Will owning 1 btc make generational wealth?
Yes it will if you know how to manage it wisely and double or triple it's amount after years of holding. And it's important as well that you educate your children early about bitcoin so that they can continue the legacy you have started if ever it's time for you to pass your bitcoin to them. 1 btc in my country is huge enough, and it will be more huge in the future seeing its price continue to appreciate year after year.
Are you kidding mate? You know what generational wealth is? I'm sure if you really understand, you wouldn't say 1 BTC would be enough or could be considered generational wealth. Yeah 1 BTC is a lot of money but that doesn't mean it's enough to be considered a generational wealth. Let's assume you've got about 4 kids and each of your kids got at least 2 kids and you're about to split 1 BTC to all of email, how exactly are you gonna do that mate?
Except your generation would all actively invest their various portion of the bitcoin for the longer term before they can actually begin enjoying its benefits while still having enough to pass on to the next generation.