How much bitcoin should you have saved by age 50?
Discussion
Depends what year you turn 50.
Say in 2055
So how much should a 19 year old have stacked by then. 🤔
1BTC should be way enough by then.
A whole-coiner in 2055? Absolutely.
To maintain todays purchasing power?
Nobody knows but quick maths:
A decent house in my area cost today 1.5 millions (more or less in USD, I'm not in US), it was about 500'000USD 30 years ago, so it might be between 1.2 (Bitcoin works, people stop speculating on housing because Bitcoin become a better store of value and the cost increase just to reflect the demand for housing to actual live in) and 5 (housing market continue to go crazy and rise faster than inflation). So price could be between 1.65 and 7.5M, let's say 3MUSD as middle of the price range.
Inflation could go crazy but not as fast as Bitcoin. Let's say 5% per year.
If I manage to get 5% return of my invested money on top of inflation, I could retire with 2-3MUSD. So let's say with 6 MUSD I could retire in 30 years.
But I guess Bitcoin will rise much more than 10% per year on average, so it could reach 6MUSD or more by then even if it slow down after that, it will still be between just enough and very comfortable to live with 1BTC in 30 years.
And you, what do you think?
Save as much as you can 😅🤙