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 that is the total Bitcoin that you need in order to have $1 Million, then I wonder how much is the value of 1 BTC at that time, that can reach $15M - $20M per Bitcoin which I think is already unrealistic and BTC might took another decade just to reach that price or not possible at all. The power of Bitcoin is slowly growing as USD continues to lose its dominance in the market. In the next 5 years, I'm sure Bitcoin will be on a better place but reaching a $1 million value per Bitcoin is too good to be true.