Latest / Simply Bitcoin / How Much Bitcoin Do You Need to Retire in 2025? | EP 1060

Transcript

How Much Bitcoin Do You Need to Retire in 2025? | EP 1060 · Simply Bitcoin

0:02
It's all going to zero against Bitcoin.
0:06
It's going up forever. You're against Bitcoin.
0:16
You're against freedom. Have value.
0:25
Bitcoin often gets criticized because people don't fully
0:28
understand it. The biggest reason for this is
0:30
because people use money without really knowing how it works.
0:34
Why do we value the paper money in our wallets?
0:38
Traditional money like the dollar is considered valuable
0:41
despite consistently losing its purchasing power over time.
0:44
We trust it because it's always been a part of our lives and
0:48
governments say it has value. But what if we could redesign
0:51
money? What qualities would we want
0:54
that our current money does not have?
0:56
Let's take a step back and think where you would rather save your
0:59
wealth in a form of money that can be printed endlessly or
1:03
money with a limited supply. Money printed endlessly drops in
1:07
value over time, stealing wealth from those who save in it.
1:11
Money should have a fixed supply to keep its value steady, like a
1:15
bank transfer or wire over a weekend.
1:18
It shouldn't take days and high fees to send money.
1:22
Instead, money should always be highly portable, quick and easy
1:26
to transfer, as cheap and fast as sending a text message.
1:30
Money should not be controlled by anyone, so no one can seize,
1:34
manipulate or block transactions.
1:37
You can copy Bitcoins code, but not the value of the currency.
1:40
All users agree on the real version of Bitcoin, which
1:43
creates a powerful decentralized network that is too difficult to
1:47
recreate. Bitcoin fulfills the properties
1:51
of money exceptionally well. Because it is decentralized, it
1:55
is secure from attacks and censorship resistant.
1:58
The limited supply makes it scarce and useful for saving.
2:02
And because it is digital, you can easily divide it and move it
2:05
instantly across the world. Bitcoin is not as widely
2:09
accepted as the dollar yet, but it also hasn't been around as
2:12
long. As more people become familiar
2:15
with Bitcoin, many see it as a superior form of money.
2:19
As millions of users worldwide adopt Bitcoin, its network
2:22
effect grows stronger, making it easier to buy spend in store.
2:26
The more widely accepted it is, the more valuable it becomes to
2:30
all users. Bitcoin combines the best of
2:33
traditional money and digital assets.
2:35
You might not need Bitcoin today or see the value, but billions
2:39
around the world do. Those in oppressive regimes,
2:42
those whose savings lose value and those who need to send money
2:46
home cheaply. Yeah, welcome to simply Bitcoin
2:55
live, your number one source for the peaceful Bitcoin revolution.
2:58
Coverage can use culture romantic warfare.
3:00
We will be your guide through the separation of money and
3:02
state Shout out to River Financial for putting together a
3:05
very well produced video explaining Bitcoin, why it's so
3:09
important, why you know why it's valuable, what differentiates it
3:13
from Fiat money and in a 2 1/2 minute video, we got to continue
3:18
this trend. Remember, Remember, guys, it's
3:20
like in the theme of the show, this is narrative trench warfare
3:24
in the battlegrounds of the Internet, on the battlegrounds
3:26
of the Internet, and we're winning.
3:27
We're fighting for the hearts and minds of individuals who
3:31
want to get people on Team Orange versus Team Fiat.
3:35
ANYWAYS, so much stuff to cover on today's show.
3:39
This is a topic that we do every so often, which is a topic that
3:43
you guys really like. So we'll continue to give you
3:45
guys what you like and the name of the topic of today's show or
3:49
the topic of today's show. Better said is how much Bitcoin
3:52
do you need to retire? Specifically, how much Bitcoin
3:54
do you need to retire by the year 2025?
3:57
Of course, that depends tremendously on on bitcoins
4:01
price appreciation. If Bitcoin continues to follow
4:04
its historic cycles, 2025 should be the parabolic year.
4:10
We all know the meme 3 green one red.
4:13
Basically what it indicates is that there's three up greens.
4:16
There's three there's three years in the Bitcoin cycles that
4:21
follow the having that are that are up.
4:24
So they're green and then there's one year that is down.
4:26
So this is the last year, the last green year and that tends
4:30
to be the parabola year. Now, all that being said, that
4:33
doesn't mean that, you know, Bitcoin is going to follow
4:37
previous, you know, previous cycles, but I believe that it
4:41
will, I believe that it's like hard corded in because of the
4:44
halving. Halving causes a supply shock.
4:47
You know, there's less cell pressure from the miners.
4:50
And then of course, that makes the price go absolutely bananas.
4:53
So I believe that's going to happen next year, but really no
4:56
one knows. There's there's a lot of there's
4:58
a lot of variables. So anyways, we're going to ask,
5:01
we're going to ask, we're going to answer the question how much
5:03
Bitcoin do you need to retire? We're going to incorporate
5:06
Michael Saylor's predictions that he made at the Bitcoin 2024
5:10
conference, the bear case, $3,000,000 Bitcoin, the base
5:14
case $13 million Bitcoin and the bull case $49 million Bitcoin.
