The usual answer is âit dependsâ.
But that just brings the vibe down and it answers nothing.
Of course, it varies depending on individual circumstances and factors such as the current value of Bitcoin, personal financial goals, and the cost of living in a specific location.
So letâs take some considerations.
I canât know your financial goals, so thatâs not part of the equation.
But letâs assume the following:
- Bitcoin will reach at least its previous all-time high ($68,789) and get to the widely popular $100,000 mark.
- Letâs take a 2.5-year timeframe: this means selling your BTC in august of 2025 when thereâs a lot of hype but everybody thinks it can go even higher (hence, maximum greed has not been reached yet).
Now for each country, weâll add the expected net worth that gives you the title of ârichâ.
United States
Being wealthy in the U.S. means having an average net worth of $2.2 million (according to last yearâs poll).
Youâll have to acquire:
- Low-end (selling at $68,789): 50 BTC.
- High-end (selling at $100,000): 29.5 BTC.
Remember, this is net worth, so itâs after taking out your initial purchase.
So if you buy the 50 BTC at $25,000 (roughly the current price) you invested $1.25 million. You then sold at $68,789 totaling $3.44 million. Youâre left with a 175% profit of $2.19 million (so roughly $2.2m).
If you buy the 29.5 BTC at the same $25k youâve invested $722k. A big change already! And now you sold it at $100,000 totaling $2.95 million. Youâre left with $2.21 million (300% profit).
Okay, thatâs for the U.S. but the world is much bigger than that, and the U.S. is freaking expensive.
Letâs take a look at other countries. I couldnât find polls from the plebs so Iâll stick to this website and look for getting to the 95 percentile in each country to make it a little bit less ambitious.
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