WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH?

[Iranus]

Bold statement. On what exactly you base it?

Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low.

Can you provide details instead of just talking without evidence? Have you been following bitcoin ETFs? For example, Blackrock buys bitcoin every day and even surpassed Grayscale just 8 months after the ETF launched. If I remember correctly, the number of Bitcoin ETFs holdings has exceeded 1 million BTC and if this continues, we will not even have any Bitcoin left to buy. So it's strange when you say things are getting saturated.

Also, every time the market corrects or during a bear season, the demand for bitcoin will decrease somewhat, but that doesn't mean that things have become saturated and people are no longer interested in it. It is only temporary.
You should give evidence and explain more clearly instead of just talking.
 

[MeGold666]

Bold statement. On what exactly you base it?

Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low.

Can you provide details instead of just talking without evidence? Have you been following bitcoin ETFs? For example, Blackrock buys bitcoin every day and even surpassed Grayscale just 8 months after the ETF launched. If I remember correctly, the number of Bitcoin ETFs holdings has exceeded 1 million BTC and if this continues, we will not even have any Bitcoin left to buy. So it's strange when you say things are getting saturated.

Also, every time the market corrects or during a bear season, the demand for bitcoin will decrease somewhat, but that doesn't mean that things have become saturated and people are no longer interested in it. It is only temporary.
You should give evidence and explain more clearly instead of just talking.

Sorry my friend, this data cost a lot of money and it's not for general public.

[Crypt0Gore]

Bitcoin is best called a long term investment, if you plan to buy 1 BTC make sure you are in for a long run, maybe 10 or 20 years to this time it could worth a lot more, minimal of six figures, 200k or even more.

This is why many investors are buying Bitcoin as their retirement strategy, they understand the time it will take them, but most new investors want to make money fast, so using Bitcoin won't yield them so much money.

I Bought bitcoin at the lows of 2022 and I am up 3.5x my money, getting 5x is possible with Bitcoin but anything more is only possible with new altcoin projects.

[Dr.Osh]

Having 1 bitcoin will not make a generation rich, even when having $ 1 million. However, it all depends on how we use bitcoin or money. There are many people out there who have held that much money, or even more. However, because of the environment, and bad lifestyle, it does not make them better.
However, with good management, with 1 bitcoin can make a generation rich by using it to become more, or something that continues to grow and increase.

[FatFork]

Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low.

I'm not so sure I agree that there's less interest in Bitcoin now versus 10 years back.  Where did you get that idea from? Bitcoin keeps getting more and more popular all the time.  It's still one of the biggest name cryptocurrencies out there, known around the world.

If you or that "analytics company" you mentioned really thinks interest is dropping off, hey, I'm all ears.  But youre gonna have to show us some hard proof.  Extraordinary claims require extraordinary evidence, as the saying goes. Is it possible that they're looking at a limited dataset or using flawed analysis techniques?

[Rikafip]

Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low.

Yet in the meantime bitcoin price went up like x60. Kinda weird if there was more interest in bitcoin ten years ago than now. 

Sorry my friend, this data cost a lot of money and it's not for general public.

Meaning you based your statement on nothing.

[sheenshane]

Multiple trend data gathered by my analytic company, the interest in Bitcoin today is very low.

Can you provide details instead of just talking without evidence?

Sorry my friend, this data cost a lot of money and it's not for general public.

Then, that's what we called, a baseless statement.

Think about the price of Bitcoin right now and think about the principle of Bitcoin in terms of demand and supply, as you can see, Bitcoin still kicking at the price range of $60k in the market.  Then, tell me why this statement comes out in your mind.

My answer to the OP's topic is yes.
Look at the historical graph of the Bitcoin price 10 years passed, imagine that would be the same 10 years in the future.
Bitcoin is digital money, if you think paper money has a lot of things that you can do, it's the same with Bitcoin.

[BABY SHOES]

It won't be enough that 1 BTC can be cross-generational generating wealth is still a long way off... maybe 30 years down the line your $1M BTC price is in the third world then it can be bequeathing wealth to your generation.

