I'm guessing most people haven't even laid out the spending phase of their Bitcoin acquisitions--me included until yesterday. Seeing these numbers extrapolated out is very eye opening and from a FIRE standpoint really highlights the power of Bitcoin.
Discussion
Most people I see publicly doing that are assuming 50%+ CAGR for the rest of their lives and determining that 2 coins is enough to live on forever.
I think we will have a rash of "my bitcoin ran out and I had to go back to work" stories in a few years. Especially from people who run that calculation near the top of a bull market.
Those people will never get back to the stack they had before.
Ya I always assume much much lower, but right now Im well employed and just focused on stacking for my family. No plan to retire
I did it a few months ago estimating the amount I'd have to live on under the threshold for paying taxes on capital gains which is higher than you might expect here in the us. I think right now its like $88k for married filing jointly no taxes on capital gains (long term) I could be wrong (not tax or legal advice), but it was pretty auspicious assuming you start with a pretty decent stack
Right and the plan I'm working on with this AI prompt includes utilizing the tax code to maximize tax efficiency to withdrawal from retirement funds for Roth conversion ladders or other minimize future RMDs.