WILL OWNING 1 BTC MAKE GENERATIONAL WEALTH?

[EluguHcman]

Will owning 1 btc make generational wealth?

A lot has owned worth more than one Bitcoin but could not secure stance of wealth for their generation while some has owned less than one Bitcoin and could succeed in attaining inheritance wealths due to the economical figures of financial managements and explorations for further incomes.

Let us understand that it is not how much we inherits that  determines our wealths but how industrious and economy awareness we are to in other to maximize our present holding for future or tense profitabilities.

I suggest this post should be best in deliberation in the economy board because it is all about utilizations of highily amount of funds potentially to produce more values only depending on individual determinant because owning one Bitcoin without strategical order to more produces has not potential of more productive retunes.

[salad daging]

Will owning 1 btc make generational wealth?

It will some day but not for a while. Absolutely though, we should all be doing everything we can to buy as much Bitcoin as possible whilst the price is still somewhat low. Due to its deflationary supply mechanism, Bitcoin is designed to go up forever. We may see $1,000,000 per coin in 20-30 years so it makes sense to buy as much as possible as regularly as possible.

Our goal is to continue to buy as much bitcoin as possible so that the portfolio looks fat, I know it will be difficult to reach 1 piece of bitcoin for several years but if we consistently buy bitcoin at least once a month then we will have a lot of bitcoin, this can be cross-generational to pass on to our children, by looking at bitcoin price predictions for the next 30 years it is not impossible that the price can touch $1,000,000, the important thing is that we have bitcoin so we are calm for the future.

[The Cryptovator]

Very short question, but the answer is quite complicated. You may ask Chatgot also and Google it. If you are not lazy, then study Bitcoin history. Your answer won't be a short word. It's very important to study Bitcoin from the beginning  so you can realise whether one Bitcoin can make generational wealth or not. For me it can, but it depends on how long you want to hold it and how you would like to handle it. 

[Fivestar4everMVP]

Very short question, but the answer is quite complicated. You may ask Chatgot also and Google it. If you are not lazy, then study Bitcoin history. Your answer won't be a short word. It's very important to study Bitcoin from the beginning  so you can realise whether one Bitcoin can make generational wealth or not. For me it can, but it depends on how long you want to hold it and how you would like to handle it. 

To be honest with you, I personally feel that the question would have made more sense if it was asked when bitcoin was still perhaps; valueless, or much more lesser in value like lets say between $5 to $10 to $20.

The price of bitcoin is currently $58k+, with an all time high of over $70k, $58k when converted to my country's local currency using today's exchange rate is around 94 million, this amount is already a generation wealth money for so many people, especially those those will know to manage money in the sense that through this money, they can establish worldclass businesses and business empires that will ensure that money never stops flowing into their accounts even after they are gone (dead).

So, imagine using this amount of money to buy 1 bitcoin and asking if the 1 bitcoin can make you a generational wealth, when more than 60 percent of the world population already can't even afford to buy half of that..

[Beparanf]

Will owning 1 btc make generational wealth?

In my country yes. 1BTC is converted as 3+ million pesos which is already an insane amount. You can already have a good house and lot on rural area here and live peaceful life by investing the rest of the money on self sustainable farming.

I skeptical about other country that has higher cost of living such as US but here in 3rd world country that amount is considered as generational wealth because you can already live a sufficient life.

[Zoomic]

Will owning 1 btc make generational wealth?

It may, it may not.
Just owning 1btc is not enough to create generational wealth,  the main issue is the ability of the owner to allow that 1btc to multiply. One major challenge with investments meant to serve as a generational wealth is mismanagement of the investment. A person who owns 1btc today and suddenly becomes so impatient and begins to spend heavily from that same investment which is meant to serve as a generational wealth, will leave nothing or very little for the next generation. Even if the holder of the 1btc successfully multiplies that 1btc and transfers it to the next generation who does not know how to manage that wealth, everything might be gone so quickly.

A generational wealth requires a person with discipline to be able to manage it well and pass it further to the next person.

[Ishicryptic]

Will owning 1 btc make generational wealth?

It is definitely possible for Bitcoin to make a generational wealth because it is a store of value and an asset that is best held on a long term for assured returns on investment. Bitcoin is an asset that someone can hodl and plan for the future, whether it's for yourself or your future generations, as long as you secure your private keys and your seed phrase you can hodl as long as you want into the Future. For easy and best strategy you can adopt the DCA method and plan for you and your loved ones future. You Don't need to have 1 BTC to transfer your wealth to your future generations, what you need to focus on is transferring the seed phrase to them because without the essential keys, no matter the the amount of Bitcoin that you have they will remain as donations to the Bitcoin community in the blochchain.

