Damus
Ken Berry, MD · 49w
I keep hearing the meme that if you accumulate .21 BTC you are set for life. Is this a real thing or is it wishful thinking??
TheBitcoinBattery profile picture
Based on my model, any amount makes you set for life if given enough time but let's do the math for ₿0.21.

₿0.21 ≈ $17,000.

Growth rate of bottom over the long term = 1.002046 compounding daily.

Held for 10 years the equation looks like this:

$17,000 * 1.002046^3650 = $29,516,750.70

Given expectation of the average 6.8% dollar debasement annually seen over the long term, the dollar will lose:

100/106.8 = 0.9363 or 6.367% spending power lost annually.

1*0.9363^10 = 0.5178 or 51.78% of value remaining.

$29,516,750.70 * 0.5178 = $15,283,357.82 of today's spending power.

So yes, if my model is correct then ₿0.21 would make someone set for life in 10 years. Hell, it would make someone set for life much sooner than that, but you get the point. 🙂🫡

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