As the next one approaches halving As for Bitcoin (BTC), well-known analysts and ordinary market participants put forward many theories about what level the price of the most important cryptocurrency will reach and how to join the ranks of millionaires.
BeInCrypto editors decided to use global statistics and calculate how much Bitcoin you need to buy to become a millionaire in the next bull market.
The amount of BTC required depends on the country
Our calculations are based on the following assumptions:
- Bitcoin price will reach at least its previous all-time high of $68,789 and reach $100,000.
- The time interval will be approximately 2 years. This means that BTC will be sold in August 2025 when the Hype is still high, but market participants believe that the asset price can rise even further.
Now let’s look at the net worth that allows you to climb into the few ranks of millionaires for certain countries.
USA
Being a millionaire in the United States means having an average net worth of $2.2 million, according to a survey last year. To do this you need to purchase:
- If sold for $68,789: 50 BTC
- If sold for $100,000: 29.5 BTC
Remember that this is the net value, which is the value after deducting the original purchase. So if you bought 50 BTC for $25,000, you invested $1.25 million. If you sold it for $68,789, you would get $3.44 million.
Net profit would be $2.19 million, or about 175%. If you want to sell BTC at a price of $100,000, you need to buy 29.5 BTC; then the sale amount is $2.95 million and Net profit is $2.21 million or 300%.
Great Britain
According to The Guardian, to be in the top 1% of rich people in England you have to: You must have a net worth of at least £3.6 million, about $4.4 million. To do this, you need to buy 59 to 101 BTC (depending on what price you want to sell them at).
If you’re controlling your appetite and aiming to reach the 5% of UK residents who own assets worth $800,000, here’s what you need to buy:
- If sold for $68,789: 18.5 BTC
- If sold for $100,000: 11 BTC
So you will spend $450,000 and $269,000 and have a net profit of $810,000 and $825,000, respectively.
Spain
According to Statista The average net worth of the richest 1% of the Spanish population is 4.27 million euros or $4.59 million. To be included in this group, you must have between 62 and 105 BTC.
The 95th percentile, or median wealth, of the richest 5% of the population is $712,000. In this case you would need to purchase:
- If sold for $68,789: 16.3 BTC
- If sold for $100,000: 9.5 BTC
It means that If you spend between $233,000 and $397,000, you’ll net $713,000.
Germany
The average wealth of the richest 5% of Germans It’s $522,000.. To be one of them you need:
- If sold for $68,789: 12 BTC
- If sold for $100,000: 7 BTC
Therefore, You spend between $171,000 and $292,000 and make a net profit of $525,000.
South Africa and Nigeria
For residents of South Africa and Nigeria: the 95th percentile is $100,000 which means, that:
- If sold for $68,789: 2.3 BTC
- If sold for $100,000: 1.4 BTC
The cost of buying Bitcoin for $25,000 would be between $34,000 and $56,000 The net profit would be $100,000 or $105,000.
Brazil and Argentina
5% of the population of these South American countries owns assets worth $118,000 To calculate your number, it is enough to purchase:
- If sold for $68,789: 2.7 BTC
- If sold for $100,000: 1.58 BTC
Japan and South Korea
The 95th percentile for Japan and South Korea is $651,000. To be considered a millionaire in these countries you would have to spend:
- If sold at 68,789: 14.87 BTC
- If sold at 100,000: 8.68 BTC
China
But it’s much easier to get rich in China. To reach the top 5% of the rich population it is necessary to own:
- If sold for $68,789: 8.36 BTC
- If sold for $100,000: 4.88 BTC
Therefore, will earn $366,000 and spend between $122,000 and $209,000.
Russia
Only 5% of the Russian population owns assets worth $154,999. To be one of them, all you need to do is purchase:
- If sold for $68,789: 3.52 BTC
- If sold for $100,000: 2.05 BTC
Therefore, to buy Bitcoin you will need to spend between $50,200 and $85,700 The net profit after expenses will be approximately $154,000.
United Arab Emirates
The 95th percentile in the UAE is $830,000, meaning you can be in the top 5% of people in the country if you own:
- If sold for $68,789: 3.52 BTC
- If sold for $100,000: 2.05 BTC
In summary
The amount of Bitcoin needed to be considered a millionaire varies widely and depends directly on factors such as the current value of the asset, personal financial goals, and the cost of living in a particular region.
