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Less Than 1 BTC Might Be Enough to Retire: Here’s Why
A new study has shed light on a crucial question plaguing cryptocurrency investors and enthusiasts alike – just how much Bitcoin is needed to retire comfortably? According to the research, the answer may be surprisingly low. Less than 1 BTC might be enough to retire for most people in most countries by 2035.
The findings are based on a model that takes into account each country’s average income level, adjusted for inflation, age at retirement, and Bitcoin’s power law model for predicting prices. The results show that, by 2035, the majority of people would be able to retire with less than 1 BTC.
It is essential to note that these numbers vary depending on the region. Individuals living in countries with higher cost of livings, such as those in North America and Western Europe, may require more Bitcoin to maintain their lifestyle during retirement.
However, for a significant portion of the world’s population, retiring on less than 1 BTC would be entirely feasible. The study highlights that even if one doesn’t own any Bitcoin currently, they might still be able to achieve financial freedom by investing in the cryptocurrency and holding onto it for several years.
Moreover, the research indicates that those who hold just one Bitcoin today are a rare breed. This is because there are only approximately 800,000 to 850,000 unique individuals who possess at least one BTC out of the global population of over 8 billion people – an astonishingly low percentage of 0.01% to 0.02%.
Source: cryptopotato.com
