#Bitcoin Retirement Calculator.
Amazing tool to play with:
https://calc.bitcoineracademy.com
I inserted 15% for "annual growth" & 10% for "annual inflation" (FIAT supply).
Totally conservative! ... No adoption, no network effect etc.
Only considering the hardest money character (closed system)
& 5% annual productivity growth according to Jeff Booth.
A today 16 year old, if he worked hard, lived at his parents, saved everything in #bitcoin & had a modest 'retirement lifestyle' could retire after 12-15 years!!
Till his 90ies.
He would be young enough (around 30) to start a family & spend time with them.
Man, I wish I were 16 again and knew this. I wouldn't give a f*** what others said/thought.
I think we have a problem with this account. Positive BTC flows, based on your annual BTC purchases until retirement, cannot have the same annual value as shown in the table. If we assume that BTC will grow at the rate you reported, unless you reported zero, each annual contribution, constant in fiat currency, should be a smaller addition of BTC to your savings over time.
I haven't seen the underlying codebase for this tool.
Maybe it's published somewhere? (github etc.)
I have taken your statement as a matter of course.
...Just made an example calculation and it gives this btc balance over time. The incremental build up seems to slow down in btc terms. So I guess he/she did it right. 👇
Well, I reviewed it here. I selected the same rate for BTC price growth and fiat inflation. This caused the table to return constant BTC flows to constant FIAT flows over time. It is considering the appreciation of BTC relative to FIAT as a difference between BTC price growth and fiat inflation. This doesn't seem logical to me. The appreciation of BTC over a given fiat currency, in my opinion, in the long term, is a directly proportional function of BTC adoption and the fiat inflation in question, wich I believe can be measured directly by BTC price.
Setting both at same rate would mean bitcoin had no advantage compared to FIAT b/c both behave similar.
We know that isn't the case.
The difference of both is what actually matters.
I estimate the difference to be higher than productivity growth as long as adoption (hyperbitcoinization) is completed.
After that the difference would be at the overal productivity growth / rate of technological deflation.
Don't know if FIAT still existed then or would be fixed to BTC... But doesn't matter here.
Seems quite clear to me.
