Bitcoin's Purchasing Power

Today on CNBC, VanEck’s Matthew Sigel discussed a Bitcoin price target of $3 million by 2050, which translates to a CAGR of around 16%. By comparison, my 401k funds often highlight the S&P 500’s 9% CAGR over the past 40 years. So, while the idea of Bitcoin reaching millions might sound unbelievable, it’s actually a highly plausible scenario.

I once jokingly asked a 9-year-old what he would do when he starts earning money, and his immediate answer was, "invest". When I asked what he would invest in, he replied, "Bitcoin". His parents have never purchased Bitcoin, so he likely heard of it from friends, internet or TV. Imagine a younger generation growing up with an awareness of Bitcoin and seeing it as a viable path to building generational wealth..

The world’s third most valuable company, Microsoft, is currently voting on whether to invest in Bitcoin. I think it's reasonable to expect that Apple, Amazon, Google, and Meta might follow suit sooner or later.

I invested my life savings into Bitcoin back in 2021. Despite the volatility, I've never sold my bitcoin. Today, my holdings have more than doubled, an achievement I couldn’t have imagined without Bitcoin. So keep holding your Bitcoin, my friends!