5:19
And we'll kind of, you know, we'll, we'll kind of wind that
5:22
into just the analysis and the conversation that we're going to
5:25
have. Also in other news, Safedeen
5:27
dropping hot fire. We have a clip of him just
5:30
talking about Bitcoin. He has a way with words.
5:31
I mean, this is the author of the Bitcoin Standard and it is
5:35
Friday. We have been listening to our
5:37
audience and at the end of the day, I said in the beginning,
5:39
this is information narrative trench warfare.
5:42
If memes are bullets are no, sorry if tweets are bullets,
5:46
memes are artillery. So on today's culture we are
5:50
going to do a meme review like you guys have been asking for so
5:54
many weeks. Anyways, no more delay.
5:56
Do want to bring up my Co host Optimus Fields.
5:59
Sorry guys, I'm not in my usual studio.
6:00
I'm streaming live from the beautiful Puerto Rico.
6:03
I'm going to be here for the next couple weeks or so.
6:07
But yeah man, can't complain. I can't complain.
6:10
Opti how you doing? I am doing wonderful.
6:13
I got some coffee in this morning.
6:15
I'm up, you know. It's not decaff decaffeinated.
6:19
It's not decaffeinated, Opti, so I'm sure to lose my mind at some
6:22
point in the show cause your boys feeling pretty jittery
6:26
right now, which is how I like to do the show.
6:28
But man, it's Friday. We made it one more week.
6:31
They allowed us to have one more week on planet Earth.
6:33
So you got to love it that we're still here, we're still
6:36
breathing. It's paradise, man.
6:38
Life's great on the Bitcoin standard.
6:40
Bitcoin's working, so you just love to see it.
6:42
I know there's a lot of crazy stuff going on in the world and
6:45
a lot of people are freaking out on Twitter, but hey, mental
6:49
health is important. Go outside, touch some grass.
6:52
We made it to another week and yeah, man, I can't complain
6:57
ever. Like life's great.
6:59
I, I truly enjoy what we do and it's, it seems like it's
7:02
working. It seems like you guys love it.
7:04
So I feel good, man. I feel, I feel the love today on
7:06
on this Friday. And of course, and you go, we
7:08
get to do a meme review today. You know, guys, you've been
7:11
yelling at us. We've been trying to keep the
7:13
show about an hour. Sometimes we go a little longer.
7:16
We want to give it to you guys distilled.
7:18
So it's, you know, an hour show so that it's palatable, so you
7:22
guys can digest it. So these hour and a half shows
7:25
are a little long, but hey, when we have a good guest on in
7:28
Friday. Also also to be clear though, I
7:30
have been talking with our scheduler, so Friday should be
7:33
pretty open. So we'll continue to do the
7:36
culture like we normally do, but you know, we'll, we'll hopefully
7:39
get the meme reviews in for you guys more often.
7:42
Absolutely, absolutely. Do you want to give the audience
7:45
a taste, or do you want to just jump straight into the show?
7:48
No, well, I I do all right, so this this meme review is going
7:52
to be a little different. It's not just going to be static
7:53
videos. I got this TikTok video of this
7:56
girl trolling the the Kamala economic policy and it's
8:03
absolutely hilarious. I think it's a really good meme
8:05
and it's so good that I think people thought it was real.
8:08
And this is the power of meme. So I got a video for you guys
8:11
for today's meme review. And then of course, I got some
8:13
solid memes on the back end. So yeah, I think you guys are
8:16
going to love it. Beautiful, beautiful.
8:17
All right everybody, before we jump into today's show, I do
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want to give a shout out to our lead sponsor.
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All right, everybody, let's head to the numbers.
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se-ed.com website. At the time of recording the
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Bitcoin price is $61,750 sats per dollar 1619 block height
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858,115 blocks to having 191,885 having estimate March 25th 2028
11:42
Total Lightning network capacity 4829 BTC.
11:48
That's the equivalent of roughly 298 million U.S. dollars.
11:53
Realize monetary inflation of Bitcoin continuing to take Fiat
11:57
currencies to absolute school only 1.42% and that is going to
12:02
continue to go down forever. Market capitalization of Bitcoin
12:06
is currently sitting pretty at 1.22 trillion and Bitcoin verse
12:11
gold market cap it's sitting at 7.06%.
12:16
In the grand scheme of things, things are just getting getting
12:19
started. Before we get into the news, I
12:22
do want to focus on the video, the Safed Deans video, I do want
12:26
to focus on two topics. We'll explore them in further
12:29
detail on Monday's show, but RFK is expected to announce that he
12:35
is dropping out of the race. No, no, cleared up Nico.
12:38
He officially already did. He officially has dropped out of
12:41
the race, but the other part of that news as it relates to
12:44
Bitcoin, it looks like he it will be and the rumors are that
12:48
he will be in endorsing Donald J Trump for president.
12:52
As you guys know, we've been covering over the last couple of
12:54
weeks, Donald Trump is the pro Bitcoin candidate.
12:58
He has said so many times it's officially part of his policy.
13:02
So you know, as it relates to Bitcoin, you know, just wanted
13:06
to give you guys that news. In other news as well, a lot of
13:10
people don't like Coinbase, specifically Bitcoiners, but I
13:12
got to say this is pretty massive breaking news Shout out
13:16
to our friends at Bitcoin Magazine for breaking this.