We never know how high the price of BTC will be then this will look in terms of the dollar price right? So still for me 1 BTC will not be enough to cross generations.

[dothebeats]

Given the market dynamics in this day and age, it's possible that 1 bitcoin = generational wealth. Given that owning 10000 bitcoins back in 2010 ain't worth shit, and now owning the same amount will give you and your descendants a very, very comfortable life, it's not far off from happening once more. 2010 is 14 years ago, and bitcoin was able to outperform all other investments known to man in terms of value appreciation in that short span of time.

I'd bet my bottom dollar on bitcoin making me and the generations after me, quite rich--if not filthy rich. It's the same on other investments anyway, it either collapses or it booms

[SquirrelJulietGarden]

It won't be enough that 1 BTC can be cross-generational generating wealth is still a long way off... maybe 30 years down the line your $1M BTC price is in the third world then it can be bequeathing wealth to your generation.

We never know how high the price of BTC will be then this will look in terms of the dollar price right? So still for me 1 BTC will not be enough to cross generations.

We never know about future and price of Bitcoin in future but we know that in future, how many bitcoin will be created with each new Bitcoin block. Because it is all clearly shown in code of Bitcoin protocol that is open source, everyone can see it.

How is the 21 Million Bitcoin Cap Defined and Enforced?

Without the code, you can see it visually like this.

5 lines of code

Some more information with Controlled supply

The Equivalent Network Time topic is a good explanation on how harder and how many more time needed in future to mine 1 BTC.

[adaseb]

Owning 1 BTC worth today 10 years ago, basically 325 BTC at $65K, would of perhaps gave you some wealth. However you need to realise the market cap is very high. It was $200 back in 2014-2015 and the market cap wasn't where it is today. Hence why it was possible to go from $200 to $20000 very quickly and now to $65000.

However bitcoin wont go from $65000 to $21,000,000 in the next 10 years. Its just not possible. So I dont think it will make generational wealth, even if the price goes down to $20-30K during a bear market. The market cap cannot sustain this much value. There are just way too many people owning bitcoin today which will sell if it hits $100K or $1M in the near future to prevent price from going higher.

[Ale88]

There are just way too many people owning bitcoin today which will sell if it hits $100K or $1M in the near future to prevent price from going higher.

I disagree with this view: as long as there are people interested in buying the price doesn't really matter: let's take Apple stock for example, I'm sure many people sold when it reached $20, then $50, then $100, etc, and surely many of those who sold thought it couldn't go much higher and yet it happened. If bitcoin won't reach certain numbers it could be for different reasons but not for the lack of buyers.

[tread93]

if you had a kid today and sold your  1BTC($64k) and put the fiat into stocks/shares at a 8% interest
by the time your child was 20yo the investment would cumulate to $276k which you can then pay them $22k a year and keep the $276k capital

however holding bitcoin as bitcoin for 20 years could yield ALOT more..
suggestions say the speculative window that the market can trade upto in the next market cycle could be more then $276k in just a year+

Franky is know to spit the facts & I have to say that I am with him on this one! IF you can hold on & avoid selling at all costs than your family will be much better off than if you sold it for what will seem a measly price in the future. You will spend your entire life regretting selling it if you do. Try your hardest to hold on to what you've got & pass it on to future generations in your family, they will thank you for it <3

[Die_empty]

Franky is know to spit the facts & I have to say that I am with him on this one! IF you can hold on & avoid selling at all costs than your family will be much better off than if you sold it for what will seem a measly price in the future. You will spend your entire life regretting selling it if you do. Try your hardest to hold on to what you've got & pass it on to future generations in your family, they will thank you for it <3

We are all Bitcoiners, so we will always support Bitcoin. The price of the coin has kept increasing since its creation, and we all hope that it will keep increasing. All we can do is just speculate about the future since we cannot accurately predict it. In my country, owning $64,000 makes you a millionaire. But I don't think that amount will be enough to sustain a family if it is not put to good use. It will be ideal to trade with the coin every four years. Like selling during the bull run and refilling the wallet with more coins when the price drops. If this strategy is effectively implemented, the family might be able to have a fortune in two decades.

