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

[Sophokles]

It depends on where you live and your lifestyle. In some parts of the world, $1 million isn't much, but in others, it's a lot. Also being rich means you can afford to fulfill all of your needs and your net worth is enough to lead a comfortable life for you. This number won't be the same for people who live in the USA and India. Both places economic conditions and lifestyles are different when one place's monthly wages can be equal to another's yearly wages.

[ZAINmalik75]

After reading some replies I can say, that everyone has a different meaning of being rich, some think, having enough money to live for a whole life makes you rich, and some say, having enough money and 1 BTC with it makes you rich. etc. But I will say, rich is one who is financially free, and BTC is making people financially free but 1 BTC is not enough to make someone rich or financially free.

Being rich or financially free are of course two different things but, in both, we have enough money that we can use to fulfill our wishes and needs. Where we don't care about paying for $10,000 in shoes or for $5 million car. Have you seen the video in which big football players like Ronaldo etc. are paying huge amounts for the shopping of shoes? In that video you can see, that there is no impression and some kind of tension on their faces after knowing the prices, they just gave their cards and made the payment.

Big celebrities who have millions of dollars, which means they own more than 1 BTC, they still consider themselves not rich. So, in short, 1 BTC is not enough to make a person rich in 2023, but maybe in 2140

[Rruchi man]

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 ?

The value of one bitcoin in Nigeria is enough for someone to buy a small accommodation, buy a car and start a business. To be rich and to be wealthy are two different things and to be rich means an abundance to afford some little luxury like owning your own accommodation, your own car and also a flourishing source of income like a good business. To have one bitcoin at a time when people are struggling to have one bitcoin means that you are rich. It is easier for someone who is rich to become poor, so it means that even though one bitcoin can give you the status to be regarded as rich, you can also become poor as it does not give financial freedom.

[goldkingcoiner]

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 ?

Depends. Being "rich" is relative. A poor man from Switzerland might have enough money to call himself rich in some extremely poor country like Bangladesh. Rich is a state of mind that you cannot achieve simply by making money. That is the reason why Bill Gates shows up to work everyday. Its why Elon Musk would rather throw away Billions for his own personal entertainment than worry about who has more money than him.

The only reason why humans are so starved to be rich, is because life without money (especially in a poor country) is very hard and painful. This old-age thinking fuels our fear of being poor.

But in most countries, starvation is now no longer the same problem as it was 100 years ago. Of course it still happens and therefore still exists, but it has become much rarer. That alone is proof that we need to start healing and start thinking about money in a completely different way.

[karabiber]

It depends on where you live and your lifestyle. In some parts of the world, $1 million isn't much, but in others, it's a lot. Also being rich means you can afford to fulfill all of your needs and your net worth is enough to lead a comfortable life for you. This number won't be the same for people who live in the USA and India. Both places economic conditions and lifestyles are different when one place's monthly wages can be equal to another's yearly wages.

If I had 1 BTC, i certainly wouldn't call myself rich. Wealth is not something that depends on your lifestyle. You are rich or you are not. For a person with a house, a car and a regular income, having 1 BTC will not add anything extra to their life and will not raise their standard of living extraordinarily. Even if a person with no material assets has 1 BTC, it will not make them rich, it will only increase their welfare level. However, i cannot say whether having 1 BTC will make us rich in the years to come. Maybe the 1 BTC we will bequeath to our grandchildren 50 years from now will make them real millionaires. It is very difficult to predict this now and we should know that wealth cannot be achieved with 1 BTC.

[Yatsan]

Depends on the country you live in. If you’re in a third world country they you might be one of those who are having a good life but will never be enough to get called rich not unless in a less civilized country. Bitcoin’s market value is limite. If ever its market price reached $1, the money will not be stagnant and there would always be a possibility of dump. Alao having a huge amount of money in a single ‘drop’ won’t make you rich unless you’d venture other investments such as businesses which could generate you a big profit in order to sustain such lifestyle as long as could possible be. Rich ones are those which are having huge amount of transactions under their name while in this case, it seems to be a one-chance opportunity for someone and his/her task is to make it bigger through things inside or outside this industry.

[abel1337]

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 ?

Nope. It will always depend on the person on what is rich for them. For me, owning 1 bitcoin wouldn't make you rich. People who are in a middle class of a first world country can buy 1 bitcoin if they want to, which also in other countries like third world country but it will take much time for them to buy 1 bitcoin if they really want to. Just imagine 1 bitcoin is equal to a brand new car, having a brand new car doesn't make you rich right? Maybe having hundreds of bitcoin will make you rich if we consider my analogy.

