How Much Bitcoin Do You Need To Be Wealthy In 2035 - 08-24-2024

Hello, everybody. Welcome back to the channel where we talk about stuff. Don't forget to subscribe, as I keep seeing on my analytics that a large amount of people, around 60% to 70% of people who watch my videos are not subscribed. Anywho, as we get to the rumblings of the, bitcoin cryptocurrency bull market, a common question. And this one has actually expanded even further, because of recent events. The idea is for crypto, and, I mean, this is also usually roughly the same thing for other assets. If I'm getting into investing, how much of something should I have? That is to say, investors who invest in real estate typically don't have just one place. They'll have several. You've seen the YouTube videos. I have 87,000 apartments. Like that kind of thing. Same exact thing with stocks. The idea is you get one, you get two, you kind of keep buying, and eventually your wealth continues to grow. However, for crypto, it is quite different, simply, because it is a brand new asset class. Yeah, I don't know who forgot that. Bitcoin has roughly been around for only around 15 years, and many of the other altcoins have been around for, like, seven years, four years, three years, two years. So when we look towards the future for where all of this could go, people tend to use a lot of charts, which is good, because we don't have a lot of data to actually go on. You can go on, like, 150 years of, like, stock market data, but you can't really go on, like, 15 years of data without, like, really having to dig deep into it. I don't know what this is, but I'm digging deep into the actual data. One of the. Now stay with me because it's going to get a little bit intense, and I apologize in advance. One of the ideas for bitcoin for a while, to be in the 1% of bitcoin holders is that you would need 0.28%. This is a number given to us, like, six, seven years ago. And it is widely believed that that number has actually gone down as we continue to see a lot more rich people and whales buying up egregious amount of bitcoin all the time. If you haven't been following the channel, that's basically been the trend over the course of the last two years. Rich people have money, they buy bitcoin, bitcoin price go up, they get richer, that that kind of thing. So 0.28 was touted as the number that, you would need to be in the top 1% of bitcoin holders, but it stretches a little bit further than that. We recently had. There was some, like, bitcoin crypto money event where, Okay, I'll do it this way then. This way. It's been quite interesting in the news recently that a lot of people who have bitcoin and cryptocurrency price predictions are coming to the exact same conclusion. That's number one we're seeing, even for price predictions you might have remembered over the course of the rest of this year and also for next year, we're getting a lot of, a lot, a lot of 200, 200, 5300 thousand somewhere swinging around there. And, I mean, you can also go to the 600,000 depending on how wide the pendulum swing is for you. But a lot of people tend to give the same exact numbers over and over. There was recently a cryptocurrency event, and the idea was, for some reason, I don't know what happened, everyone was taking out their, their crystal balls and their psychic powers. Where basically the predictions were for bitcoin's price between the years of 2035 to 2040 is that, bitcoin would be anywhere from $20 to $24 million per coin. I. Fantastic. Can't, can't argue with it. I think that'd be absolutely wonderful, especially for altcoin portfolios or anyone who's already in crypto. Getting into crypto, who's been here for a while, you're basically going to be rich. The other point to be made is that that's a huge amount of. So understand what a, a $1 million bitcoin basically entails. The fact that we have several hundred million people on the planet who kind of understand that fiat, currencies are absolute garbage, and they've begun to buy even more large amounts of bitcoin, and more people have basically gotten onto the boat. It is estimated that right now we have roughly around 100 to 150 million people around the world who are into crypto. Therefore, if we 34567 x that amount, of course, bitcoin's price will also go up as well. A million dollar bitcoin basically means that the old economic system, that we know and hate is basically slowly beginning to crumble. But we can also see this from bitcoin going to zero to where it currently is right now. This is an indication that people are like, I don't like that old stuff anymore, and they're pushing their stuff into bitcoin. $20 to $24 million per coin basically means that, like, bitcoin is kind of like everywhere. Everything is basically more or less priced in bitcoin, completely. This has been like a prophecy, if you will, for a while, where people have basically said that around 2030, somewhere around there, don't forget the very popular, 2029, 30, and 31 bitcoin price prediction of anywhere from 800,000 to a $1 million coin basically means that bitcoin would be more or less the new financial system. So those who kind of get in early would benefit the most. So, here we go. This would basically mean that if you have an entire. If you're lucky enough to have an entire bitcoin, you would then be worth $20 to $24 million. Everyone got it? Cool. And these. These projections. And I need to throw it out there. These projections of a $20 to $24 million bitcoin are actually lightly conservative. There are people who've been throwing out a $40 million bitcoin in the next, like, 15 to 20 years. I'm giving you the 20 to 24 million. Just to make things a little bit lighter and simpler. If you're lucky enough to have an entire coin, you would then be worth $20 to $24 million. Cool. Got it. If you have half a coin, this would be ten to $12 million. Cool. Understandable.

