I would hazard a guess that it is mostly
unachievable for the majority at this stage.
Is it though? I mean, at current value that's what you'd expect to earn from a yearly salary right? Obviously, not on minimum wage, but I believe the average wage is just below that. I don't know exactly in the US, and what the US dollar equivalent is, but I do believe the UK is around 24k, which would be around about the price it's at now.
So theoretically, those that can offer their services for Bitcoin, just as they do with fiat could earn similar amounts. I don't think it's unachievable at the moment. If we see the price increase to upwards of $100k, that's when a lot of people will be priced out, well of owning one BItcoin anyway. Not that it's important, just interested why you'd think something which could be achieved in a year by many, would be unachievable. Even earning half of that, it would take two years. Obviously, the fluctuating costs of Bitcoin might go against you, but I imagine we'll be at a rather low point for a while.
Yea anyone could work for Bitcoin instead of FIAT but its another thing holding on
to the earnings, bills have to be paid etc. so after 1 year of earning Bitcoin instead
of FIAT there wouldnt be much left especially in the current economic climate
of rising cost of living.
is it possible to earn £24k per year in Bitcoin along with your regular FIAT salary?
Compare ourselves living in western european countries to weaker economies where
the average wage is far less.
From my own standing there wouldnt be a hope for me to buy 1 bitcoin at current rate
of ~$30k and I havent been
able to save $30k in the last 30 years.
But I agree that in the very near future it will be more unachievable as the price
rises past $100k