[boyptc]

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

That depends on the country you live at. If cost of living is high then the $30k/BTC isn't going to consider you rich. But in developing countries, that's a lot of money already.

If not, how many bitcoins holding is equal to being rich in your opinion ?

5-10 BTC?

If you consider yourself being rich with $100k+ of savings will you say that you're rich? It depends on what classification of yours for being rich. Someone can have a lot of properties and yet don't have bitcoin yet they're rich.

[Sophokles]

It depends on where you live and your lifestyle. In some parts of the world, $1 million isn't much, but in others, it's a lot. Also being rich means you can afford to fulfill all of your needs and your net worth is enough to lead a comfortable life for you. This number won't be the same for people who live in the USA and India. Both places economic conditions and lifestyles are different when one place's monthly wages can be equal to another's yearly wages.

If I had 1 BTC, i certainly wouldn't call myself rich. Wealth is not something that depends on your lifestyle. You are rich or you are not. For a person with a house, a car and a regular income, having 1 BTC will not add anything extra to their life and will not raise their standard of living extraordinarily. Even if a person with no material assets has 1 BTC, it will not make them rich, it will only increase their welfare level. However, i cannot say whether having 1 BTC will make us rich in the years to come. Maybe the 1 BTC we will bequeath to our grandchildren 50 years from now will make them real millionaires. It is very difficult to predict this now and we should know that wealth cannot be achieved with 1 BTC.

As I have mentioned it varies by region and lifestyle. A place like berlin is more expensive to live in than a place like somewhere in India. People from both regions lead different lifestyles, which results in different monthly expenses. In some places on the earth people live with less than $100 per month, which is ridiculously low for most of us. It is what it is and people from that part of the world will consider themselves rich if they have 1 BTC.

[flyingcarpet]

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 ?

Inflation in my country is so high that the cheapest new car now costs more than 1 Bitcoin. If owning a car is wealth, we can say that, but I don't think owning a car has anything to do with wealth.

The concept of wealth varies from person to person. For some, even a small amount of money can last a lifetime, while for others a small amount of money may not be enough to achieve their goals. It is directly proportional to how we live and what we want. That's why having 1 Bitcoin is far from the concept of wealth for most people.

[CryptopreneurBrainboss]

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 ?

You're rich in Bitcoin but you aren't rich in fiats yet if that's what you're asking about, I said you're rich in Bitcoin because you're among the few people that'll have the opportunity to own 1 Bitcoin. You won't be rich currently but you'll definitely be rich in the future when Bitcoin gains more global acceptance. We're still early in the industry as a lot of people are yet to come into the industry and that's because they're still doubting how successful the market will be. This set of people are those that'll be buying Bitcoin costly in the future as they will be regretting doubting the future if the market.

We shouldn't be after the short term profits and wanting to be rich quick but investing for the future and keep on buying and hoarding (accumulating and Hodling). The reward will be gotten in the future and that's where we should be setting our target for and not after what's happening in the market in 2023. We still have a very long way to go so we shouldn't be disappointed but be motivated to keep on investing in Bitcoin.

[komisariatku]

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 ?

Rich people do not have a definite definition, there is no certain amount to be called rich. Wealth is relative, so it depends on your own point of view. If you think having $30,000 is rich then 1 btc is enough. But if you think a rich person is someone who has $1,000,000, then you need to have 335 btc

But if you save 1 BTC for the long time, I'm sure you will become rich because the price of Bitcoin in the future will be more expensive. But bitcoin is not a path to instant wealth, we need time for bitcoin to have a good price.

[BitDane]

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 ?

In my place, if someone hold 1 BTC today, he is a millionaire in our currency since the conversion of the current Bitcoin price to my country's currency is around Php1.818M.  I do not know if people with such kind of amount is rich since the price of commodities now adays is too expensive.  Maybe we can consider them as average since the amount will easily get exhausted if the funds is not replenished.

About being considered rich, I think 10 BTC is enough in my country.

[The Cryptovator]

I think definitions vary country-wise. If you live in a poor or developing country, holding 1 BTC would be considered rich. If you live in a developed country like the US, then I don't think it's enough to be called rich. You should hold more bitcoin. My opinion is based on the current price when writing the post. Now you have to decide whether you are rich or poor.

