Re: How many hours an American needs to work to earn 1 Bitcoin
The last decade has been a tough time for many American workers, with the cost of living rising drastically while wages have largely stagnated. However, it appears that the reduced purchasing power of the US dollar (USD) could have been wholly offset had wages been paid in Bitcoin, a cryptocurrency that has appreciated by more than 2,200% since 2015.
With the average American pulling in around $28.29 per hour according to MarketWatch, it would currently take almost 257 hours to purchase a single Bitcoin (BTC) at its current value (circa. $7,315). Comparatively, somebody earning the federal minimum wage of $7.25 per hour would need to work just over 1,000 hours to earn a single Bitcoin.
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If you are thinking on getting a job as an American citizen and trying to achieve some FIAT for 1 Bitcoin, that's the information you are looking for
But we all know all it comes down to price fluctuations and American's market economy and many more variables so it's not something static but as mentioned an average estimation.
To put this into perspective, most Americans would need to work at least 23x longer to earn a single Bitcoin now, compared with 2015.
Have you reached something similar as working as an American citizen to buy a piece of Bitcoin (Satoshis) as for your Investment or any other related crypto involvement?
I think the salary paid in bitcoin in the US is a huge progress. That shows bitcoin has a foothold in the country. It will help improve the lives of the American people because the value of a bitcoin is much higher. Not to mention that if bitcoin increased in price they would make a big profit.With the average American pulling in around $28.29 per hour according to MarketWatch, it would currently take almost 257 hours to purchase a single Bitcoin (BTC) at its current value (circa. $7,315). Comparatively, somebody earning the federal minimum wage of $7.25 per hour would need to work just over 1,000 hours to earn a single Bitcoin.
Full News source here
(Not click campaign, just sharing information)
If you are thinking on getting a job as an American citizen and trying to achieve some FIAT for 1 Bitcoin, that's the information you are looking for
But we all know all it comes down to price fluctuations and American's market economy and many more variables so it's not something static but as mentioned an average estimation.
To put this into perspective, most Americans would need to work at least 23x longer to earn a single Bitcoin now, compared with 2015.
Have you reached something similar as working as an American citizen to buy a piece of Bitcoin (Satoshis) as for your Investment or any other related crypto involvement?