Re: Can owning 1 Bitcoin make you rich in 2023?
Yes... and no.
There are many factors into it.
Where are you living? In a first world country, 1 Bitcoin is very small as prices are way expensive there compare to those in third world countries. I live in a third world country, and I can say that it might make me rich.. or depending on what really is the definition of rich.
Speaking of rich, what is your definition of being rich? Does you having 1 Bitcoin make you feel rich already? Does having you lots of money make you rich? I mean the word rich has a very broad meaning, and it all depends on the person on what his definition of rich is. As for me, my definition of being rich is that "having lots of money with a stable source of income - both passive and active."
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So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?
Yes Bitcoin can help you to give a life that you want. However, it will not as easy as you think it will, and TBH, 1 Bitcoin isn't enough for you to achieve financial freedom.
Let's take the definition of financial freedom on one website:
LINKFinancial freedom means having enough passive income from investments, savings, and other assets to support your dream lifestyle.
I will base on that definition of Financial Freedom. Will 1 Bitcoin enough for you to support your dream lifestyle? For me who is living in a third world country, 1 Bitcoin is enough already to support my dream lifestyle, but I will not just simply hold 1 Bitcoin and let it support my lifestyle, but I will use it to buy stocks that will give me annual dividends. In that way, it will be the one who will support my lifestyle, and that's my definition of financial freedom.
Now I don't know how your lifestyle is, and what are your monthly expenses, but depending on that 2 factors, 1 Bitcoin might be enough for you to achieve financial freedom. Now it all depends on you on how you will use it to support your lifestyle. I already shared mine, and I hope you can get some strategies here for you to achieve it.