Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Do you own 1 Bitcoin? (2022 edition)
by
Welsh
on 19/05/2022, 23:38:46 UTC
⭐ Merited by JayJuanGee (1)
I would hazard a guess that it is mostly
unachievable for the majority at this stage.
Is it though? I mean, at current value that's what you'd expect to earn from a yearly salary right? Obviously, not on minimum wage, but I believe the average wage is just below that. I don't know exactly in the US, and what the US dollar equivalent is, but I do believe the UK is around 24k, which would be around about the price it's at now.

So theoretically, those that can offer their services for Bitcoin, just as they do with fiat could earn similar amounts. I don't think it's unachievable at the moment. If we see the price increase to upwards of $100k, that's when a lot of people will be priced out, well of owning one BItcoin anyway. Not that it's important, just interested why you'd think something which could be achieved in a year by many, would be unachievable. Even earning half of that, it would take two years. Obviously, the fluctuating costs of Bitcoin might go against you, but I imagine we'll be at a rather low point for a while.