⚡️🇺🇸 Acquiring 1 #Bitcoin is becoming near impossible for the average person.
How feasible is it for the US population to stack a whole coin? (The same applies to every other country in the world.)
1️⃣ Median household income in the US is in the $75k-$99k range.
Using these savings ranges, let's see how long it would take you to save up to 1 BTC.
- Bare minimum = 10% of income
- Saver = 20% of income
- Big saver = 30% of income
2️⃣ For the $75k-$99,999 Income Range:
• At a 10% savings rate, it would take nearly 8-11 years to save enough for 1 BTC.
• At a 20% rate, this timeframe drops to around 4-5 years.
• At a 30% rate, a household could accumulate $80,000 in just 2.7 - 3.6 years.
3️⃣ For the $100,000 - $149,999 Income Range:
• At a 10% savings rate, it would take 5-8 years to save enough for 1 BTC.
• At a 20% rate, this timeframe drops to 2.7-4 years.
• At a 30% rate, a household could accumulate $80,000 in just 1.8-2.7 years.
4️⃣ For the $150,000 - $199,999 Income Range:
• At a 10% savings rate, it would take 4-5 years to save enough for 1 BTC.
• At a 20% rate, this timeframe drops to 2-2.7 years.
• At a 30% rate, a household could accumulate $80,000 in just 1.3-1.8 years.
5️⃣ For the $200,000+ Income Range:
• At a 10% savings rate, it would take 4 years or less to save enough for 1 BTC.
• At a 20% rate, this timeframe drops to 2 years or less.
• At a 30% rate, a household could accumulate $80,000 in just 1.3 years or less.
🗣️ Moral of the story ⤵︎
- Make more money
- Save aggressively
- Start immediately
- Buy more when price is lower
