Post
Topic
Board Bitcoin Discussion
Re: Will owning 0.01 BTC really make you rich?
by
Abiky
on 08/02/2022, 12:22:46 UTC
0.01 bitcoin today is just about $400 in value and that is nothing to make anyone rich, even in the third world poor countries. If we are looking at that and hoping it will become possible in the future then that will have to be after bitcoin has done its halvings for 5 times or more. That is 5 multiplied by 4 and that is 20 years from now. It is going to be a long wait to come. Anything can happen before that 20 years wait. Bitcoin can even lose its importance too before then.

0.01 BTC may be nothing today, but it will be in the future as Bitcoin continues to reach new All-time-highs. The fact that the cryptocurrency is deflationary, tells us that it should become more valuable over time. Of course, nothing is guaranteed in this world. For what I know, the crypto market is purely speculative. If Bitcoin is maintains high demand, you can bet 0.01 BTC will make you filthy rich in an instant. Most of us will probably have more than 0.01 BTC so there's that. We're going to have to see what will happen with Bitcoin's price after each halving. Just my thoughts Grin