WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH?

[re-start]

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.

[shield132]

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.

[pawanjain]

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.

[MeGold666]

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...

[wahyuagung26]

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.

[passwordnow]

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.

[TheUltraElite]

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.

[Adiepretty]

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.

[Marvell1]

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?

[Richbased]

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

[Roseline492]

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.

[P3Key]

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.

[CheapYoutubeHits]

Time will tell to be honest,

[MeGold666]

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.

[Stepstowealth]

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.

[retreat]

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.

[Alana Arden]

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.

[Rikafip]

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.

[Reatim]

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.

[MeGold666]

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.