Why Having 0.01 BTC is a Big Deal

Lark Davis

Introduction to Bitcoin Investment

Having 0.01 Bitcoin won't make you rich, but it's a start. With 0.01 BTC valued around $1,000, it's an achievable goal for the average person.

Achieving 0.01 BTC

  • The average hourly rate in the USA is $28.
  • Working 35 hours can earn you enough for 0.01 BTC.
  • Alternatively, setting aside $28 a day for two months can also achieve this goal through dollar-cost averaging.

Long-term Wealth Building

  • Dollar-cost averaging teaches discipline and is a simple way to build wealth in crypto.
  • It's not necessary to study market cycles or theories; just keep buying Bitcoin.
  • Consider saving in Bitcoin instead of fiat to increase value over time.

Tax Efficiency

  • Using a crypto IRA provider like Itrust Capital can help avoid taxable events.
  • This can have a significant impact on long-term wealth building.

Bitcoin's Potential

  • According to Arc Invest, Bitcoin could be worth $3.8 million by 2030, making 0.01 BTC worth $38,000.
  • MicroStrategy predicts a potential $13 million Bitcoin by 2045, which would make 0.01 BTC almost worth half a million dollars.

The Bitcoin Game

  • It's not a get-rich-quick scheme, but a long-term investment.
  • Having Bitcoin is about slowly grinding until you make it.
  • Aim to accumulate more Bitcoin; it's a scarce asset with a potential huge upside.

Conclusion

  • Having a fraction of Bitcoin could be a big deal due to supply and demand.
  • Bitcoin is expected to keep increasing in value, potentially becoming more important than oil and gold combined.
  • Keep stacking diligently and understand the big picture to someday achieve financial freedom.