How many BTC will make you a fiat millionaire in 5 years?

[arseaboy]

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC.  So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

I believe that everyone of us here in bitcoin community are hoping that this would make it possible.. yeah only time will tell and as early as now we have to get a hold of our bitcoins and just wait until the price comes up. Looking forward to it.

[katrimans]

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC.  So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

[Positid]

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC.  So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

Dude, there no impossible in the bitcoin world, the price of bitcoin moves base on the trust of the people. When people trust it will create demand and  you have to understand that the future is uncertain and we are just betting on the price of bitcoin to increase.

The current price is $700+ and it is a doubled price for this year and if this will continue in 5 years we might even hit more than $2,000.

[goldenchip]

In 5 years, I think 100-500 would be nice. If you consider that Bitcoin is expanding faster than ever, and the network becomes more stable year after year, perhaps this amount of Bitcoins will be more than enough.

[d-trixx]

In 5 years, I think 100-500 would be nice. If you consider that Bitcoin is expanding faster than ever, and the network becomes more stable year after year, perhaps this amount of Bitcoins will be more than enough.

Very strong dreams or even the desire to get a million. I do think that it is not less than 1000 need to have to become a millionaire. Though if all the forecasts carried out, then anything is possible.

[berserkinterbuy]

Assuming the price of bitcoin reached 2000 USD in the next 5 years. Doing the math for 1m USD then ($2000/1BTC)*(xBTC/$1000000) =2000x/1000000 = 500 BTC.  So I think we need 500 BTC to be able to have 1 million USD in the next 5 years which I think very possible for BTC to reach 2000 USD due to adoption, update and upgrades of BTC.

The real catch must be how it could be sure that bitcoin will reach $2000 in next five years. In next five years bitcoin will have one more halving, so the demand will increase but people should not damp on seeing higher price levels.
Only demand will not help bitcoin to reach higher prices, there must be enough business/spending opportunities to keep on circulating bitcoins so that bitcoin will have huge prices like $2000.

Dude, there no impossible in the bitcoin world, the price of bitcoin moves base on the trust of the people. When people trust it will create demand and  you have to understand that the future is uncertain and we are just betting on the price of bitcoin to increase.

The current price is $700+ and it is a doubled price for this year and if this will continue in 5 years we might even hit more than $2,000.

Maybe it will be so, but only if again what that emergency situation, for example Bitfinex, does not make bitcoin exchange rate again fall on a couple of levels. Although today's high price will not name, yet she pleases for stability.

[uname]

Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

I think you just need to gather at least 100-500 BTC and wait a few years, maybe 5-10 years and you will find bitcoin prices are very high, and you could become a millionaire dude

[Yakamoto]

Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

I think you just need to gather at least 100-500 BTC and wait a few years, maybe 5-10 years and you will find bitcoin prices are very high, and you could become a millionaire dude

You're probably looking at at LEAST that much if you want to become a fiat millionaire in 5-ish years. Maybe if you wait longer than that you can knock the total amount of Bitcoin required down but until then you're going to be looking at a fairly large volume due to the low value and jumpy market.

It's entirely possible to do it with any amount, all that has to happen is the markets getting excited.

[wheelz1200]

I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast) 

[mirakal]

I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast) 

Me, if I can only successfully save at least 50 BTC a year I will be millionaire in 5 years. That's my dream and my goal now, we are not living in the same country and I tell with that amount in our country, I do not need to work anymore and will just focus on taking care of my family.

[carlerha]

Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

to me we cannot estimate it in advance as it totally depend on the price of bitcoin if the price of bitcoin is above 1000 then diffidently you need a little as compare to the current price.

[clickerz]

I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast) 

Me, if I can only successfully save at least 50 BTC a year I will be millionaire in 5 years. That's my dream and my goal now, we are not living in the same country and I tell with that amount in our country, I do not need to work anymore and will just focus on taking care of my family.

Thats a good target, hopefully you will hit it. 50BTC is roughly $37,000 dollars a year in recent preev price value and in 5 years equals to $186k. But we know bitcoin price also appreciates and in the span of 5 years, it could be more value. If you are living in other country, it is equivalent to several millions already. Enough to have a good life even to your children can benefit.

[ZlaiaZaia]

I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast) 

Me, if I can only successfully save at least 50 BTC a year I will be millionaire in 5 years. That's my dream and my goal now, we are not living in the same country and I tell with that amount in our country, I do not need to work anymore and will just focus on taking care of my family.

Thats a good target, hopefully you will hit it. 50BTC is roughly $37,000 dollars a year in recent preev price value and in 5 years equals to $186k. But we know bitcoin price also appreciates and in the span of 5 years, it could be more value. If you are living in other country, it is equivalent to several millions already. Enough to have a good life even to your children can benefit.

I wonder what does a country or such a difference when bitcoin legal currency and when it is not legal currency. The price may be materially different. Or I'm wrong?

[one-day0]

Reasonable is too assume that price will be between 1000 and 2000 $ for 5 years. After that calculation is simple, between 500 and 1000 bitcoins will make someone a fiat millionaire.
That is a safe bet in my gambler opinion, only surprise can be that price goes above 2000 $ in 5 years, well halving is for 4 who knows what can happen for 5.

to me we cannot estimate it in advance as it totally depend on the price of bitcoin if the price of bitcoin is above 1000 then diffidently you need a little as compare to the current price.

Who all can predict what may be the price of bitcoin when production reaches its limit. The fact is that I think all people are waiting just for this moment, because no one wants to give away on the cheap. That is the basis of this you can draw some conclusions and calculations.

[Mastsetad]

I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast) 

It would actually be better for bitcoin if it grows slowly as we always see if something goes high in a fast way it comes down so fast as well and we don't want that to happen with bitcoin, and i also feel like someone with 500 or something like that will be a fiat millionaire in 5 years as it wont grow as much as people might predict right now.

[BAGOBO]

Well 1000 btc already enough for me to live and my grandchildren will also enjoy bitcoin wealth
I must say that it's amazing to see bitcoin growth recently especially when it reach $ 750 / btc more or least

[manyuta]

Well 1000 btc already enough for me to live and my grandchildren will also enjoy bitcoin wealth
I must say that it's amazing to see bitcoin growth recently especially when it reach $ 750 / btc more or least

If you already have such a price is necessary to real- time feel like a millionaire, then 1000 is projected at the end of this or early next year will be. I think that such a price Bitcoin everyone expects.

[Sithara007]

According to my wild guess..... the exchange rates after 5 years will be around $10,000 per coin. So to become a millionaire, you would need BTC100 in your wallet. Difficult to imagine any rates above 10K... considering the current market cap of the major fiat currencies.....

[Samadur]

According to my wild guess..... the exchange rates after 5 years will be around $10,000 per coin. So to become a millionaire, you would need BTC100 in your wallet. Difficult to imagine any rates above 10K... considering the current market cap of the major fiat currencies.....

Five years, a very long time, especially for Bitcoin. The fact that none of stability to guarantee can not give. I do not think that even $ 10k could be a reality.

[btcdevil]

According to my wild guess..... the exchange rates after 5 years will be around $10,000 per coin. So to become a millionaire, you would need BTC100 in your wallet. Difficult to imagine any rates above 10K... considering the current market cap of the major fiat currencies.....

Five years, a very long time, especially for Bitcoin. The fact that none of stability to guarantee can not give. I do not think that even $ 10k could be a reality.

Why to wait for five years, at the current price of bitcoin when converted to my country fiat currency if i get 1k bitcoins is enough for me to make me fiat millionaire. And live my life in luxurious without doing any work.