13:20
Coinbase customers can now send up to $10,000 instantly via
13:26
Bitcoin Lightning network. Coinbase has over 100 million
13:30
users. So, I mean, I do find it a
13:33
little, a little bit ironic that, you know, the, the, the
13:37
infamous shit coin casino in the eyes of Bitcoiners is doing a
13:43
whole lot for Bitcoin Lightning network adoption specifically, I
13:47
mean, $10,000 instantly over Lightning.
13:50
That's, I don't know if anyone else does that.
13:52
That's pretty massive. Anyways, I do want to get to
13:54
Safedeen's video. I'm going to play it for you
13:56
guys and then Opti and I are going to react to it.
13:59
Let's check it out. It's not optional.
14:01
I mean you will either move there or you will watch your
14:06
wealth lose it's value as the people who put their money there
14:09
appreciate. You know what I mean?
14:11
Just think about it, you know, if you have $1,000,000 and you
14:14
put them in a currency that's constantly depreciating, where
14:16
somebody has $10,000 and puts them in a currency that's
14:20
constantly appreciating, it's only a matter of time until they
14:24
overtake you. And, you know, people are not
14:26
stupid. They will realise this and they
14:28
will want to move forward. So the when I talk, when when I
14:31
talk about Bitcoin adoption, people think of it as being
14:35
like, say, Apple iPhone adoption.
14:38
You know, it's very nice and very cute and then people will
14:41
buy it. But I think that's not the model
14:42
for Bitcoin. Bitcoin is more like gunpowder
14:44
adoption. You know, if you think about it,
14:48
did the, it's whether they decide, no, you know what, we
14:54
like to keep it real with the sticks and stones and swords
14:57
and, and we're not going to use gunpowder.
15:00
If you know, any army that decided to do this, it didn't
15:04
matter because then another army with gunpowder would come and
15:07
take over France. So eventually everywhere in the
15:09
world ended up with gunpowder, either because people adopted it
15:13
or because it was used against them.
15:16
And I think Bitcoin is like that.
15:17
Bitcoin is like financial gunpowder.
15:19
It's the safest way of sending money halfway around the world,
15:23
the most secure way. And it's the hardest money that
15:26
we've ever invented. So it's not something that is,
15:29
you know, whether we should or want to or whether people, you
15:33
know, we try to win people over. And this, you know, This is why
15:37
my book is not marketing for Bitcoin because I don't think
15:39
marketing for Bitcoin matters. At the end of the day, this is
15:41
economic reality. The harder money will will win.
15:44
You know, gold beats silver. And I discussed this in my book,
15:48
not because, you know, there was better marketing for gold or
15:51
there was better propaganda for gold beat silver because of
15:54
economic reality. Gold grew at a much slower rate
15:57
than silver. The value of silver declined.
15:59
And I think this is this is really the, the, the case with,
16:03
with with Bitcoin, I think in the long run.
16:05
So I mean, absolutely bullish from safety.
16:07
And I think there's a take that I've heard him talk about in the
16:10
past, right, where, you know, Bitcoin is going to win
16:13
regardless. You know, it's not a matter of
16:17
should you adopt Bitcoin, it's a matter of necessity.
16:20
And I think this applies to anywhere around the world.
16:23
One of the trends or themes that you hear in American politics
16:27
today. So my God, the American dream is
16:29
dead. No, the American dream is alive
16:32
and well. It's thriving.
16:34
And in fact, it's been imported all the way all around the
16:37
world. If you've been living on a
16:38
Bitcoin standard like I have, like Opti has, like Michael
16:42
Saylor has, like his company has, like El Salvador has, your
16:46
life is getting progress. Everything around you is getting
16:49
progressively cheaper over time. And if if you read Jeff Booth's
16:54
book The Price of Tomorrow, he makes the case that that's the
16:58
way that things should be. Like, the problem is that
17:02
because of the manipulation of money by governments and central
17:05
banks, it's not properly reflecting the the the deflation
17:11
that everyone should be experiencing due to the
17:14
increases of technology and therefore the increases in
17:17
productivity without extra human work hours.
17:20
Right. So, yeah, I mean, I think
17:23
Saifuddin does an excellent job kind of describing it.
17:26
The the fact that he's saying like, look, like this isn't an
17:29
this isn't, this isn't an option.
17:30
This isn't this isn't like an option.
17:32
This is like you adopt it. Like, to put it bluntly, you
17:36
adopt it or you die, you get you adopt it or you get left behind.
17:39
And that's becoming incredibly clear.
17:41
Like apply it to your guys's life.
17:43
Like I promise you that if you are on a Bitcoin standard and
17:49
your friends or your family, they're not on a Bitcoin
17:52
standard, you will be guaranteed in a better position than them.
17:57
Specifically if you guys are making the same amount of money,
18:00
you guys have the same level of education, same amount of thing.
18:03
And if you adopt A Bitcoin standard and they don't, I
18:06
promise you that in four years, you're going to be in a much
18:09
better economic position than they are.
18:12
Right. And one last thing that I'll
18:13
say, because I get this question all the time, which is Nico,
18:16
like, how long does it take? And just from experience and
18:20
just what I've seen like from people is it takes about roughly
18:24
4 years because most people get into Bitcoin when the price is
18:28
going up. So like most people, it's, it's
18:31
really four years. I would say it takes four years
18:34
to start feeling the benefits of moving to a Bitcoin standard,
18:38
and then it takes about eight years to be relatively wealthier
18:43
compared to when you started, right?
