in the middle. I cannot boast about such prices as you predict shortly, but I completely agree that it makes sense to hold as many bitcoins as possible and buy them when possible.
The fact that you still need more opinions since the same question appears to you again will be a good analysis for your decisions in the future. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: re-start on August 24, 2024, 07:47:54 AM I believe you have already started creating wealth. For many people, buying 1 Bitcoin is impossible due to the economic conditions in some countries being too weak. However, if you hold your 1 Bitcoin for 10-20 years and potentially increase it to 2 Bitcoins, you can definitely create wealth for your next generation.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: shield132 on August 24, 2024, 09:02:16 AM Will owning 1 btc make generational wealth? First of all, we should define generational wealth because overall, generational wealth means wealth passed from one generation to another but on the other hand, when people talk about generational wealth, they mean the wealth that will be enough for the next generations to live a happy and financially stable life with their inheritance.Since I already defined generational wealth, I'd say that it's impossible to make generational wealth by just owning 1 Bitcoin. 100K or 200K USD is not generational wealth, generational wealth is millions and billions of dollars. One Bitcoin can't become a couple of millions of dollars. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: pawanjain on August 24, 2024, 09:34:09 AM Will owning 1 btc make generational wealth? The more amount of bitcoin you have and the longer you hold, you'll be tempted more to sell. You would need a strong dedicated ming to hold bitcoins for a long term. Owning 1 BTC now would yield your around $64k and it can be a great option to build generation wealth assuming it rises the same way it has been rising till now. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 24, 2024, 09:37:22 AM The market for Bitcoin is already saturated, everyone in the world have heard about it and those who wanted invested in it.
Due to this I wouldn't expect fast grows from now on and for that reason 1 BTC will never be enough to be wealthy, maybe if you live in third-world country... Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: wahyuagung26 on August 24, 2024, 09:37:49 AM Will owning 1 btc make generational wealth? We think this is a dependency that you have to face and the next generation depends on how you manage Bitcoin. 1 Bitcoin is indeed a fairly large number among today's circles but this is back in the speculation of Bitcoin rising to a higher number. Buying and continuing to store Bitcoin will speculate and no one will know about the rise and fall in the Bitcoin market in detail.Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: passwordnow on August 24, 2024, 09:56:38 AM Will owning 1 btc make generational wealth? Yes. If you are considering bitcoin as another asset then of course, it can also be a generational wealth. It's not only the traditional assets that can become a generational wealth, coming from real estate, bonds, stocks, etc. and so as Bitcoin. Many of us treating it as a retirement fund and it's not new if someone treats it as a generational wealth or an inheritance. We're already on that point and despite that bitcoin is still quite young to this world, we've witnessed how it is well as an asset and how it had revolutionized the way of investing.1 BTC today is $64k and just as the other assets that our parents have held for long. We're the first one to witness how much and how valuable it is going to be after several years until we get old. I guess that even we're already that old, we'll remain optimistic about it but it's such an honor to have this on this generation and our era because the transition of today's generation from the store of value is amazing and made everyone of us interested on it. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: TheUltraElite on August 24, 2024, 09:57:49 AM Will owning 1 btc make generational wealth? Why the round figure of 1BTC? Any amount of BTC obtained at a price can be a wealth source like gold stored over generations. This price will rise in future being deflationary, its demand will increase and thus it is a good store of value. Hence we should try to accumulate more bitcoin as time passes at every dip we should get a chunk of BTC into our wallets.Since we have only started off with BTC, 10years being a small period of time when talking about generational wealth, we are not in a position to claim this, but it might be so eventually. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Adiepretty on August 24, 2024, 12:19:04 PM Will owning 1 btc make generational wealth? I believe cryptocurrency is the currency of the future. I'm sure that maybe 20 years from now cryptocurrency will be accepted in all countries if not, mostly all. The world is evolving day by day and as we can see from all the generations, there are always improvement happening. Bitcoin, altcoins, and any crypto is a thing that could contribute to that improvement. So my answer to your question is yes. Although generational wealth is a different topic and there are a lot of factors that could stop a generation wealth depending on each generation. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Marvell1 on August 24, 2024, 12:41:34 PM The market for Bitcoin is already saturated, everyone in the world have heard about it and those who wanted invested in it. Due to this I wouldn't expect fast grows from now on and for that reason 1 BTC will never be enough to be wealthy, maybe if you live in third-world country... Even if bitcoin price reaches $100,000, owning 1BTC and thinking we can live a rich life with everything is just an illusion. If we want to have the life of a rich person, in addition to earning a lot of money, we need to maintain or increase our assets, then that will ensure we have the life of a truly rich person. To do that, we need to put in more effort and work, not just rely on bitcoin. But I don't think the bitcoin or crypto market is saturated, I even believe this is just the beginning and the demand for bitcoin is still very small. Look at the capitalization of bitcoin and the entire crypto industry, it is even smaller than the capitalization of a US tech company. Or Bitcoin's market capitalization is equal to US defense spending in just 1 year. So how can it be said to be saturated? Gold market with 16 trillion market cap, US stocks with 50 trillion market cap and bitcoin only 1 trillion. Which market do you think is saturated? Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Richbased on August 24, 2024, 12:51:09 PM Even if bitcoin price reaches $100,000, owning 1BTC and thinking we can live a rich life with everything is just an illusion. Very big illusion indeed, why would someone own 1 Bitcoin and feels they have own a generational wealth it's a very wrong belief except for someone who keeps making accumulations even after owning 1 BTC, perhaps they can still own some real life investments that will back up the investment they own in Bitcoin. Generational wealth it's something that is passed from one generation to another so it's not a joke. Even those who are wealthy with real life assets and Fiats also works to acquire more money then how much more of someone who is investing in Bitcoin, isn't it to keep accumulating even after owning 1 BTC? Sure it is Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Roseline492 on August 24, 2024, 01:04:04 PM Will owning 1 btc make generational wealth? Actually the answer to that question is possible and also impossible, however the reason why is possible is that with a proper use of that amount you would be surprised with what you are going to achieve in the future, just like they say that they use money to get more money, so there are so many ways to make good use of that money if you are a business oriented person you can pull out some certain amount of the Bitcoin to invest on other physical businesses that you no you are capable of handling very well while you leave the remaining funds on Bitcoin, then the profit you will be getting from the business you will start expanding more, however the reason why it also not possible to use 1 Bitcoin to have a Generational wealth is because of poor management and not just only 1 Bitcoin even if you are giving a whole lot of Bitcoin you may not become wealthy if not handled well, so the idea of using 1 Bitcoin to secure future generation is totally depends on the person in question. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: P3Key on August 24, 2024, 01:17:41 PM I think that it's all depend of where do you live, every country has different cost of living and property price. How long you will hold the Bitcoin will also determine whether it will make generational wealth or not, and there is big chance that you will be not around anymore when that come true or probably the one who will get the benefit is your grand kid.
As a Bitcoin believer, I think yes, owning 1BTC will make generational wealth and the reason for it is because of its scarcity, probabvly it will come true when the last halving already happened or until last block is mined and cannot be mined anymore. It will take years from now. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: CheapYoutubeHits on August 24, 2024, 01:19:07 PM Time will tell to be honest,
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 24, 2024, 01:19:32 PM But I don't think the bitcoin or crypto market is saturated, I even believe this is just the beginning and the demand for bitcoin is still very small. Look at the capitalization of bitcoin and the entire crypto industry, it is even smaller than the capitalization of a US tech company. Or Bitcoin's market capitalization is equal to US defense spending in just 1 year. So how can it be said to be saturated? Gold market with 16 trillion market cap, US stocks with 50 trillion market cap and bitcoin only 1 trillion. Which market do you think is saturated? Comparing Bitcoin to companies that actually produce goods ? There are less people today interested in buying Bitcoin than 10 years ago, you think the situation will get better after another 10 years ? If so, why ? scarcity alone is not enough, competition is hitting strong in the cryptocurrency space. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Stepstowealth on August 24, 2024, 01:54:32 PM Will owning 1 btc make generational wealth? The value of BTC right now is just less than 2 million more than 100million in my local currency, and although that is huge amount to own, it has not be enough for some people who have had it to turn into generational wealth. If you have that amount of bitcoins, you can turn it to generational wealth by setting up a business or something that will multiply what you invest and keep the money coming from some profits of your bitcoins. Having one bitcoin and hoping that it turns into generational wealth simply by you just holding may not actually happen because if you keep Holding without looking for ways to multiply this investment that you have it may get a point that you will no longer be able to hold this investment and may be forced to use it for situations or expenditure that you do not plan.1 bitcoin can give you enough money to set up a good business. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: retreat on August 24, 2024, 04:01:15 PM Bitcoin is a deflationary asset which means its value has the potential to increase over time - so the longer someone holds Bitcoin in their wallet the more likely they are to make a profit. So can owning Bitcoin create generational wealth? It is very possible as the value of the Bitcoin they hold increases, it can double or more than the initial price they invested.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Alana Arden on August 24, 2024, 04:43:37 PM Will owning 1 btc make generational wealth? It is possible, until it is worth a very good amount, to keep it patiently. If 1BTC is currently $64k, I believe it could reach 1 million in the next 15–20 years. Because if you calculate the price of Bitcoin in the last 10 years, the current price of Bitcoin is sky high, which is unimaginable. And if BTC continues to grow like this, it will be a great alternative to generate wealth for generations.Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Rikafip on August 24, 2024, 05:08:39 PM There are less people today interested in buying Bitcoin than 10 years ago Bold statement. On what exactly you base it?It is possible, until it is worth a very good amount, to keep it patiently. If 1BTC is currently $64k, I believe it could reach 1 million in the next 15–20 years. The only problem is that 1 million will miost likely (give how things are developing) be worth way less in 20 years than it is now so who knows, maybe even 1 BTC won't make you rich then.However, that makes bitcoin even more important as a great asset to fight the inflation and for sure beats to holding the fiat. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Reatim on August 25, 2024, 07:50:30 AM Will owning 1 btc make generational wealth? Lol no. Not immediately at least but it can be a start. I think that no matter how high the price bitcoin can get, it’s not gonna be enough to make generational wealth. Your family and the children of your children cannot survive off of just 1 bitcoin for the rest of your lives. A lot of generational wealth come from businesses and investments passed on to children who take care of their assets well which can be acquired from having 1 bitcoin. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 25, 2024, 08:09:41 AM There are less people today interested in buying Bitcoin than 10 years ago Bold statement. On what exactly you base it?Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Iranus on August 25, 2024, 08:38:12 AM Bold statement. On what exactly you base it? Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. Can you provide details instead of just talking without evidence? Have you been following bitcoin ETFs? For example, Blackrock buys bitcoin every day and even surpassed Grayscale just 8 months after the ETF launched. If I remember correctly, the number of Bitcoin ETFs holdings has exceeded 1 million BTC and if this continues, we will not even have any Bitcoin left to buy. So it's strange when you say things are getting saturated. Also, every time the market corrects or during a bear season, the demand for bitcoin will decrease somewhat, but that doesn't mean that things have become saturated and people are no longer interested in it. It is only temporary. You should give evidence and explain more clearly instead of just talking. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 25, 2024, 08:49:49 AM Bold statement. On what exactly you base it? Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. Can you provide details instead of just talking without evidence? Have you been following bitcoin ETFs? For example, Blackrock buys bitcoin every day and even surpassed Grayscale just 8 months after the ETF launched. If I remember correctly, the number of Bitcoin ETFs holdings has exceeded 1 million BTC and if this continues, we will not even have any Bitcoin left to buy. So it's strange when you say things are getting saturated. Also, every time the market corrects or during a bear season, the demand for bitcoin will decrease somewhat, but that doesn't mean that things have become saturated and people are no longer interested in it. It is only temporary. You should give evidence and explain more clearly instead of just talking. Sorry my friend, this data cost a lot of money and it's not for general public. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Crypt0Gore on August 25, 2024, 10:13:22 AM Bitcoin is best called a long term investment, if you plan to buy 1 BTC make sure you are in for a long run, maybe 10 or 20 years to this time it could worth a lot more, minimal of six figures, 200k or even more.
