How Much Bitcoin Should You Have By This Stage In Your Life?
Broken down by Age.
If you have found my page, here on Bitcoin Basics, you are probably aware by now that Bitcoin is the most scarce asset on earth. So it only makes sense that every individual’s goal in life should be to acquire as much Bitcoin as possible while they have the energy to work before they reach retirement age.
They say that comparison is the thief of joy, but, the price of Bitcoin is up this month, so let’s have some fun.
First things first, lets start by taking a look at the Median Family Net Worth by Age. Data from Statistics Canada has found that the average Economic Family, meaning the combination a Husband and a Wife in a working unit.
The first thing that is noticeable is that the median net worth under 35 years old seems very low. If it seems low to you, that is a good thing, it means that you are ahead of your peers. At a young age it is easiest to get ahead. As you get older it takes a lot more wealth to stay ahead.
The oldest generation have had the longest amount of time in the market to accumulate assets, they have bought their home and have since paid it off, they have reached the peak earning years of their careers. Most importantly, they’ve benefitted the most from the 8th Wonder of the World, compound growth.
