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Tuesday 6 July 2021

In Bitcoin 100x is Just a Few Years

To think about super wealthy people in bitcoin you might imagine someone with a super stak of say 1000 bitcoin. Turns out that is the technical term threshold for a whale. It's a wild unrealistic number to most of us now. At around 35 million bucks worth its beyond achievable with a normal work life balance. Even 10 bitcoin or 1 billion sats seems like a stretch of dreams at the moment. Certainly for people just discovering this stuff. But it wasn't soo long ago that ten bitcoin could be had for a week's wages, so in a bitcoiners mind there is a confusing new perspective here. It wasn't so long before that that a whale stak could have been had for half of your weeks wages. It is the time and not the amount that starts to become more significant.

10 years ago the price of one btc rose to surpass $1. This means basically anyone who was around at that time could afford to be a whale now. Not many people did that, but it was not the money that made it happen, it was the time.  The fact that this person held on over this time is the most significant factor. In bitcoin 100x is just 5 years and we all have time (most of us poor people anyway). Now time is worth a lot. You know the phrase, we are bringing it back, now money is only time. If you have a few years, you can be a whale.