This is why many investors are buying Bitcoin as their retirement strategy, they understand the time it will take them, but most new investors want to make money fast, so using Bitcoin won't yield them so much money. I Bought bitcoin at the lows of 2022 and I am up 3.5x my money, getting 5x is possible with Bitcoin but anything more is only possible with new altcoin projects. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Dr.Osh on August 25, 2024, 12:07:59 PM Having 1 bitcoin will not make a generation rich, even when having $ 1 million. However, it all depends on how we use bitcoin or money. There are many people out there who have held that much money, or even more. However, because of the environment, and bad lifestyle, it does not make them better.
However, with good management, with 1 bitcoin can make a generation rich by using it to become more, or something that continues to grow and increase. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: FatFork on August 25, 2024, 12:14:56 PM Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. I'm not so sure I agree that there's less interest in Bitcoin now versus 10 years back. Where did you get that idea from? Bitcoin keeps getting more and more popular all the time. It's still one of the biggest name cryptocurrencies out there, known around the world. If you or that "analytics company" you mentioned really thinks interest is dropping off, hey, I'm all ears. But youre gonna have to show us some hard proof. Extraordinary claims require extraordinary evidence, as the saying goes. Is it possible that they're looking at a limited dataset or using flawed analysis techniques? Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Rikafip on August 25, 2024, 01:14:51 PM Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. Yet in the meantime bitcoin price went up like x60. Kinda weird if there was more interest in bitcoin ten years ago than now. ;)Sorry my friend, this data cost a lot of money and it's not for general public. Meaning you based your statement on nothing. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: sheenshane on August 25, 2024, 01:42:01 PM Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low. Can you provide details instead of just talking without evidence? Think about the price of Bitcoin right now and think about the principle of Bitcoin in terms of demand and supply, as you can see, Bitcoin still kicking at the price range of $60k in the market. Then, tell me why this statement comes out in your mind. My answer to the OP's topic is yes. Look at the historical graph of the Bitcoin price 10 years passed, imagine that would be the same 10 years in the future. Bitcoin is digital money, if you think paper money has a lot of things that you can do, it's the same with Bitcoin. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: BABY SHOES on August 25, 2024, 01:53:38 PM It won't be enough that 1 BTC can be cross-generational generating wealth is still a long way off... maybe 30 years down the line your $1M BTC price is in the third world then it can be bequeathing wealth to your generation.
We never know how high the price of BTC will be then this will look in terms of the dollar price right? So still for me 1 BTC will not be enough to cross generations. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: dothebeats on August 25, 2024, 02:38:12 PM Given the market dynamics in this day and age, it's possible that 1 bitcoin = generational wealth. Given that owning 10000 bitcoins back in 2010 ain't worth shit, and now owning the same amount will give you and your descendants a very, very comfortable life, it's not far off from happening once more. 2010 is 14 years ago, and bitcoin was able to outperform all other investments known to man in terms of value appreciation in that short span of time.
I'd bet my bottom dollar on bitcoin making me and the generations after me, quite rich--if not filthy rich. It's the same on other investments anyway, it either collapses or it booms ;) Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: SquirrelJulietGarden on August 25, 2024, 03:06:20 PM It won't be enough that 1 BTC can be cross-generational generating wealth is still a long way off... maybe 30 years down the line your $1M BTC price is in the third world then it can be bequeathing wealth to your generation. We never know about future and price of Bitcoin in future but we know that in future, how many bitcoin will be created with each new Bitcoin block. Because it is all clearly shown in code of Bitcoin protocol that is open source, everyone can see it.We never know how high the price of BTC will be then this will look in terms of the dollar price right? So still for me 1 BTC will not be enough to cross generations. How is the 21 Million Bitcoin Cap Defined and Enforced? (https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/) Without the code, you can see it visually like this. 5 lines of code (https://x.com/lopp/status/1447608372065357828) Some more information with Controlled supply (https://en.bitcoin.it/wiki/Controlled_supply) The Equivalent Network Time (https://bitcointalk.org/index.php?topic=5331087) topic is a good explanation on how harder and how many more time needed in future to mine 1 BTC. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: adaseb on August 25, 2024, 03:28:25 PM Owning 1 BTC worth today 10 years ago, basically 325 BTC at $65K, would of perhaps gave you some wealth. However you need to realise the market cap is very high. It was $200 back in 2014-2015 and the market cap wasn't where it is today. Hence why it was possible to go from $200 to $20000 very quickly and now to $65000.
