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How to Retire on Crypto
$50K invested today–what it could be worth in 2030 (a theoretical study)
0:00 Intro
0:30 Disclaimer The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
1:00 I had a quick look at YouTube today – wow
2:.00 Crypto Market Cap went from $1T in Jan to 2.6T in April down to 1.12T this morning
Up 1.6x down 57% Oh yeah and another death cross is coming 😀
3:45 Dips
4:00 Total Market Capitalization Dominance, %
5:00 NEW Crypto Heatmap – InvestAnswers Token Analysis Framework
6:20 The Chosen Crypto Tokens
7:00 Crypto Portfolio Allocation Today June 22, 2021
ETH and BTC make up 82% of the total portfolio. 18% was allocated to 8 other names avging 2% each. Note tap dancing. Be ready to switch.
7:40 Robert Breedlove Bitcoin Price Prediction 307K in Oct 2021 12.5M in 2031
8:30 DISCLAIMER And everybody here remembers this is a transformational time but there is always risk so only invest what you can afford to lose.
8:55 Where is the beef Where’s the Beef Tofu?
9:00 What a $50,000 Crypto Investment today gets you in 2030 – more than 1.3 Million Dollars
For this model, I took an arbitrary $50,000 because people come to me every day saying if I have 5000 to 10,000 200,000 to 5 50,000 and here is remember also very important to keep your tap-dancing shoes on because everything changes all the time. The key takeaway from the slide is $50,000 could be worth 1.3 million in the year 2030 that’s less than nine years from now period it’ll enable you to spend 2.7 million over the next 25 years and I assume 6% stake in income with 3% inflation
Monthly Expenses
$6,598
12:47 Crypto required today to retire in the Cayman Islands in 2030
Cayman Islands Monthly Exp
$7,918
Now here are my country by country breakdowns. As usual some of the assumptions here I took triple the average salary and modified it for some cost of living and purchasing power adjustment – Model also assumes 3% inflation and 6% return on investment which could either be sticking returns or capital appreciation which are both quite conservative period.
This is the breakdown of 1.1 for bitcoin period by the way I chose Cayman Islands because I am a big Raoul Pal fan and he lives there and it’s a very expensive place – BUT you can use these as benchmarks for other expensive places on Earth or expensive cities.
14:42 Crypto required today to retire in the USA in 2030
USA – 5600 a month to live on. Remember this would not be living in Manhattan or San Francisco same deal 6% stake in or appreciation and inflation period total spend $2.35 million.
15:55 Crypto required today to retire in Australia in 2030
Monthly Exps
$5,517
Australia very similar to US cost of living but this can change. The Australian currency can skyrocket is the price of commodities skyrockets period so bear that in mind
17:20 Crypto required today to retire in El Salvador in 2030
Monthly Exps
$1,965
El Salvador a new crypto-friendly location with beautiful beaches and a very low cost of living but then again I assumed here for this cost of living that the monthly spend is about just under $2000 a month and same assumptions as before period
What is uncanny about this from the numbers that came out is 0.28 period this is a special number in the bitcoin world period many believe it’s all it takes to retire – if you own 0.28 BTC “you’re statistically guaranteed to be in the richest 1% of the world in BTC terms.”
19:20 Crypto required today to retire in India in 2030
Monthly Exps
India last time I made my retirement in theory and video I had a lot of complaints from my people in India that I didn’t do India so here we are.. in the past I was not covering India because the government had threatened to burn bitcoin and crypto but now they’ve changed their mind again so always bear that in mind when you think about a future retirement location period it’s important to be in a crypto-friendly country.
21:00 Costa Rica
Costa Rica A very retirement-friendly country that is also representative of a good safe place for Westerners with a cheaper standard of living but not that cheap period here you can live on $3400 a month in the year 2030.
21:45 Conclusion Part 1
Transformational time
22:00 Conclusion Part 2
It could all blow up
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