Post
Topic
Board Beginners & Help
Re: Retiring on bitcoin
by
passwordnow
on 16/07/2023, 13:18:57 UTC
How many bitcoins does a person need to retire, what is the cashout plan and why?
Depends on where you live. If the cost of living in your country is high then calculate that with some statistics on how much a person needs for an average retirement fund. 1 Bitcoin could be enough with an average price of $30k~ish but in major cities and countries, that's barely enough for a retired person. That's why, you need to look at those studies on how much it will cost a retirement fund to become sufficient and compute on how much Bitcoin should be in the future if you're wanting to retire already. But I think many will agree like having 1 Bitcoin and the price of one is $1M.  Cool