Title: Analyst Predicts 0.1 Bitcoin Could Be Enough to Retire by 2038 Despite Recent Price Drop
Despite Bitcoin’s recent price drop, HODLers may find comfort in long-term price predictions. According to one analyst on X, 0.1 bitcoin might be enough for you to retire in 2038. He made these calculations based on certain set parameters that focus on the slow degradation of the USD due to heavy central bank manipulation.
According to Rustin of Simply Bitcoin, considering an annual Compound Growth Rate (CAGR) of 50% for BTC and an annual USD depreciation rate of 12%, BTC will likely be worth tens of millions of dollars by that point. So, even with 0.1 BTC, you will have more than a million dollars by that time.
Bitcoin is hovering below $58k at press time after suffering a significant price drop in the last couple of days. To reach the price target of $23 million, the digital currency would need to appreciate by 396 times, or 39600%. This seems far-fetched and is not supported by even conservative estimates from the crypto community.
However, BTC doesn’t need to reach a mind-boggling $23 million by 2038 to make 0.1 BTC feasible for a comfortable retirement. According to Michael Sullivan, a more realistic growth rate for the digital currency is:
Sullivan uses a 30% CAGR rate, which is much more realistic than 50%. Considering this prediction, Bitcoin will be north of $3 million by 2038, and 0.1 BTC will be worth $300k. This is still a comfortable amount of money to retire. Investors can buy properties for passive income and live off of them indefinitely. The lifestyle would be a lot more subdued than the $2.3 million predicted by Rustin but it is on the realistic side.
This is especially true considering your investment was $5800 based on the current price index of the digital currency. But, to some analysts, $3 million per Bitcoin is a generous prediction, while a conservative estimate puts the index around a $1 million valuation.
The future is uncertain, and it remains to be seen just how effective these price predictions will be in 14 years. Crypto analysts tend to overinflate future price predictions to get people interested in crypto, but once in a blue moon, even their bloated estimates can be right.