18:45
So that's what I've got to say about that.
18:47
I think Safedeen absolutely killed it, like he always does.
18:49
What's your take, Opti? Yeah, I mean, I absolutely love
18:53
this meme of Bitcoin is like gunpowder.
18:56
It's not a matter of like, oh, you can adopt it if you want to.
19:01
I would say it's like a matter of survival.
19:02
And we, we constantly talk about this, this idea that everyone on
19:06
planet Earth has the same problem and we all have a bad
19:09
money. Hence why us Bitcoiners always
19:11
say fix the money, fix the world. 8 billion people or
19:14
however many people are on planet Earth all have a very
19:17
similar problem. And it is the fact that Fiat
19:19
money is broken. And if you don't don't
19:21
understand this, then you will get left behind.
19:23
And this is kind of what we always try to do here on the
19:26
show is find different examples to explain to people so that
19:29
they can relate and understand exactly what the problem is that
19:33
Bitcoin is solving. And it's just the exact thing.
19:35
This is like a matter of survival.
19:37
If you want to be prosperous moving into the end of 2020 and
19:41
into 2030, you need to adopt Bitcoin.
19:44
You need to be saving in Bitcoin.
19:46
And I think this meme of Bitcoin is gunpowder is like one of the
19:48
stronger memes out there because when you understand the
19:52
historical significance of adopting gunpowder or
19:55
transitioning from, say, swords or certain kind of weaponry to
20:00
guns and cannons and stuff, it's very clearly illustrated in your
20:05
mind, like what the stakes are here.
20:08
And we're seeing that there already are companies and
20:11
countries and of course, individuals like you guys out
20:13
here that have already adopted the superior monetary
20:17
technology. And this is what we try to
20:19
explain to most people like it's not an option to own Bitcoin.
20:23
You need to own Bitcoin if you want to be prosperous moving
20:26
into the future. Because as we've been covering
20:28
on the show for I don't even know how long, the last six
20:31
months since Bitcoin, you know, or rather since politics landed
20:34
on Bitcoin's door. There is two options here.
20:37
It is ACBD see slavery dystopia versus a what we would hope a
20:43
Bitcoin more individualistic, more prosperous future for
20:47
people out there. And this just goes to show how
20:50
early we're on the in the game where people still think of
20:52
Bitcoin as like an investment or more of a you know, an option
20:56
like, oh, you know, I don't need that investment.
20:59
I don't need Bitcoin. My stocks and my assets are
21:01
doing well. And once you really understand
21:04
what's going on in the world and how really teetering the
21:09
financial world is, the financial system is, it's like
21:12
it's not an option. You need to have some Bitcoin if
21:15
you want to protect the value that you have already created.
21:18
100% I I I I 100% agree. I love the fact that safety
21:23
brought up like the gunpowder reference just because like the
21:28
gunpowder had such a a huge impact on warfare, right?
21:33
And it, it's just kind of like the invention of the machine
21:35
gun. Like if you take a look at how
21:38
war was fought back in the Napoleonic era or the Civil War
21:43
here in the United States, it was essentially line of men that
21:46
were lined up and they would go and then they would essentially
21:50
it was called linear warfare. And then they would, you know,
21:52
shoot across the other side and, you know, try to kill the other
21:55
guy. When the machine gun was
21:57
invented, they still they still tried that type of warfare.
22:02
But the machine gun was so efficient at mowing down so many
22:05
people that it fell back down to like trench warfare because and
22:10
then they would try to like run and over try to take the over
22:13
the the other trench. But warfare was forever changed,
22:16
right? Very similar to what happened
22:19
when, you know, the nuclear bomb was invented.
22:21
That's kind of the reasons that I believe we haven't had any
22:24
huge world wars since World War Two, because there's this idea
22:28
of mutually assured destruction, right?
22:30
Like if the US nukes Russia, Russia nukes the US and it's
22:34
just like all the cities are just completely destroyed and it
22:37
just kind of doesn't make sense. Like it takes war off the what
22:41
safety Dean is saying in that analogy is like that Bitcoin is
22:44
that consequential in the financial world that if you
22:48
don't adopt it, you essentially die, you get left behind.
22:52
So it's a, it's not an option to adopt Bitcoin.
22:55
It's something that you have to do out of necessity.
22:57
And I think more and more people are realizing by the day that
23:01
economic reality, which is why you have Larry Fink, which is
23:04
why you have Michael Saylor, which is why you have El
23:07
Salvador, which is why you have the Kingdom of Bhutan.
23:10
Which is why you have Goldman Sachs saying they have exposure
23:12
to the Bitcoin ETF. You have large banks in Europe
23:15
having exposure to the Bitcoin ETF.
23:16
You have large banks in the United States announcing that
23:19
they have exposure to the Bitcoin ETF.
23:20
You have the Wisconsin Pension Fund announcing that they have
23:23
exposure to the BTF. You have all these giant, like
23:27
some of the giant, some of the biggest kind of venture capital
23:31
hedge fund companies in the United States, like the vast
23:34
majority of them, except for Ray Dalio's, not yet have exposure
23:38
to Bitcoin, right? Just to kind of give you an
23:40
idea, like Bitcoin is, is, is, it's becoming abundantly clear
23:44
to everyone that Bitcoin is not an option.
