Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: How many BTC will make you a fiat millionaire in 5 years?
by
pyata4ok
on 21/02/2017, 19:46:25 UTC
Quote from: bob123 on February 13, 2017, 07:19:52 PM
Quote from: Slark on December 19, 2015, 01:00:20 PM
Quote from: bitsmichel on December 19, 2015, 12:51:00 PM
How many BTC will make you a fiat millionaire ($) in 5 years? Why?
As I doubt bitcoin price will go totally insane in the near future I would say you will need more than 1.500 - 2.000 BTC to reach million dollars threshold.
There is probably no way that we will see price increase after the halving so it is hard to predict bitcoin price after that.


Even at todays BTC price you only need 1000BTC to be a millionaire (1000 x 1000 = 1.000.000) Cheesy
I doubt BTC will drop to 500$, in which case you would need 2000BTC
It is very hard to have to say the first million, you can earn in any way. The price of bitcoin is not stable at all, and therefore in the five years to do it is not possible.