A common video title is "How much "coin" do you need to retire".
Or, the other way around:
"Get 10 bitcoin to retire"
"Get 1 bitcoin to retire"
"Get 0.1 bitcoin to retire"
"Get 1000 sats to retire" - ok, we aren't there yet.
Unfortunately, there is a real problem answering this question, or rather several problems
- The amount of dollars to retire is going up with inflation and lack of yield.
- What is retirement? The definition is changing as we speak
- When do you want to retire?
- There will come a point where you cannot buy food. So, no matter how much money you have, you can't retire
A million dollars to retire
This has been the goal for people looking to retire for a long time.
Unfortunately, it is closer to 2.5 million now.
But, if we took the one million dollar number as our goal, then we can easily compute when your crypto portfolio will reach that number.
If you had 1.0 bitcoin, you can retire later this year, or in about four years.
If you had 350,000 XRP, you would be retired now. And, you cold have gotten this much buying between 1¢ and 22¢ easily… and then held onto it for eight years.
The thing is, we have only just begun crypto adoption. The price of cryptos is about to explode. And so, it isn't an amount of bitcoin you need, it is an amount of time you need. 10,000 satoshis will provide for retirement, at some point.
What does retirement mean to you?
Well, retirement used to mean working 40 years at something you hated, and then getting a pension. 40 years of assembling cars or some other manufacturing. And the pension was the price the company was willing to pay to get the old guy out, and a young person in.
Today, retirement means when you have enough capital or passive income to quit working. Or, when you Social inSecurity kicks in.
But, a more accurate definition would be something like: When you no longer have to work for the man. When you could do what you love to do full time. Tell the boss, "Take this job and shoveit"
And, really, if you want to do what you want to do, find the cheapest place to live in, and lower your costs to minimum. There are people living on the interest off $250,000 around the world.
The best way, in my opinion, is to find what you love doing, and work it into such a way that it supports your life. Then this satisfies a lot more than just the money to live life.
The actual, buying and selling things for dollars is shifting.
A person who buys a homestead for $100k may be able to retire in the near future.
A person who saves up a million dollars, may not be able to retire in the near future.
Think of a world where good food cannot be bought. We have had all kinds of food buying restrictions in our history. Things like rationing, famines, evil warlords, hyperinflation… they have all made trading currency for food iffy.
The bottom line is, money doesn't put food on the table, food puts food on the table. And growing your own food can be a very important part of you being able to retire. It may be the only way you keep from starving.
The thing that those mother WEFers have already stated is that humans will eat less meat, and will be living on lab grown proteins and bugs. So, we either have to wipe the WEF from the face of the earth, or we need to grow our own food.
The dollar will not buy food when it is worthless.
Bitcoin won't buy food when there is none on the shelves.
There will probably be a great market for food. As in, you have to know a farmer, and they have to want to sell to you. And their supply will be limited. So, get to know some farmers, or become a farmer yourself. It could be very lucrative.
The amounts of bitcoin or XRP you will need to have a "million dollars" within 4 years will probably be
- 0.1 bitcoin
- 2000 - 5000 XRP
The amount of bitcoin or XRP you will need to have a "million dollars" within 8 years will probably be (well there probably won't be a FRN - Federal Reserve Note to compare for prices)
- 0.01 bitcoin
- 250-1000 XRP
If there are still grocery stores, we will see a time when mere satoshis pay for groceries.
And then, we will see a time when a satoshi, a single satoshi is a significant amount of money. Like, party worthy when you finally get your first full satoshi.
And, at this time, XRP will be worthless. Don't know what the banksters do, but everyone drops XRP.
So, don't worry over how much or how little bitcoin you have, even stuff you get out of faucets today will be significant wealth in the future. And, do worry about XRP. It will make a lot of people very wealthy, and then, if they do not sell out of it, will see all those people poor again.