[peter0425]

I skeptical about other country that has higher cost of living such as US but here in 3rd world country that amount is considered as generational wealth because you can already live a sufficient life.

From a third world country here and if we consider the price of bitcoin now, no it’s not enough to make generational wealth. In fact it is almost not enough to survive off of one year if you are a family with more than one kid.

However you could use it in the future and see how much it can go. Maybe then it’s enough.

[Kakmakr]

In theory and based on the Bitcoin price history, you can have enough price increases to generate enough money to support the next generation, but that is not guaranteed.

Bitcoin can be replaced by another technology or something bad can happen to destroy it. (nothing is impossible) .... I was one of the lucky people who got into Bitcoin when the price was around $300.... I made almost 800% profit on those first coins that I bought and I used the profit to generate passive income for my family, through other investments.

Do not put your eggs into one investment basket, rather use some of your Bitcoin to invest in other options too. (Property / Bonds / Shares etc.) 

[AYOBA]

Will owning 1 btc make generational wealth?

Yes off course 1 BTC can generate more than your expectations because now those that purchased BTC since is still in lower price those people have become of something today since it has multiply in what they didn’t expect, so in this case I will say that owing 1btc can make a huge generation accept he give the owner of that 1btc short periods of time.

Because a lot of people of people have try it and they succeed and that’s all about life sometimes if you don’t take risk you will never succeed, but not all human beings comprehend the word all their thinking will be based on how they want take pay back the 1btc and with time everything will become a surprise with huge profits.

[knowngunman]

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 this is the only response that seems to be in line with what Op is asking. Majority of responses I read above so far were mistaken generational wealth with individual or a single generation wealth. With the current situation of economic disorder in every country, I don't think there is any part of the world where one bitcoin is enough for generational wealth. Generational wealth is a wealth that's sustainable from generation to generation and not seized after serving the generation that created it. For a bitcoin to make a generational wealth, some generation will have to make sacrifice since it's a long-term project and the future generations will probably benefit from it. It takes more than holding an asset for a long term to make a generational wealth.

[Agbamoni]

One Bitcoin is a whole lot of money. If someone from a country has less value in their currency compared to the US dollar and owns one Bitcoin, he can be wealthy if he manages it very well. Keeping one Bitcoin for 10 years will yield a potential profit that he could not imagine. However, for someone in the US, it does not make much of a difference because owning one Bitcoin is not much of a big deal for an average person. If they want generation wealth, they need to own 10 Bitcoins and hold it for a long time.

[mirakal]

Very short question, but the answer is quite complicated. You may ask Chatgot also and Google it. If you are not lazy, then study Bitcoin history. Your answer won't be a short word. It's very important to study Bitcoin from the beginning  so you can realise whether one Bitcoin can make generational wealth or not. For me it can, but it depends on how long you want to hold it and how you would like to handle it.

If you can own 1 bitcoin and hold it indefinitely, surely it will be a huge amount after a decade or two. When you use that massive returns in buying another assets like real estate, stocks or bonds, and pass it into your children, that means a single bitcoin has already led into a generational wealth, that is if you manage your investment wisely and smartly. But if you are a greedy one and is up for get-rich-quick profits, owning 1 bitcoin would never be enough to become a generational wealth.

[Huppercase]

]
If you can own 1 bitcoin and hold it indefinitely, surely it will be a huge amount after a decade or two. When you use that massive returns in buying another assets like real estate, stocks or bonds, and pass it into your children, that means a single bitcoin has already led into a generational wealth, that is if you manage your investment wisely and smartly. But if you are a greedy one and is up for get-rich-quick profits, owning 1 bitcoin would never be enough to become a generational wealth.

I think we need to be realistic with this mathematics, Bitcoin will grow no doubts about that but have you also considered the holders age and when the maturity will come? Don't forget that there is unforeseen circumstances that can happen later, we have seen Bitcoin lost hope from $20k to $3k one time because of policy change, we don't know what political environment of Bitcoin will says tomorrow if another person assume the office of the government or if they decide to regulate it.

I know for sure Bitcoin is going to reach some fiat price that can give a generation wealth but that's not going to happen over night. What is even the assurance that we might stay alive to that time to experience such price. Imagine seeing Bitcoin or anticipating the price to go as high as $500k and we think that can happen over a night? That I'm not sure about, it's a long journey any diamond holder need to be prepare to see.

[ringgo96]

One Bitcoin is a whole lot of money. If someone from a country has less value in their currency compared to the US dollar and owns one Bitcoin, he can be wealthy if he manages it very well. Keeping one Bitcoin for 10 years will yield a potential profit that he could not imagine. However, for someone in the US, it does not make much of a difference because owning one Bitcoin is not much of a big deal for an average person. If they want generation wealth, they need to own 10 Bitcoins and hold it for a long time.

