I was doing some simple math:
17.54 mil btc per 7.7 bil Earth inhabitants (lets forget about lost coins for this calculation):
0.00226btc/person
To be a 1% bitcoiner among earthlings you only need no more than 0.226 BTC (probably less, but I will use this number), which is about $814 right now.
I would think that any intelligent person should go ahead and make that purchase, it makes sense, even if you are skeptical.
Conclusion: btc is still super affordable.
In fiat world you need $871K (in assets) to be among 1% worldwide.
I am having a little bit of a problem with your $871k to be sufficiently in the 1%, and even reasonable to live a passive income life-style of that amount. That only gives you a $34,840 income per year (assuming a 4% withdrawal rate). It seems that a minimum of twice that amount would b prudent if you are living some kind of lifestyle that involves western expenses, too.. not just 3rd world living (which $871k might be a manageable passive income amount in those places).
What if you currently have something close to $871k in assets in BTC (which would be 243BTCx$3,575)? Then you are already in the 1% and your future prospects within bitcoin should be even better, but I would still think that you either need a minimum of a 2x appreciation in BTC prices or to double your stash to 486BTC.
On the other hand, if you have multiples of 10 less than that 243 BTC amount, then there is a requirement of three 10x price improvements for you to get to the 1%-ers? And, maybe even 20x price increases to get to the level of comfort that I consider to be a reasonably comfortable target.
But yeah, let's use a 10x variation of your numbers, which would be 226 BTC or 22.6 BTC or 2.26 BTC or your number of .226BTC (which is 100x more BTC than the average BTC max that anyone might have in a projected full BTC world)....
I understand that you are appealing to the smaller goal number on the multiples of 10 scenarios to both show that a reasonable hedge goal is manageable by very low income individuals right at this time versus my suggestion of higher numbers and various 10 equity hedge cushions.... because how long is it going to take to become a 1% under your projected scenario of .226 BTC? 30 years?
I know that the scenario could happen of becoming a 1%-er with .226 BTC is possible earlier than 30 years, but you are suggesting more than a 1,000x BTC price increases in order to become a 1%-er, which would be more than $3million dollars per bitcoin.
Guys and gal here following this thread should surely be able to shoot higher than .226BTC.. and a minimum of 2.26 BTC and a 10x higher goal of 22.6 BTC should be achievable for guys and gal, here... Now I am starting to think that longer term HODLers in this thread, who are thinking of retiring in the $50k BTC to $100kBTC territory likely have a BTC stash that is in the area of 40BTC to 50BTC arena...
No need to dox yourself anyone, but that's my thinking for the projected retirees at $50k plus per BTC arena.. and $50k is going to give a bit of a cushion.. so at 40BTC, then you have $2million and 50BTC you have $2.5million in BTC assets.
I also know that no matter what I say, there are a lot of guys (and gal) here who are pricing their wealth in dollars, and they do not want to cash out 4% per year once they get to their BTC accumulation goal (and price target), they want to cash out a vast majority of their BTC at $50k, for example, because they want to lock in their dollar projections for how much they believe it takes for them to guarantee living passively off of the amount (given BTC's ongoing expected volatility)... .and we are not going straight to $3million per BTC any time soon...and who wants to wait 30 years to retire?
Poll
