Post
Topic
Board Speculation
Re: The power of Bitcoin in global world
by
Fesatmas
on 28/04/2023, 13:49:07 UTC
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.
Yes of course Bitcoin is very much in the world of cryptocurrency it is the king of all coins available on the market today and forever.
No, I don't think that having only 1 Bitcoin can become a millionaire considering the current price alone bitcoin is still at $ 29k, it still takes a lot to reach $ 1 million and it still takes quite a long time to get to that price.
Yes, that might be termed as adoption has to increase crazily for bitcoin to increase its price to $1 million and to be a millionaire with only one bitcoin we have, I wish I was still alive at that time.