Quote from: Justbillywitt on August 25, 2024, 08:28:15 PM

Quote from: Adbitco on August 23, 2024, 11:58:20 PM

Quote from: bitcoinprophetmohammad on August 23, 2024, 10:55:45 PM

Will owning 1 btc make generational wealth?

When talking about generational wealth is not about 1 bitcoin so to me one bitcoin can't make a general wealth coupled with the price currently. To me generation wealth is a wealth that can not be exhausted by your children, or your children children upto the 4 to 5th generation are the kind of wealth i assumed to be called a generation wealth. But however, one needs at least 100 to 10k bitcoin to say they have a generational wealth if carefully and properly being used.
What creates a generational wealth is a running real estate, shares in a company as well having some thousands of bitcoin. But say one bitcoin, except you won't temper the investment for the rest of your life.

I think the op wasn't looking at the present price of bitcoin, before asking the question. I believe that he is looking at the future price of bitcoin. A future where the bitcoin price might have skyrocketed to a price above $1m and beyond. To me it all depends on the price that bitcoin will be before my children takeover from me. We never can tell what price that bitcoin will get to. Bitcoin could get to 1 billion dollars in the future, you never can tell. If it does that, it simply mean that 1 bitcoin can make a generational wealth.

Well i know there is every possibility and with cryptocurrency it could be possible, but one has to wait for decades maybe for additional 20 to 40 years for that to effectualized and come to reality. But then have you also considered the inflation rate what could be the future then, i know price of commodity are increasing unbearably just as we do cry for inflation, have you also considered what the future would look like compared now. 15 years ago people who were earning $3k are seems to be pretty much wealthy but in today's economy that amount seems to not enough even afford bills and expenses after paying taxes for those in the countries that pays taxes from every little bit of their income that gets to their accounts.