According to Whale Alert, the average profit per BTC is as high as $67,088, at the time of writing.
“The Potential Profit per Token graph shows the potential profit that owners can make per token if they sell at a certain time,” Whale Alert’s website explains. Whale Alert has additional statistics on this metric which can be found here.
To put this in perspective, this is more than the average American salary in 2024, which is $62,027. Imagine watching your savings grow and exceed your annual income just for owning one bitcoin.
Every day, you trade the hours of your working life for money (fiat for most). You are constantly working hard on that currency which is constantly depleting in purchasing power, causing you to work long hours to make ends meet.
But bitcoin turns that dynamic on its head. With bitcoin, you work (trade your time in exchange for money) and watch that money grow in value as opposed to losing value.
People can use that extra purchasing power bitcoin gives them to buy a house or a car, pay for university education, work less and/or spend more time with their family, etc. Your options for how you want to spend your time and money open up. so much because of buying and holding bitcoin, and, to me, that is true financial freedom.
This is just another reason why using bitcoin as a savings vehicle is so important. It allows people to be financially free and secure their future.
And this is just the beginning. In the long run, bitcoin is poised to rise even higher than the current price tag of 100,000, giving investors the opportunity to further increase their purchasing power and therefore allowing them to have more time to follow their passions and interests.
And all you have to do is bitcoin consistently, secure it, and HODL. Even if you don’t hold all the bitcoins, you still gain the ability to improve your purchasing power over time and if you can add to your stack, it will be even more so.
Everyone in the world can now create their own bitcoin storage, watch it grow, and choose how they want to spend their free time.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.
Source link