Bitcoin reached $60k yesterday so it's not surprising to see it drop a bit.
Testing $57k, most people still don't have enough BTC.
0.1 BTC is $5,789.218 USD today, but at 1m is just 100k.
If I want 100,000/year for the next 60 years of my life, I need $6,000,000, or 103.7 BTC. If the price of Bitcoin reaches 1m, then I only need 6 BTC or $347,353.08 today. So how can I get $350k USD?
I need 20 million views on a monetized youtube account, or 70 million streams on Spotify. If I could earn an extra 30k per month then in one year I could buy 6 Bitcoins.
But how much will a BTC be in one year? $200k? $600k?
[historyBTC270721b1] Will history repeat? When BTC rose to 63k and fell to 29k, I asked.
I bought some BTC last December when it was $39,555.00 USD/BTC, but in Canadian it was
$61,890.64 CAD !!
https://peakd.com/bitcoin/@darkflame/i-just-bought-some-bitcoin
Today BTC is $57,892.18 USD or $78,653.71 CAD, so the smallest amount of BTC you'll want to buy today is 0.001 BTC, for $79 plus fees. What a deal! One day, this will be.
Every $10 of BTC bought in 2019 is now worth $500.
Did history repeat? That unexpected double-top in late 2021 wiped out a lot of people.
https://bitcointicker.co/stamp/btc/usd/AllTime/
Since August 2023 the price has just gone up.
Support is also rising after the last Dip to 49k in August 2024.
https://www.bitget.com/trading-bot/spot/BTCUSDT
$57,839 USD on 160924
Do your own research, these are just observations over time.
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