23:47
It's a necessity. Anyways, everybody, let's move
23:50
on to the news. The Daily News.
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more. All right everybody, we're back.
24:54
So guys, you want to take self custody of your Bitcoin, not
24:57
your keys, not your cheese. The way that you do that is by
25:01
getting yourself a hardware wall.
25:02
I mean, you could take cold storage in other ways.
25:05
There's like the Yeti protocol, I believe, but it's incredibly
25:08
technically complicated and you can mess up in 50 different
25:12
ways. So I recommend getting yourself
25:16
a hardware wallet and we recommend our sponsor Passport
25:19
by Foundation Devices. It's a completely open source
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Bitcoin hardware wallet. It's incredibly easy to use.
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You could pair it up with an app on your phone called the Envoy
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app, and it makes spending cold storage Bitcoin incredibly easy
25:34
while the wallet continues to remain air gap, so meaning it
25:38
has no connection to the Internet whatsoever.
25:41
All right guys, so let's get to today's topic of the video.
25:45
How much Bitcoin do you need to retire by the year 2025?
25:49
So we're going to start off with kind of different levels of
25:52
Bitcoin. This is something that you guys
25:54
love every time we cover this topic.
25:56
So we have memes, we have numbers, we have graphics, and
26:00
then we'll get to one of my favorite tools called Wen Moon,
26:04
which is developed by a friend of mine called Jimbo.
26:06
Love him as a Bitcoiner definitely is contribute
26:09
tremendous amount to the community.
26:10
So first start, start off with the 1st meme.
26:13
The Bitcoin King is someone that has 21 Bitcoin.
26:16
The Bitcoin Lord is someone who has 10 to 20.99 Bitcoin.
26:21
The Bitcoin Baron is someone who has three to 10 Bitcoin.
26:25
The Bitcoin Night is someone who has one to three Bitcoin.
26:28
The Bitcoin yo Man is someone who has .5 to one Bitcoin.
26:32
The Bitcoin Mercenary is someone who has .25 to .5 Bitcoin.
26:37
The Bitcoin soldier is someone who has .01 to .25 Bitcoin.
26:42
The Bitcoin pleb is someone who has less than .01 Bitcoin.
26:46
And like Saifuddin said, the debt slave is someone who has no
26:52
SAT. Moving on to the next section, I
26:55
think that this meme was created back in 2017 when a lot of these
27:00
numbers were a lot easier to achieve, but the Bitcoin price
27:04
was was a lot lower back then, obviously.
27:06
But anyways, so there's levels to it.
27:08
The suicide stack is someone who has one Bitcoin.
27:12
The the break it stack is someone who has five BTC.
27:16
The make it stack is someone who has five BTC to 10 BTC.
27:22
The generational wealth is someone who has 10 BTC.
27:26
The Princess Dukes is someone who has between 10 and 50 BTCI
27:32
guess the Dukes are someone who has between 50 and 100 Bitcoin.
27:36
The kings have 100 Bitcoin, someone that is between a king
27:39
and an emperor, someone who has roughly 500 Bitcoin.
27:42
And then the emperors are people that have 100 BTC or more.
27:47
And again, this is assuming if you take a look at the meme over
27:50
here, the year of 2028 of the second age 1 Bitcoin is now
27:55
worth $1 million adjusted for inflation.
27:58
So with $1 million, right, one BTC would equal $1 million in
28:02
two days purchasing power, right?
28:05
Obviously $100 million is a lot of money.
28:09
All right, moving on to glass node data, moving away from the
28:12
memes, and this is again, this isn't exactly accurate because
28:17
there are many wall like if you're holding Bitcoin, you can
28:22
have and an basically essentially an infinite amount
28:26
of wallet addresses. So if you're glass note or
28:29
anyone trying to accumulate data, there's no way to like
28:33
there's no way to account for that, right?
28:35
But what they can do is that they can look at individual
28:38
addresses and they can start making assumptions based on
28:42
those individual addresses. So these numbers aren't exactly
28:45
right. There's no way to know that.
28:46
I think that's a good thing and not a bad thing, to be honest.
28:49
So the vast majority of people are the 96.904% and when I say
28:57
vast majority of people, only 2020, only 22 million expected
29:01
are people that have less than one Bitcoin.
29:03
The craps people between what that have one to 10 Bitcoin
29:07
roughly 2.4. Two .455% of people, roughly
29:12
half a million people are people that have one to 10 Bitcoin.
29:16
Octopuses are people that have 10 to 50 Bitcoin and they
29:20
account for roughly 72, 1000 people or .313%.
29:25
The fishes are people that have 50 to 100 Bitcoin, that accounts
29:30
for roughly 11,000 people, or 0.047%.
29:34
The dolphins are people that have 100 to 500 Bitcoin or rough
29:38
or .044 percent, or roughly 10,000 people.
29:43
The sharks are people that have 500 to 1000 Bitcoin, roughly
29:47
.007%, or 1500 people. The whales are people that have
29:52
1000 to 5000 Bitcoin, .008%, and that's roughly 2000 people.