However bitcoin wont go from $65000 to $21,000,000 in the next 10 years. Its just not possible. So I dont think it will make generational wealth, even if the price goes down to $20-30K during a bear market. The market cap cannot sustain this much value. There are just way too many people owning bitcoin today which will sell if it hits $100K or $1M in the near future to prevent price from going higher. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Ale88 on August 25, 2024, 04:26:27 PM There are just way too many people owning bitcoin today which will sell if it hits $100K or $1M in the near future to prevent price from going higher. I disagree with this view: as long as there are people interested in buying the price doesn't really matter: let's take Apple stock for example, I'm sure many people sold when it reached $20, then $50, then $100, etc, and surely many of those who sold thought it couldn't go much higher and yet it happened. If bitcoin won't reach certain numbers it could be for different reasons but not for the lack of buyers.Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: tread93 on August 25, 2024, 07:44:26 PM if you had a kid today and sold your 1BTC($64k) and put the fiat into stocks/shares at a 8% interest by the time your child was 20yo the investment would cumulate to $276k which you can then pay them $22k a year and keep the $276k capital however holding bitcoin as bitcoin for 20 years could yield ALOT more.. suggestions say the speculative window that the market can trade upto in the next market cycle could be more then $276k in just a year+ Franky is know to spit the facts & I have to say that I am with him on this one! IF you can hold on & avoid selling at all costs than your family will be much better off than if you sold it for what will seem a measly price in the future. You will spend your entire life regretting selling it if you do. Try your hardest to hold on to what you've got & pass it on to future generations in your family, they will thank you for it <3 Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Die_empty on August 25, 2024, 08:09:30 PM Franky is know to spit the facts & I have to say that I am with him on this one! IF you can hold on & avoid selling at all costs than your family will be much better off than if you sold it for what will seem a measly price in the future. You will spend your entire life regretting selling it if you do. Try your hardest to hold on to what you've got & pass it on to future generations in your family, they will thank you for it <3 We are all Bitcoiners, so we will always support Bitcoin. The price of the coin has kept increasing since its creation, and we all hope that it will keep increasing. All we can do is just speculate about the future since we cannot accurately predict it. In my country, owning $64,000 makes you a millionaire. But I don't think that amount will be enough to sustain a family if it is not put to good use. It will be ideal to trade with the coin every four years. Like selling during the bull run and refilling the wallet with more coins when the price drops. If this strategy is effectively implemented, the family might be able to have a fortune in two decades.Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Justbillywitt on August 25, 2024, 08:28:15 PM Will owning 1 btc make generational wealth? When talking about generational wealth is not about 1 bitcoin so to me one bitcoin can't make a general wealth coupled with the price currently. To me generation wealth is a wealth that can not be exhausted by your children, or your children children upto the 4 to 5th generation are the kind of wealth i assumed to be called a generation wealth. But however, one needs at least 100 to 10k bitcoin to say they have a generational wealth if carefully and properly being used. What creates a generational wealth is a running real estate, shares in a company as well having some thousands of bitcoin. But say one bitcoin, except you won't temper the investment for the rest of your life. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: EFS on August 25, 2024, 08:35:30 PM Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries. What you say is not even close to the real life situation. Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 25, 2024, 08:45:28 PM Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries. What you say is not even close to the real life situation. Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth. It not only depends on country but on the life style so opinions will differ and there's no absolute answer. Let's say 1 BTC is worth 1 Million USD, is it enough for "generational wealth" ? For me it would only last 10 years while being very conservative in expenses. So if I had to answer this question positively, 1 BTC would need to exceed 10 Million USD (without counting in future inflation) and I still wouldn't say I'm wealthy. Is this evaluation possible ? I don't think so. I wouldn't even count for 100k (hopefully I'm wrong). I would worry about Tether collapsing, it is a centralized point of failure for the price and I think most of you know how bad their reputation is. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: nakamura12 on August 25, 2024, 08:59:35 PM I think the op wasn't looking at the present price of bitcoin, before asking the question. I believe that he is looking at the future price of bitcoin. A future where the bitcoin price might have skyrocketed to a price above $1m and beyond. To me it all depends on the price that bitcoin will be before my children takeover from me. We never can tell what price that bitcoin will get to. Bitcoin could get to 1 billion dollars in the future, you never can tell. If it does that, it simply mean that 1 bitcoin can make a generational wealth. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: tabas on August 25, 2024, 09:35:12 PM Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries. What you say is not even close to the real life situation. Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: coolcoinz on August 25, 2024, 09:35:46 PM I can give you a few examples of generational wealth outside of bitcoin.
