Have you ever wonder how lucrative or powerful Bitcoin is in the crypto world.
And you ask yourself(especially as a beginner in cryptocurrency business) can 1 Bitcoin make you a millionaire? Now listen!
The creator of swiss key,kyle kemper created a formula that determines how much Bitcoin one has to own in relation to the value of the world's wealth and the rise of a Bitcoin over time.
According to Kemper's formula: A person need a total of 0.06624605 BTC in order to guarantee wealth worth $1 million.
If you have to ask yourself a question like that, I don't think it really needs to be asked because 1 Bitcoin is enough to give 1 Unit of luxurious house with a minimalist impression in my place at hundreds of millions in my country's currency. Indeed, in general it is not enough to make someone rich, but if only to call him a millionaire, I think for just 1 Bitcoin someone can get that title from other people who are still poor.
But I'm confused by the Kemper formula that you said because if only with a total of 0.06624605 BTC to guarantee the wealth you mentioned, I think at this point there are very many people who have that amount of Bitcoin but they are still not called a person. millionaire now. So can you explain again the meaning of the formulas and formulas here so that I don't fail to understand what you are saying?