29:59
And the humpbacks, these are the Michael Saylors of the world is
30:02
.001% of the total amount of people that hold Bitcoin and
30:07
there's roughly only 220 of those people.
30:10
Now going to another chart that I like as well, which is the
30:15
BIC, the distribution of Bitcoin wealth.
30:18
Now it goes all the way down to 100%, but we're going to focus
30:23
on the top 5% or more. So according to this data, if
30:28
you want to be in the top 5% of Bitcoin holders, you need
30:32
roughly 4 Bitcoin. If you want to be in the top
30:34
four percent, 5.4 if you want to be in the top three percent,
30:38
7.44. If you want to be in the top 2%,
30:41
you need 10.56. If you want to be in the top 1%,
30:44
you need 15. If you want to be in the top
30:46
.1%, you need 89. If you want to be in the .03%,
30:51
you need 215. If you want to be in the .01%,
30:54
you need 433. If you want to be in the .0 0003
30:58
percent, you you need 2189. And if you want to be in the top
31:02
.001%, you need 7021. And very similar numbers to the
31:09
previous one you need roughly, there's roughly only 250 people
31:13
that fit into that category. Now here's the thing about net
31:17
worth though. And then we'll get to Luke
31:19
Broyles is his chart because this is looking at how things
31:23
are today. But as you guys all know, the
31:27
number is going up forever, Laura.
31:29
So before we get to that, guys, network changes with age.
31:34
Obviously, if you're 60 years old, you've had a lot more time
31:38
to gather wealth than someone who's in their 20s or 30s,
31:43
right? So it fluctuates overtime.
31:45
I'll give you that data in a second, but I like Lukes data
31:49
like Lukes chart the way that he pointed this out right, because
31:53
I think that this really highlights where are the price
31:56
is going like I, I, I let you I, I showed you guys all these
32:00
numbers and right now at 61,776 Bitcoin, you're looking at that
32:06
and you're like Nico, Holy cow, like how will I ever accumulate
32:10
10 Bitcoin? You're missing the point because
32:13
the the best is yet to come in Bitcoin's history as it
32:18
continues to eat essentially like eats all the world's assets
32:24
because it is the superior asset as Seifa Dean was talking about
32:28
in the beginning. And again, this isn't a theory
32:30
anymore. I don't want to say it again,
32:32
but I've listed you you got I've listed all the institutions and
32:36
nation States and public companies that have have come to
32:39
that conclusion as well. We just had a ex president,
32:43
potentially future president, dropping Bitcoin by name, not
32:47
only at the Bitcoin conference, but also at, you know, very
32:51
popular live streams. And he even said it, he said
32:54
that this industry is still in its infancy.
32:57
So you want to look into the future and instead of just
33:01
looking back in the past and being like, holy cow, there's no
33:03
way I'll get to say you're you guys are missing the point,
33:06
right? So this is where Luke's graph
33:08
comes in. I think it's it's really Africa.
33:11
It's it's really it's really it's really interesting.
33:15
Better said, And Luke Broyles is incredibly brilliant.
33:18
I, I believe he's doing content for block Ware these days.
33:22
But you know, he the, when he came on the show, the way that
33:26
he explained it is human beings have a hard time understanding
33:31
exponentials. What do I mean by that?
33:34
So if you take a look at the technological curve of humanity,
33:40
more things have happened in the last 100 years that have
33:45
happened in the previous 2000 years before that.
33:49
And that is what I mean about the exponential.
33:53
You know, the, the, what we taught in Bitcoin circles, we
33:56
talked about the exponential adoption curve.
33:59
We the exponential like technological roll out.
34:03
So I, I think it's very difficult for us to understand
34:07
and fully comprehend. Look, I'll put it to you this
34:09
way. Back in 2010, if I told you when
34:13
Bitcoin was trading at a dollar or less than a dollar or 100 or
34:17
whatever, if I told you that bro, 15 years from now Bitcoin
34:24
would have peaked at 72,000, you would not have believed.
34:28
You couldn't even even have comprehended that.
34:31
Why exponentials? So if I'm telling you and I'm
34:34
looking you straight in the eye and I'm telling you $10 million
34:37
Bitcoin, like it's very difficult to believe Michael
34:42
Saylor's bullish case of $49 million Bitcoin.
34:45
You look at that, you're like, I was even like that's pretty hard
34:48
to believe. So this is where Luke's graph
34:51
kind of comes into play. And he talks about again, kind
34:55
of like the average entities, but instead of looking in the
34:58
past, he looks into the future. So First off nation slash mega
35:03
rich is someone that would have roughly 140,000 Bitcoin.
35:08
Multibillionaire slash nation state is someone that has
35:12
roughly 8000 Bitcoin. A billionaire slash mega
35:15
corporation is someone who has 120 Bitcoin A multimillionaire
35:20
is someone or slash large corporation is someone or an
35:23
entity that has 10 Bitcoin. A millionaire slash company is
35:28
someone. This is where things get
35:30
interesting. Is someone that has .06 Bitcoin.
35:35
I mean, it kind of makes sense. Like think about that for a
35:38
second, right, $49 million Bitcoin in the future and you
35:43
multiply and it's .06. That's almost $3,000,000, right?
