I'm 32 I bought bitcoin because I hope in 10 to 15 years I can retire in my 40s.
The I'm looking at it is that right now the market cap of bitcoin is a fraction of that of gold. Right now the most likely investors, hedge fund managers, institutional decision makers and people with money to invest are usually in their 40s to 50s
Fast forward 10 years time wealth will have shifted to the mellenials and a large number of investors and decision makers will be of the mellenial generation. This gen are more likley to invest in digital assets than people from older generations. Hence I can see the market cap of crypto eventually closing the gap on gold.
Perhaps one day owning 1 full bitcoin will be out of reach for the average person that is unless you got it early.
That's my hope
So you bought 1 Bitcoin and hope that you'll be able to retire on it?
I hope you'll succeed but I wouldn't bet on it. I hope you'll have some other retirement funds to lean on because it will be difficult for Bitcoin to reach the levels some bulls are predicting like 200 thousand dollars or 1 million. 50 thousand is probable but is it enough for retirement?