[Justbillywitt]

Will owning 1 btc make generational wealth?

When talking about generational wealth is not about 1 bitcoin so to me one bitcoin can't make a general wealth coupled with the price currently. To me generation wealth is a wealth that can not be exhausted by your children, or your children children upto the 4 to 5th generation are the kind of wealth i assumed to be called a generation wealth. But however, one needs at least 100 to 10k bitcoin to say they have a generational wealth if carefully and properly being used.
What creates a generational wealth is a running real estate, shares in a company as well having some thousands of bitcoin. But say one bitcoin, except you won't temper the investment for the rest of your life.

I think the op wasn't looking at the present price of bitcoin, before asking the question. I believe that he is looking at the future price of bitcoin. A future where the bitcoin price might have skyrocketed to a price above $1m and beyond.  To me it all depends on the price that bitcoin will be before my children takeover from me. We never can tell what price that bitcoin will get to. Bitcoin could get to 1 billion dollars in the future, you never can tell. If it does that, it simply mean that 1 bitcoin can make a generational wealth.

[EFS]

Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries.

What you say is not even close to the real life situation.
Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth.

[MeGold666]

Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries.

What you say is not even close to the real life situation.
Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth.

It not only depends on country but on the life style so opinions will differ and there's no absolute answer.

Let's say 1 BTC is worth 1 Million USD, is it enough for "generational wealth" ? For me it would only last 10 years while being very conservative in expenses.
So if I had to answer this question positively, 1 BTC would need to exceed 10 Million USD (without counting in future inflation) and I still wouldn't say I'm wealthy.
Is this evaluation possible ? I don't think so. I wouldn't even count for 100k (hopefully I'm wrong).

I would worry about Tether collapsing, it is a centralized point of failure for the price and I think most of you know how bad their reputation is.

[nakamura12]

I think the op wasn't looking at the present price of bitcoin, before asking the question. I believe that he is looking at the future price of bitcoin. A future where the bitcoin price might have skyrocketed to a price above $1m and beyond.  To me it all depends on the price that bitcoin will be before my children takeover from me. We never can tell what price that bitcoin will get to. Bitcoin could get to 1 billion dollars in the future, you never can tell. If it does that, it simply mean that 1 bitcoin can make a generational wealth.

As far as I can understand, that's what op wanted which is to know if having 1 bitcoin can make a generational wealth. I'd say the same. Who knows that bitcoin's price would reach more than the price of BTC right now in the future. Even this time, no one even expected to reach new ATH. I didn't even expected that btc price even reach its price right now when I remember btc price before is around 2-5k dollars when I just know about bitcoin a few years back.

[tabas]

Let's be realistic, 1 BTC isn't enough to make you rich, even in third world countries.

What you say is not even close to the real life situation.
Even the current value of 1 BTC is too high for many countries. For example, if a minimum wage worker in my country uses all his money to buy Bitcoin and there is no inflation and no price change, he can only have 1 BTC in 11 years. You can understand how big this amount of money is from here. And that's not even taking into account the future value of Bitcoin. Owning 1 BTC is enough to create a generational wealth.

That's true, $64k as of the current value is a lot already in most developing nations. And that's why if someone who owned 1 BTC when it was around $100 to $1k or even less than $20k, that's already a lot of profit to them and is a wealth to consider that can be passed on to their children when they grow older. I'd agree that this is enough to have a generational wealth. Like the discussions before, someone would like to have 5 to 10 btc or even a hundred in order to retire but now, we're talking about 1 digit and in the future it's likely some decimals.

[coolcoinz]

I can give you a few examples of generational wealth outside of bitcoin.
I know people who bought real estate for $10k 20 years ago and it's now worth $100k and is most likely going to to appreciate even more... unless there's war.
People who had real estate in Donbass probably regret not selling it a few years ago.

Bitcoin is similar. It will keep going up, as long as it continues to exist. I don't think that it will last forever. Maybe it will survive another 50 years, maybe it won't. I don't think I'll live long enough to see it, but I sure won't tell my children to just ignore it and keep holding. They should learn how to use it and be ready to spend it if things go wrong.