35:49
Anyways, moving on, upper middle class is someone who has .008
35:55
BTC. Middle class is someone who has
35:57
.001 BTC. Lower middle class is someone
36:01
who has .0004 BTC and lower class is someone who has .0002
36:10
BTC and poverty is someone who has .00005 BTC or 5000 SAT's.
36:19
Think about that for a second. For you to be a millionaire in
36:22
the future, all you need is 6000 satoshis.
36:28
Gnarly huh? For you to be in the upper
36:30
middle class, all you need is 800,000 satoshis.
36:35
I remember back in the day when Bitcoin was stuck at $10,000
36:41
opti and I remember this at $100 used to be able to buy you
36:45
1,000,000 satoshis. Like those were the days right?
36:48
Like could you imagine that? Like this is insane, right?
36:52
So you know what $600 in the future could essentially get you
36:56
into the millionaire class of the future.
36:58
Like that's that's gnarly. And again, if you don't believe
37:01
me, take a look at what's happened in the past in terms of
37:04
Bitcoin's history. Now let's break down the
37:07
different net worths by age. Actually, you know what, let's
37:13
move on to let's move on to this specifically, which is the
37:17
question that I think a lot of people want answered.
37:19
And my honest to God opinion, and I'm not I'm not the only one
37:24
who's saying this as well. British Huddle has been saying
37:27
this as well. So how much Bitcoin is enough,
37:31
right? I think that's really the
37:32
question and it really depends on your time frame, right?
37:36
So for 2025, we'll, we'll answer, well, you know, based on
37:40
where, you know, Bitcoin's price could potentially be, but how
37:43
much Bitcoin is enough in my personal opinion, for the
37:47
average everyday person if they want to live a prosperous life
37:51
moving forward in the future, I think everyone should have a
37:54
goal to do whatever you can humanly possible while not
38:00
breaking the law to at least get to one Bitcoin that the ability
38:06
for most people to get to that point, that door is almost
38:11
closed because Bitcoin's price is at $61,739.
38:18
But what I will say is I'll tell you guys what I did for the
38:23
first four years that I got into Bitcoin.
38:27
I put 80% of my income into buying Bitcoin for four years
38:34
straight to the point that I would wake up in the morning and
38:37
I would think of different ideas to try to make more money, to
38:41
put as much of that money as humanly possible into Bitcoin.
38:46
So one of the best decisions I've ever made in my life, I was
38:49
getting pressure the almost the entire time You got to go to
38:53
college, you got to do this, you got to do that.
38:56
And for some reason, I don't know, innately, I just like, I
38:59
was like, I think, I think this is the way out.
39:02
Like I think that this is this is this is how you do like this
39:05
is what you should focus on. And now we are times are
39:10
different, right? American huddle give you guys a
39:13
plenty of time with his famous 6.15 meme, right?
39:16
Get to 6.15 Bitcoin and you'll have eternal riches and big
39:22
things. I don't know if I want to say
39:25
that, but anyways, it's like at $61,000 Bitcoin, you know, 6.15
39:33
Bitcoin is pretty hard, right? And for most people, in my
39:37
opinion, back in the day when we first started Simply Bitcoin and
39:41
the price was trading under $10,000, it would have been a
39:44
different story. But you know, time has gone on.
39:47
Now let's look into the future, right?
39:49
Because at the end of the day, what we say in Simply Bitcoin is
39:53
that everyone has to pay their price of tuition.
39:56
In my opinion, in personal experience, that takes four
39:59
years minimum, and it really takes eight years.
40:03
And, you know, the Bitcoiners that I've known that have
40:08
survived or have been around for three cycles tended to, tended
40:16
to, tended to, tended to. Holy crap, did we?
40:24
Yeah, Mika, I didn't want to stop you, but apparently we got
40:28
banned and kicked off YouTube Live.
40:31
So yeah, I didn't want to stop the bit, but apparently our
40:36
YouTube channel got kicked off literally live on stream right
40:39
now. So if you're watching on
40:42
Twitter, they'll follow us on Rumble.
40:45
We'll figure out on what the process we have to do to get our
40:48
channel back because we literally weren't saying
40:51
anything. But yeah, Nico, apparently the
40:54
YouTube just kicked us off right now.
40:56
Damn bro this does not look good.
40:58
But anyways let's continue the show on Twitter.
41:02
Holy cow, how much Bitcoin is enough?
41:05
Michael Saylor's prediction for 2045 is the bear case is 3
41:10
million, the base case is 13 million and the bull case is
41:15
49,000,000. So I mean like I think one
41:20
Bitcoin is more than enough for for that reason anyways, I mean
41:27
kind of laid it out there. Opti wanna get your opinion and
41:31
we might have to cut the show short while we figure this stuff
41:36
out in the background. Well, apparently YouTube didn't
41:39
wanna see the meme review today, so there's that.
41:42
Guys. We had it for you.
41:45
But yeah, lurking on this topic, first of all, you guys love this
41:50
topic. We were getting some really good
41:52
live numbers as this was going. So apparently people absolutely
41:55
love this topic. Personally, if you've heard me
41:58
say this before, I I fundamentally kind of don't
42:01
agree with retirement. Obviously, I do agree with the
42:04
idea of like retiring from a job you don't like, but me and Nico
42:08
really love the idea of working on something that you believe
42:11
in. I think everyone needs purpose.
