The question of how much Bitcoin is needed to retire has intrigued many investors. Recent research suggests that less than 1 BTC may be sufficient.
Model for Calculating Required BTC
Bitcoin researcher and investor 'Smitty' has created a model calculating how much BTC is needed to retire. He stated, 'Most people in most countries still need less than 1 BTC for 2035 [retirement].' Additionally, he mentioned that retiring this year would require most countries to have between one and ten BTC.
Country Differences
The findings indicate that those living in expensive countries such as the United States and most of Europe will require more Bitcoin to maintain retirement lifestyles. However, for more than half of the listed countries, less than 1 BTC would be sufficient for retirement by 2035. By 2045, nearly all countries, except for a few wealthy places, would need less than 1 BTC, and in many cases, only 0.1 BTC would be necessary.
Rarity of 1 BTC Holders
Holding just one BTC is rarer than being a millionaire today. According to blockchain data, the number of unique individuals who own 1 BTC is about 800,000 to 850,000, but this is just an estimate. With 8 billion people globally, 'wholecoiners' represent only 0.01% to 0.02% of the population, making them rarer than the estimated 16 million millionaires worldwide.
The research indicates that much less than 1 BTC may be necessary for retirement in most countries, raising important questions about the accessibility of cryptocurrency for the general public.
