This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire.
What guarantees that bitcoin price will hit $1 million in the future? Have you ever thought, if BTC never reaches 1 million or it takes 50 or 100 years to reach this number, what will you do? Nothing is certain.
Not to mention, even if bitcoin price hits $1 million and you only have a negligible amount of bitcoin, how will you retire?
Bitcoin is a potential asset and it is not a bad idea to include it in our retirement plans, but it would be a bad idea to rely entirely on a new and volatile asset like BTC and dream, it will help us retire. Instead, prepare for retirement by working hard, earning a lot of money, accumulating and diversifying assets...and only retiring when we have achieved our set goals.