42:13
So I'm still going to hold firm on the idea that if you can get
42:18
to one coin, hold it for as long as possible, you will be able to
42:22
retire. But obviously by 2025, for most
42:25
of us, you're going to need a good stack of Bitcoin.
42:27
You're going to need somewhere between, you know, depending on
42:29
your lifestyle and depending on where you live, like I would
42:33
say, you know, into the double and triple digits is most likely
42:37
what you will want to have to be able to live off your Bitcoin
42:41
for as long as humanly possible. Obviously, they're still kind of
42:44
maturing as an industry and they're they're like we always
42:47
recommend dumps on your Bitcoin, hold as much of Bitcoin as you
42:50
can for as long as you can. And the industry hasn't really
42:55
matured enough to where you can kind of take loans out against
42:58
your assets like rich people do with like, you know, say
43:01
property in Manhattan stuff. But we're getting there.
43:04
And so if you are young, like, you know, Nico and I, if you're
43:08
a millennial or a zoomer, you probably won't either be able to
43:12
reach to the amount of Bitcoin that you need to actually retire
43:15
in a year. But that doesn't mean that you
43:18
won't ever retire. I think the goal here for anyone
43:22
is to end up with enough savings so that you can work on
43:25
something that you truly believe in.
43:26
So you're not just grinding paycheck to paycheck and, you
43:29
know, living and stuck in the rat race.
43:32
And I think that's the goal for most people.
43:34
I know, I know in our world right now, retirement seems like
43:38
the paradise at the end of the rat race.
43:40
But I think fundamentally as, as men, you know, young men too, we
43:45
need to have something to work on towards our the end of our
43:48
lives. Like I think work is what kind
43:50
of keeps us going, keeps us sharp.
43:52
And so I, I fundamentally don't really believe in retirement
43:55
first and foremost, like I want to do this for as long as
43:57
humanly possible. I want to do something that I
43:59
believe in and that I love for as long as humanly possible.
44:02
So if you are in the Fiat minds and you are dreading every
44:07
single day at work, then of course you're going to have to
44:10
sacrifice. You're going to have to live
44:11
below your means for a little bit.
44:13
Stack as much Bitcoin as humanly possible.
44:15
Make sure you are saving some of the paychecks and the cash flow
44:19
coming in because that's the only way you're going to escape.
44:22
There's it's two things and one, as the Bitcoin price
44:26
appreciates, hopefully you're saving some of that and why
44:29
you're saving build up your skills so that you can increase
44:32
your cash flow so that you can build up the skills so that you
44:35
can make a lot of money. This is how you win is by being
44:38
fit and wealthy. This is how we win the the Fiat
44:42
games going on right now. And of course, Bitcoin is life
44:45
on easy mode. This is the life hack that most
44:48
people are searching for. But then when they come for the
44:51
games, they get caught up in all of the, you know, gambling and
44:53
casino games in the crypto space.
44:56
But it's really about saving as much hard money as humanly
44:59
possible. And that's what the goal is.
45:01
So again, if you're in the Fiat mines, it's going to take a
45:04
little time. If you're a Bitcoiner already
45:07
and you've been holding a lot of Bitcoin, then yeah, maybe you
45:09
can live off your your Bitcoin next year when we hit 6 figure
45:12
ranges. But I really love this topic
45:14
because it really just goes to show that in the Fiat world that
45:18
we currently live in, you do need a lot of cash.
45:21
But when you flip it into Bitcoin terms, it's it's always
45:26
going lower and lower and lower the amount of Bitcoin that you
45:28
need to live a good life. And I think that's the beauty of
45:32
Bitcoin in the 1st place. So A. 100%, 100% All right,
45:36
everybody, we are going to have to cut today's show short just
45:39
because of YouTube literally taking the show off the air.
45:44
We're going to have to try to fix that.
45:45
So we'll be we'll have it back for you guys next week.
45:48
But I do want to give a shout out to our sponsor, the orange
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So download it today, scan the QR code on your screen or check
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the link in the video description.
46:23
All right, everybody, sorry to cut the show off a little bit
46:26
short, but it's, you know, the, the situation, I think, I think
46:30
the situation is, is appropriate for that.
46:33
So we'll see you guys on Monday for.
46:34
Wait, wait, wait, wait, wait before we go.
46:36
If you are on Twitter right now and you're watching us on
46:39
Twitter, make sure you go follow us on Rumble.
46:42
We will be, you know, trying to get our YouTube channel back
46:46
because obviously we literally don't say things on YouTube that
46:51
are opposed to the community guidelines.
46:54
So hopefully we can get this back as quick as possible.
46:57
But in the meantime, if you are on Twitter and you are following
47:01
us on Twitter, if you follow the simply Bitcoin TV, go to Rumble.
47:05
Follow us on Rumble. We will continue the show, I
47:09
guess for now on Rumble until we figure this out.
47:11
But Twitter, go to Rumble, make sure you make an account, follow
47:14
us on Rumble in the in the meantime, because we we
47:18
literally have no idea what's going on right now.
47:21
Yeah, All right, guys. Well, enjoy your weekend and
47:23
we'll see you in the next one. It was brought to you by
47:27
bitcoinwell.com on a mission to enable independence.