If someone holds 1 bitcoin in 2023, can he call himself rich ?

[SmartCharpa]

If someone holds 1 bitcoin in 2023, can he call himself rich ? If not, how many bitcoins holding is equal to being rich in your opinion ?

It all depends on the location and how much it is worth in your country, now that bitcoin price is keeping on pumping, but in my country, everyone who has one bitcoin has become wealthy since, regardless of how it is held, the owner will have a variety of assets that will improve his quality of life, including a home, a car, and other necessities. No matter how pricey anything is, the organization is what matters. In my country, the price of a bitcoin rate now is about 41,480,000, therefore you are already a millionaire at that point. I merely think that the other half will be invest because he won't keep one bitcoin in his hand. Before referring to oneself as a rich guy because he owns bitcoin, the person may have other things to do in life. If that is the only bitcoin the person owns, it won't be enough to qualify them as wealthy.

[Bitco55]

I think this very much depends on his/ her environment. In my country, yeah , you're pretty much rich in 2023, and if you continue hodling it , you're going to be really wealthy by 2030

[Lucius]

~snip~
And since BTC price is $30k then 1 btc is not enough to be rich, you need at least 45BTC to be rich with bitcoin.

Many members of this forum will not agree with this statement, because we live in different parts of the world and for someone even 1 BTC at a price of $30k is real wealth that can fundamentally change their life. 45 BTC at a price of $30k is $1.35 million, and if you really want to be "rich" then maybe that is too small an amount to be able to buy expensive cars, apartments, yachts and similar things.

But given that Bitcoin has the potential to increase its price in the future, even those who have 1 BTC today can hope that one day it will be worth much more than it is today. In addition, anyone who owns Bitcoin (private key) in a non-custodial wallet can be considered "rich" in some way, although of course this does not necessarily have a direct connection with the value, but with complete control of their digital assets.

[EluguHcman]

Holding a 1 Bitcoin is a good go to richness statusco but even rich investors want to go richer become at the moment you finds your rate value stagnant, you feels poor this is why no do live to settle by the less despite it's value rate.

To be called rich with a 1 Bitcoin holding in 2023 is depended on a a starting point value (capital) and your sales value (profit) hence, it all lies on when what the coin value would be if targeting an entire 2023 due to the volatility of the currency so... It is undetermined but first to be considered is how much and capital invested and when was the kickstart point (date) and the coins value of the coin then and the end value of the coin at the end dated of 2023 is most to be considered before determining if to be called a 1 BTC holder "a rich investor" but however, in life you grows rich by advancing according to your formal state of being (value)

[angrybirdy]

If someone holds 1 bitcoin in 2023, can he call himself rich ? If not, how many bitcoins holding is equal to being rich in your opinion ?

It depends on which country you come from. The value of 1 BTC to our country is worth a Million and having a million in your bank is enough to live a comfortable life but much better if you allocate your money to different types of investment and build your own business so that you can earn more because the inflation rate in our country is not a joke, everything is so expensive nowadays. You can consider yourself "rich" as long as you know how to manage that 1 BTC that you have, remember that bitcoin has the potential to pump and dump its price so much safer if you hold half of it and the remaining will be used to your personal investment and business.

[Peanutswar]

1 Bitcoin is a millionaire here, to define rich well quite depends on it. If you have this number of bitcoin but you don't know what are the things you need to become more millionaire and how to have a good cashflow sooner or later you will spend all of those money and gets back of bring broke.
Just my cents you will become rich enough if you have the capability to survive on your own, make a multiple assets and sustain your daily needs and wants with the help of 1 Bitcoin you can use this as your prior miles stone to achieve more than that.

[dezoel]

I think that depends on where the holder is living. There are first-world countries where the worth of 1 Bitcoin isn't really going to make you a rich person. However, there are countries, mostly third-world countries, where the worth of 1 Bitcoin can actually make you a millionaire, even if not too rich but you will have a lot of money if you have 1 Bitcoin and you are living in a third-world country because the rate of the local currencies against USD in third-world countries is pretty high.

So, when someone converts that Bitcoin to USD and then converts those into their local currency, they will have a few million in their local currency which surely makes them rich at some level. Some would say it depends on how much money people actually should have to be considered rich, but I think if you have a considerable amount, you are rich.

[jasonjm]

If someone holds 1 bitcoin in 2023, can he call himself rich ? If not, how many bitcoins holding is equal to being rich in your opinion ?

It depends on various factors: locality, overall economic well-being, inflation, currency devaluation, expense, financial goals and lifestyle. In third-world countries, a person having one BTC in a wallet will be considered a rich person because the amount is significant in their local currency, while in developed countries, one BTC is equal to just a few months' savings. So, it is subjective to one's country and living standard.
BTC can be considered a good option for investment in the long term and will make you rich in the coming years. It does not matter if you are in a developed country or an underdeveloped country; just accumulate bitcoin for your future.