I know people who bought real estate for $10k 20 years ago and it's now worth $100k and is most likely going to to appreciate even more... unless there's war. People who had real estate in Donbass probably regret not selling it a few years ago. Bitcoin is similar. It will keep going up, as long as it continues to exist. I don't think that it will last forever. Maybe it will survive another 50 years, maybe it won't. I don't think I'll live long enough to see it, but I sure won't tell my children to just ignore it and keep holding. They should learn how to use it and be ready to spend it if things go wrong. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: uneng on August 25, 2024, 09:42:16 PM Will owning 1 btc make generational wealth? I don't think so. 1 BTC isn't enough money to live an entire life. It's just enough to acquire yourself a house, but not even enough to completely repair and maintain it along the years. Moreover, it really depends when you purchased that 1 Bitcoin, because if you bought it for 30,000$ or 40,000$ recently, your profit margin will be much lower compared to an early investor who is holding Bitcoin since it was pricing less than a thousand dollars.I would say 1 Bitcoin is a very good sum of money to work with in an attempt to grow it into larger sums of money and a larger patrimony. If you are successful doing this, then you can achieve a generational wealth. However, keep in mind it's a continuous process, where you have to be constantly adapting yourself to the current reality and demands of the worlds. You have to be an attentive person to the events and tendencies going on the world to protect your patrimony against the threats imposed by economical crisis and conflicts which may affect you at some point. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: nelson4lov on August 25, 2024, 09:51:03 PM The question of whether or not 1 BTC can be worth generational wealth remains to be seen. The current price is already a substantial amount in developing countries but it is still no where near generational wealth. The only way one bitcoin will pass for generational wealth is if the price of Bitcoin goes to 7 figures or more.
I can give you a few examples of generational wealth outside of bitcoin. I know people who bought real estate for $10k 20 years ago and it's now worth $100k and is most likely going to to appreciate even more... unless there's war. People who had real estate in Donbass probably regret not selling it a few years ago. ~Snipped This example is valid and only confirms what I said. Whoever gets to buy bitcoin at $500, $1K, $10K, $20k, etc will say it is generational wealth only if the price is between 7-8 figures similar to your real estate example that worth more over time. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: franky1 on August 25, 2024, 10:54:27 PM if you had a kid today and sold your 1BTC($64k) and put the fiat into stocks/shares at a 8% interest Isn't that simple.by the time your child was 20yo the investment would cumulate to $276k which you can then pay them $22k a year and keep the $276k capital You need to pay from $22K a year capital gains, which is 11% for short term capital gains tax (https://thecollegeinvestor.com/23577/capital-gains-tax-brackets/). So you only have $19.5K, we shouldn't forget with the inflation rate too, $276K capital today isn't same to $276K capital in the last 20 years. On paper your investment grow 4x times, but in purchasing power your investment only grow 1.5x times. $19.5K a year in US is small, imagine you've invest for 20 years, but you still not able to live from your investment. lets start at the end then work up yes $22k is not enough to live on.. that was the point it was that taking 1btc OUT OF bitcoin and putting it into common shares would not lead to generational wealth now handle your numbers about cap gains people are given an allowance of tax free income before being taxed. so lets handle the actual numbers 64k turning into 276k is a 4.3125x gain meaning of 22k withdrawal its only really $5.1k of initial investment withdrawal(of the initial 64k) and the other 16.9k is the gain which we now have to deal with the tax rate its firstly not short term as the shares were held for 20 years not 1 year. secondly the total income claimed (realised value) is $22k which, and ill quote Quote Source: Internal Revenue Service Long-term capital gains tax rates for the 2024 tax year FILING STATUS 0% RATE 15% RATE 20% RATE Single Up to $47,025 >$47,025 so because the income is under $47k(the $22k withdrawal) its in the 0% cap gains tax percentile .. but back to my first line of response.. we can both agree that taking funds out of bitcoin and using it for common shares for inheritance, no it wont generate 'generational wealth' Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Adbitco on August 26, 2024, 12:17:56 AM Will owning 1 btc make generational wealth? When talking about generational wealth is not about 1 bitcoin so to me one bitcoin can't make a general wealth coupled with the price currently. To me generation wealth is a wealth that can not be exhausted by your children, or your children children upto the 4 to 5th generation are the kind of wealth i assumed to be called a generation wealth. But however, one needs at least 100 to 10k bitcoin to say they have a generational wealth if carefully and properly being used. What creates a generational wealth is a running real estate, shares in a company as well having some thousands of bitcoin. But say one bitcoin, except you won't temper the investment for the rest of your life. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: SickDayIn on August 26, 2024, 02:33:45 AM One point of difference Id like to share with others have swiftly moved over. Generational wealth implies that the capital invested can l as st for many decades, and still be able to be used to fund a lifestyle (income needs to be generated annually). Investing in stocks or ETFs, can allow income be generated without needing to sell the underlying units. However, Bitcoin on its own does not generate income. The Bitcoin needs to be sold in order for the income to be generated, through capital appreciation. So therefore, for Bitcoin to create generational wealth, it needs to be possible for it to increase in value so significantly that slowly selling it year by year to generate income, does not decimate the total capital value. I feel it's difficult for this.
Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Apocollapse on August 26, 2024, 03:45:07 AM What you say is not even close to the real life situation. Being a generational wealth isn't for Average Joe, not all people can be rich, it always a zero sum game.Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth. If Average Joe in your country need to get 1 BTC in 11 years, I live in a country where the Average Joe in my country need 30 years to get 1 BTC. ;) 1 BTC is really big, but if you're a father of two sons, having a serious disease, etc etc, that 1 BTC is just like an emergency funds, not something like you can live comfortable without need to work. After all no one force to work in third world countries, they can move to other country to earn more. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 26, 2024, 04:15:39 PM Amount of money doesn't matter if you can't manage it properly, regular Joe will spend 1 million USD so fast he won't even know when it disappeared.
The best investment you can make today is to learn living on a lower level than the one you can actually afford. If you want to leave large amount in BTC for your kids or grand kids, be sure they first learn this or this money will make more harm than good to them. With this in mind, even lesser amounts can be seen as wealth because wealth is just a status of being somewhat independent. For example if you have $100k stored and boss or other workers in your daily job starts to be unruly you can just quit and have plenty time to search for new job. You will use some of that cash to survive that period with grace then you should replenish it when you get a new job or start new business. Wealth is not driving latest cars and flashing your Rolex through the window like media pictures it. Wealth is peace of mind. If you have enough money to be "flashy" go ahead, but it shouldn't be more than 10% of your wealth. Most "flashers" you see in your city are not wealthy. How high this amount needs to be depends on the life style and country you live, for some being wealthy can be as low as $10k. It's not easy to control your spending when you can afford whatever you want, for me it had to be a hard lesson of getting broke two times in my life. Now if you want to live out of your wealth for the end of your days, this has to be really substantial. There are always some unforeseen expenses in your life (health issues, repairs etc). Check how much you spend yearly and multiply by the years you'll be living then multiply it by 2x because inflation is a bitch. That's how much you need to live from it on the same level you are living right now. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Cookdata on August 27, 2024, 06:15:56 PM Will owning 1 btc make generational wealth? If you have hold one when it was some scent or a dollar, I will say you are on your path to that road and will become when it got a million dollar investment but buying one Bitcoin at $62k, that means you really have money on you. If anyone can comfortably buy Bitcoin at the price it's trading right now, that means the person can leave above average life comfortably, going to wealth level with 1 Bitcoin isn't something that I can, that's can't be a generational wealth to you. If you want to have a generational wealth, don't buy 1 Bitcoin, buy as much Bitcoin you can get your hands on, send them to a personal wallet and preferably a hardware wallet for high safety and hold them tight as long as you are alive, they will give you what you have always wanted. If you can get as much as many Bitcoin, not only generation wealth, you will be among those wallet that will study as rich wallet address or addresses. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: MeGold666 on August 27, 2024, 06:34:34 PM If you want to have a generational wealth, don't buy 1 Bitcoin, buy as much Bitcoin you can get your hands on, send them to a personal wallet and preferably a hardware wallet for high safety and hold them tight as long as you are alive, they will give you what you have always wanted. If you can get as much as many Bitcoin, not only generation wealth, you will be among those wallet that will study as rich wallet address or addresses. Thank you for your free price prediction! I wouldn't be so sure even when it comes to Gold but hell, if you say so! Cowabunga! https://i.postimg.cc/YSktLXk3/1.jpg Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: STT on August 27, 2024, 06:44:28 PM Quote the next market cycle could be more then $276k People who argue over 100k as if its distant and a great high I think are off their aim so I agree more with this size target. If BTC goes up that far, its also realistic to say BTC will lose alot of those gains later. As we have seen many times to rise this much is possible but often also realized only as a fleeting high point. 2021 was a bit different in that it reached such a high point twice at different parts of the year but its still true alot of the gains fell away. Its not reasonable to discuss generational wealth for an asset which can half in price within that same year. Its not a steady target, I hope BTC expands its base and stability within its own economy not just relying on constant Dollar weakness. Dont own only one asset type when you talk about supporting the next generation or building up wealth. Most Bitcoin holdings don't have any yield to them, they are a speculative commodity hold. I wouldn't fully describe that as wealth as your everyday benefit is not immediately beneficial you have to sell to call it a gain. Ideally you can both own the asset and also benefit from it; it all has to be part of a whole range of activity and investment assets. Some people sold their house to buy BTC, I remember a few people did that and there was a famous thread on here about it but mostly I would argue own a solid asset like house or flat and also BTC, don't gamble on the next cycle singularly. The answer to OP depends on how widely used you think BTC will gain in its market audience. If billions of people were using BTC then 21m available will result in a very high price, more then a large house even in a city I think would result. If only 1 in a thousand people regularly uses BTC then reduce your estimate lower as that'd be like 3.5 BTC for each of those people to use. Most people discuss BTC as if the entire world will use it as their only money, its somewhere in between and thats where the price will be decided. Actual productive assets always will rate over currency of any kind imo. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: DeathAngel on August 28, 2024, 08:37:08 PM Will owning 1 btc make generational wealth? It will some day but not for a while. Absolutely though, we should all be doing everything we can to buy as much Bitcoin as possible whilst the price is still somewhat low. Due to its deflationary supply mechanism, Bitcoin is designed to go up forever. We may see $1,000,000 per coin in 20-30 years so it makes sense to buy as much as possible as regularly as possible. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Obim34 on August 28, 2024, 10:27:36 PM Will owning 1 btc make generational wealth? I will say depends on the region or country, with the current price of Bitcoin at $60k+ it's already a huge money when converted to some nations currency but to some it is just what an average person might accumulate over some period of years and may not see it as much money to foster generations to come. Owning 1 Bitcoin may or may not also depending on how the portfolio is being managed, if done carelessly then it is not but when accurately managed from approaching other options then it can be a start up capacitor for generational wealth. Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Silberman on August 29, 2024, 09:12:46 PM Will owning 1 btc make generational wealth? Doubt it, one bitcoin is without a doubt a nice amount of money to pass to your loved ones, but in many countries that amount is not even enough for the down payment of a house, and while the value of bitcoin has very reasonable chances to keep growing, it is not as if whoever gets to inherit that bitcoin gets stock dividends or something similar, so if you want to use some of that wealth, you need to sell the corresponding amount of bitcoin and only if you use that money for a profitable activity, you could buy again the amount of bitcoin that you sold.Title: Re: WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH? Post by: Franctoshi on August 29, 2024, 10:38:49 PM Will owning 1 btc make generational wealth? This question to me don't even need one to think about it twice to be able to say the answer if you have been part of the crypto community for some time now, you would definitely know that being able to own 1 Bitcoin would evely help you be OK, but I would say wealthy some people are already wealthy before buying Bitcoin, but if we are looking at it in this category of an average investor base perspective, and using the historical incredible performances of Bitcoin to judge, the answer is yes , you can be wealthy just by holding 1 BTC, only if you're patient enough to Hodle. |