Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: How many hours an American needs to work to earn 1 Bitcoin
by
bitcoinsocial09
on 04/01/2020, 15:19:54 UTC
⭐ Merited by LFC_Bitcoin (2)
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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(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 Tongue

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?
That's still a long way considering 257 hours of work and also expenses maybe around 300hours of work. I think if you are really aiming to invest in bitcoin to buy 1 bitcoin I think it is pretty much achievable even if you are not an American, even in other countries you could invest your job salary in bitcoin. But I think this is a difficult decision to make since cryptocurrency or bitcoin is a big risk and even a lot of people would have his second thoughts with this because you work hard for it and there is a chance you could lose your money.