Will owning 1 btc make generational wealth?
Yes off course 1 BTC can generate more than your expectations because now those that purchased BTC since is still in lower price those people have become of something today since it has multiply in what they didn’t expect, so in this case I will say that owing 1btc can make a huge generation accept he give the owner of that 1btc short periods of time.
Because a lot of people of people have try it and they succeed and that’s all about life sometimes if you don’t take risk you will never succeed, but not all human beings comprehend the word all their thinking will be based on how they want take pay back the 1btc and with time everything will become a surprise with huge profits.
I do not think that it would be "generational wealth" though, I understand that it will make a lot of money and you will be of course rich there is no reason to keep doing this and we should consider the situation to be a sensitive thing and we could probably see the difference.
The thing is that "becoming rich" and "having generational wealth" are very different two things and while one is true the other is not. Generational wealth means that your kids and grandkids will not have to work and they can just survive from the money you leave them, and if you just have one bitcoin that's not enough, first of all you would have to sell it to survive, secondly it will end way too quickly, you can't even wait for that long.