[Wexnident]

I guess you'd have to define what rich is first. $30k is definitely enough to be called moderately rich in my country (PH) but I wouldn't consider it being "rich" just yet. It might seem big but really, once you start trying to invest in land/buildings it'd disappear rather quickly. This is considering PH, if you were to consider countries like the US, then by no means is $30k enough to be called rich, or even moderately rich imo. If asked, I'd definitely go for at least 10BTC before even considering really.

[JunaidAzizi]

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 will be difficult to say how much Bitcoin is needed to be rich because there is no such standard for the rich. However in my view, it is dependent on the location where you are living and the people interact If you are living in the village side then I think one BTC is enough, the people are not so rich in that area if you exchange your Bitcoin for your local current it will make a huge amount. On the other hand, if your connections are very strong and they are very rich then one BTC is a very small amount at least you have to have 10 or 15 BTC in your wallet. But as you all see inflation is over high in the whole world because of the two wars between Russia and Ukraine, and Hamas and Israel, the prices of things going very high so in this situation one who called him a rich person must have 60BTC in his wallet.

[taufik123]

I guess you'd have to define what rich is first. $30k is definitely enough to be called moderately rich in my country (PH) but I wouldn't consider it being "rich" just yet. It might seem big but really, once you start trying to invest in land/buildings it'd disappear rather quickly. This is considering PH, if you were to consider countries like the US, then by no means is $30k enough to be called rich, or even moderately rich imo. If asked, I'd definitely go for at least 10BTC before even considering really.

$30k or 1BTC if converted into my country's currency (IDR) then it would be worth the price of a house and could also buy an SUV.
But that doesn't make someone rich if they don't have other supporting assets.

In developed countries like the US, $30k does seem small and it can be earned by anyone with a part-time job.
Defining wealth is not only on how much money someone has, but on the business they build and become a good passive income.
If we have 10BTC or even more and it can continue to earn, then people will say it is a Rich person, without thinking about financial development anymore.

[bayu7adi]

A question with answers as relative as this one seems likely to yield a plethora of diverse responses. Hence, I shall proffer my own perspective.

In my view, richness equates to a life filled with happiness. Granted, if an individual can find contentment with a single Bitcoin, it implies that they may be considered wealthy. However, how long can one derive happiness from possessing 1 BTC? Is it for a day, a month, or a year?

I believe that living a life of freedom is another factor that contributes to my happiness, and for that, 1 BTC might be adequate for a carefree existence over a span of 6 months. Yes, I feel prosperous for the next 6 months when I possess 1 BTC in the year 2023. I reside in a rural area, and the cost of daily living here is not as exorbitant as what individuals in Europe and America spend every day.

But when that 1 BTC is depleted, it signifies the end of my freedom. I must toil for 8 hours a day and can no longer revel in that sense of liberation. It is at this point that my happiness begins to wane, and the aura of affluence gradually fades away.

[hd49728]

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 ?

Rich is a flexible definition.

You can make your math with value of 1 BTC in 2023. You can take its price at start of this year or today. Example today price, it is $33,642 and is $33,642 enough to make a person rich?

It depends on where that person lives and how cheap or expensive daily expense in that local area is.

If that person is living in an area that only needs like $2 or $5 to live for a family in a single day, you can consider 1 BTC is enough to help that person rich.

If living expense is higher, more expensive, then $33,642 from 1 BTC is not enough to help someone rich.

[Minor Miner]

I guess you'd have to define what rich is first. $30k is definitely enough to be called moderately rich in my country (PH) but I wouldn't consider it being "rich" just yet. It might seem big but really, once you start trying to invest in land/buildings it'd disappear rather quickly. This is considering PH, if you were to consider countries like the US, then by no means is $30k enough to be called rich, or even moderately rich imo. If asked, I'd definitely go for at least 10BTC before even considering really.

$30k or 1BTC if converted into my country's currency (IDR) then it would be worth the price of a house and could also buy an SUV.
But that doesn't make someone rich if they don't have other supporting assets.

In developed countries like the US, $30k does seem small and it can be earned by anyone with a part-time job.
Defining wealth is not only on how much money someone has, but on the business they build and become a good passive income.
If we have 10BTC or even more and it can continue to earn, then people will say it is a Rich person, without thinking about financial development anymore.

That's right, being rich is not only about determining the amount of money you own, but also about how to maintain that amount of money or find ways to increase your assets every day. Only then can you be called rich. And if we have 1 million or 2 million USD but we spend it wastefully and do not work hard to replenish what we have spent, then sooner or later that wealth will disappear. So I don't consider that person to be rich.

1BTC is worth a lot to many people like us here but it is not a large amount of money for us to become rich.