Guys - I ran some numbers. I’m a retirement expert in Fiat but how much bitcoin do we need to retire?
There’s no good answers so here’s an example:
If I want to eat 3 eggs/day for the rest of my life - I’d need 1 full bitcoin to protect the cost of 50c an egg.
I say this because I think it’s really important to support rancher movements like The Beef Initiative - it’s the only way to get the price of food down so it doesn’t cost a 50yr old a whole coin just to feed himself breakfast. #jawn
Want to eat 2 ribeyes a week in addition to your 3 eggs a day?
You’ll need 3 whole bitcoins to protect today’s price.
Adopting bitcoin is not enough. Fiat must also be destroyed.
I don’t follow this math.
In your scenario, are you selling sats everyday to buy your 3 daily eggs for the rest of your life?
As the world turns to bitcoin, demand will increase, and price will rise, so you need fewer and fewer sats per day to purchase your eggs, correct?
3 bitcoin seems plenty to me to buy all your meals for the rest of your life in this projection, not just 3 eggs.
I basically multiplied 50c x 3 x 365 x 50 years and got about 27k which I rounded down to 1 btc
Gotcha. Thanks for showing your work 😁
