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Simply Bitcoin
How Much Bitcoin Do You Need to Retire by 2028? | EP 1111
Nov 4, 2024
Ron Paul, the former US Representative known for his libertarian views, shares his insights on Bitcoin investment strategies and retirement planning. He discusses how much Bitcoin one might need to retire by 2028, emphasizes the importance of self-custody, and examines the implications of upcoming elections on the crypto landscape. The conversation also touches on MicroStrategy's bold Bitcoin strategy, the moral complexities of monetary control, and the cultural responses to government overreach. Paul's legacy in advocating for liberty and Bitcoin shines throughout.
01:10:03
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Quick takeaways
- To retire comfortably by 2028, one might need approximately 8.3 Bitcoins at a projected price of $300,000 each.
- The optimistic potential of Bitcoin emphasizes that with a 29% appreciation rate, retiring with just one Bitcoin is feasible by 2033.
Deep dives
Calculating Bitcoin for Retirement
The discussion centers on how much Bitcoin one needs to retire by 2028, utilizing tools such as the Wen Moon Calculator and Michael Saylor's calculator for context. The commonly referenced 4% rule for retirement suggests a need for about $2.5 million to withdraw $100,000 per year, a figure many find daunting. In contrast, the conversation shifts to what this equates to in terms of Bitcoin; assuming a potential average Bitcoin price of $300,000, about 8.3 Bitcoins would be required, which is over half a million dollars at current values, highlighting a significant disparity between traditional fiat retirement plans and Bitcoin-based models. Overall, the implications present a more hopeful perspective for future Bitcoin accumulation and investing.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode