Quote from: pixie85 on August 05, 2020, 08:01:30 PM

Quote from: FightThePower on August 05, 2020, 05:37:55 PM

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?

Not entirely, I have fiat savings and other crypto too not just relying on bitcoin. But just think if bitcoin gained mass adoption and become a mainstream way of saving in the next 10 to 15 years.

Compare it to the Internet in 1995 probably less than 10% of people in 1st world countries had it or had even heard of it by 2005 the inverse was true.

Imagine a similar scenario for crypto I mean just look at milenials and younger generations they'd rather invest crypto than shares and commodities. Eventually shares stocks and bonds may lose dominance and have to share the space with crypto.