Post
Topic
Board Speculation
Re: How many Bitcoins needed to retire in 5-6 years?
by
franky1
on 03/08/2014, 19:58:32 UTC
In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?

Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.

short answer: enough.....

after all whats the point in having 100btc at $10k each (today $10mill sounds alot), if in 5 years time it costs $1000 for a loaf of bread (do i need to quote the Zimbabwe dollar?)

today $30k sounds enough for a healthy lifestyle per year, but soon it may only buy you bread for 7 months