How much bitcoin do you need to become wealthy from bitcoin

This is where it gets interesting, because if you then have a fourth of a coin, 0.25 bitcoin, you would essentially have $5 million. Remember what the other number was? It was 0.28. They're very close to each other. Once again, in the idea of how much bitcoin you would need to actually be wealthy. Now, you might be asking, why. Why does a fourth of a bitcoin make so much sense in this scenario? I'll tell you exactly why, and you can google it and find it as well. A number of years ago, there were surveys done, for people, mainly in America, because it was based in us dollars. Got it. What? they considered wealthy, and a lot of people said, I consider having a million dollars wealthy. I think 10 million is wealthy. I think 15 million is wealthy, 7 million is wealthy. And for some reason, I don't know why I'm swinging like this. For some reason, right in the middle, around $5 million kept on popping up. Now, I can feel the light skepticism from someone out there, because I know someone's like, 5 million is not a lot. Hold on. If you have $1 million, like, right now, and you decided to put that into stocks or into something else, that would give you, like, an average return of around 4%. If you just said, like, no, that's a terrible return. And you're like, oh, I, want seven. 8911. You're putting your stuff into very risky stocks and other assets that probably might not be around for a while. So typically, if you are a big investor and have a lot of money, you aim for, of course, five is nice, 5.5 as well. You aim for around a 4% return, like, from, like, a dividend or something like that. So let's say dividend. Cool. Simplify it. A million dollars with a 4% dividend at the end of the year is getting you $40,000 from that 1 million. If you have 5,000,040 times five, you'd be getting $200,000 a year passively from doing absolutely nothing. Now, I'm sure that number rings a bell in your head, because it's a lot of freaking money. So, therefore, the idea is that if you. Because this was also the number that we also similarly had a couple of videos ago. For those of you who missed it, the idea was how much money you would need to work to make, to be comfortable, comfortable in the United States. Therefore, if you're making that completely passively, $200,000 passively, without literally having to do anything, my friend, you are therefore wealthy. I would even go lower and consider, like, two or 3 million. Can we be completely realistic? If you are making ten to $12,000 passively per month, you're probably wealthy. Cause the vast majority of, like, wanna say, like, 95% of people on the planet aren't doing that. The number actually ends up coming back once again, looping around that by the year 2030 to 2040, according to numbers and analysts. And once again, this is. This isn't like a, like a, like a Mike Novogratz kind of thing. This is like all the analysts are, saying the exact same thing, and I'm giving you the lower end. You would essentially need 0.25 bitcoin to not only even be in the 1% of bitcoin holders, but to actually be a literal bitcoin millionaire just from having a fraction of a coin. That's part of the power of, like, getting into the market early. That's part of the reason why I've been talking about this for the last, like, eight to nine years, trying to get people to understand that the earlier you get in, the better it is for you later. It's this way with all assets. But as we continuously, because we have news, continuously, keep seeing that bitcoin and crypto were like everywhere and taking over the world. And for those of you who've been missing it, I don't know. Right. All these governments who are buying up tons of bitcoin. And the AI the other day who also bought, was it 149? Please watch the video. It's mind boggling. last thought. It is mind boggling to me to even remotely think that there are people in crypto who would potentially completely forego not having any bitcoin, in their, portfolio and or retirement fund. I could not begin to wonder or understand how. Yeah. So some of you are probably gonna be pretty rich in the future. I do hope that you've all enjoyed, I do hope that you all are having a great day. Morning, afternoon, evening. Moving stuff around on the desk because I can't see because there's like a crazy glare. There we go. Afternoon, evening, wherever you are, wherever you might be. I do hope it's absolutely fantastic. Thank you all once again for watching, listening, liking, commenting, and supporting. And I will most certainly be talking to you all soon. See you, again. See you.