Quote from: dr.cheema on April 11, 2023, 09:00:17 PM

Quote from: uneng on April 11, 2023, 07:26:58 PM

No, 1 BTC won't be enough to become rich. Imagine you don't have any properties and goods and that you have to build your entire financial life with just 1 Bitcoin. The maximum you will be able to acquire with that money is a house or a car. Then how are you going to get rich this way? From where are you going to get money to maintain a house or a car? How will you generate income for a living? A single Bitcoin isn't enough, even if you live on the poorest nation in the world, I suppose...

1 BTC is helpful as a powerful booster to start an investment thinking on your future, but it won't raise your financial class status. You need much more money in every cases!

It is true that having just one Bitcoin is not enough to become wealthy overnight. While Bitcoin has appreciated significantly in value over the years, its price is still subject to volatility and is influenced by a range of factors, including market demand, regulatory changes, and technological developments.
That being said, owning Bitcoin or other cryptocurrencies can be a valuable part of a diversified investment portfolio and may offer potential for long-term growth. As with any investment, it is important to do your own research, understand the risks involved, and seek professional advice before making any investment decisions.

As of right now, the value of 1 Bitcoin is around $30k, so that's a lot of money if you're from a third world country. It's true that that amount of money can't make us rich, but if we can hold it until 200k or 500k, then you can be financially free with 1 BTC there. I mean, besides you can buy a house, a car... you still have a huge amount of money to start your other businesses. Don't forget 10 years ago, 1 BTC was nothing, but now it's worth $30k, so 10 years from now, you won't be able to own 1 BTC.