What do you define as financially free? What are the basic necessities to life?
House
Car?
Food on the table
There are no other necessities that I can think of even the car is not necessary. The only things you need are a place to put your head and food on the table. If you have that then everything else is luxuries. OK I know that a lot people including me will want more from life than that but I think everyone holding 1 Bitcoin @ 250k could be financially free if they already own the above. If not then it would probably take 2-5 Bitcoin for them to be financially free depending on where they live. What do you think?
What is freedom ?
A shelter?
A shelter in a low crime area?
A way to get food easy?
Some one to make love with?
Easy transportation?
I Live in low crime suburban area in New Jersey.
A nice home with a 1/3 of an acre is 450k
Tax is about 10k.
My style of home in USA could be as low as 200k tax under 2k
It could be as high as 800k tax of 20k.
So for me and my wife I need 2million to replace our pension and our insurance.
That frees us from the federal government pension and insurance . Just in case the USA falters.
I have a lot of relatives in multiple countries I could flee to.
Say Australia, Italy , Argentina.
So BTC gives me a chance to leave the USA if I have to.