For us poor people 1 BTC is certainly a lot with the current price, but we are humans who never feel enough, so 1 BTC is not enough, and this does not necessarily mean living in the US, other countries will also feel that way, and it all depends on who holds the bitcoin, so gratitude is very important for all of us to always feel enough.

[m2017]

If you can own 1 bitcoin and hold it indefinitely, surely it will be a huge amount after a decade or two.

I don't think that in 10-20 years, bitcoin will have a huge value to create generational wealth. The higher the price of bitcoin, the harder it is to increase the multiple of the profit you get. The wealth in bitcoin was made by early investors because they could make x100-1000 profit by buying for a few cents.

When you use that massive returns in buying another assets like real estate, stocks or bonds,

The BTC-community will not approve of such actions with bitcoin. Just hodl.!

Why buy this junk (except for real estate, if you live in it), when bitcoin shows higher profitability.

and pass it into your children, that means a single bitcoin has already led into a generational wealth, that is if you manage your investment wisely and smartly.

Will it be considered a wise investment if it converts bitcoin to

another assets like real estate, stocks or bonds,

You can also pass on bitcoin to your children.

But if you are a greedy one and is up for get-rich-quick profits, owning 1 bitcoin would never be enough to become a generational wealth.

Having 1 btc will be enough for the poor people, but for the rich 1 btc (~$60k now) is a trifle.

[Die_empty]

I think we need to be realistic with this mathematics, Bitcoin will grow no doubts about that but have you also considered the holders age and when the maturity will come? Don't forget that there is unforeseen circumstances that can happen later, we have seen Bitcoin lost hope from $20k to $3k one time because of policy change, we don't know what political environment of Bitcoin will says tomorrow if another person assume the office of the government or if they decide to regulate it.

I know for sure Bitcoin is going to reach some fiat price that can give a generation wealth but that's not going to happen over night. What is even the assurance that we might stay alive to that time to experience such price. Imagine seeing Bitcoin or anticipating the price to go as high as $500k and we think that can happen over a night? That I'm not sure about, it's a long journey any diamond holder need to be prepare to see.

The thread is about Bitcoin becoming a generational wealth. I don't think our age should be considered since the coins can be transferred to our heir. It will be useless to sell your coin below the cost price except for an emergency like health, war or loss of job. This is also why we need to have emergency funds.

If you intend to keep Bitcoin as a generational wealth, you must have to have a will that will contain when or at what price you want your heir to liquidate some or all your hodling. Such plans can be written in your will and handed to a trusted legal practitioner or trustee. Just like other investments, the price of Bitcoin is unpredictable but a good plan will establish good financial footing for your generation.

[FinneysTrueVision]

According to several predictive models Bitcoin could be worth several millions of dollars within the next few decades. These predictions don’t come from random crypto influencers but from well known investment firms like Van Eck, which predicts a Bitcoin price of $2.9 million by 2050. If we look at past trends, this is certainly within the realm of possibility. Even if it only gets halfway there, that could still make you generationally wealthy depending on your circumstances. At the very least, it is enough to live a very comfortable life.

[Mpamaegbu]

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

I think you're exaggerating what it takes to be rich, not just only in supposed third world countries but also in the entire world. 1BTC at the current price of $58k is enough to make anyone rich, except they lack financial education. Investment choice is what multiplies money, not just keeping or hodling it. A man who lacks financial discipline and investment acumen won't even know how to sustain any amount of Bitcoin gifted them or left in their care. For me, half of that amount is enough to skyrocket one into wealth if they know what they're doing, financially.

[tygeade]

Will owning 1 btc make generational wealth?

Yes off course 1 BTC can generate more than your expectations because now those that purchased BTC since is still in lower price those people have become of something today since it has multiply in what they didn’t expect, so in this case I will say that owing 1btc can make a huge generation accept he give the owner of that 1btc short periods of time.

Because a lot of people of people have try it and they succeed and that’s all about life sometimes if you don’t take risk you will never succeed, but not all human beings comprehend the word all their thinking will be based on how they want take pay back the 1btc and with time everything will become a surprise with huge profits.

I do not think that it would be "generational wealth" though, I understand that it will make a lot of money and you will be of course rich there is no reason to keep doing this and we should consider the situation to be a sensitive thing and we could probably see the difference.

The thing is that "becoming rich" and "having generational wealth" are very different two things and while one is true the other is not. Generational wealth means that your kids and grandkids will not have to work and they can just survive from the money you leave them, and if you just have one bitcoin that's not enough, first of all you would have to sell it to survive, secondly it will end way too quickly, you can't even wait for that long.