$BTC WHAT IF AMERICAN WEALTH WERE MEASURED IN BTC?
Using a fixed Bitcoin price can make the numbers look surprisingly simple.
But there’s an important catch:
A net-worth threshold measured in BTC changes every time Bitcoin’s dollar price changes.
If a household has $1 million in net worth, that represents about 11.8 BTC at an $85,000 Bitcoin price.
At $170,000, the same $1 million would equal only about 5.9 BTC.
The household didn't become poorer.
The BTC measurement changed.
That’s why converting U.S. wealth percentiles into Bitcoin is more of a thought experiment than a permanent definition of being rich.
It also shows something important about Bitcoin:
As the BTC price rises, the amount of Bitcoin needed to represent the same dollar wealth falls.
Bitcoin can change the measuring stick without changing wealth.
Using a fixed Bitcoin price can make the numbers look surprisingly simple.
But there’s an important catch:
A net-worth threshold measured in BTC changes every time Bitcoin’s dollar price changes.
If a household has $1 million in net worth, that represents about 11.8 BTC at an $85,000 Bitcoin price.
At $170,000, the same $1 million would equal only about 5.9 BTC.
The household didn't become poorer.
The BTC measurement changed.
That’s why converting U.S. wealth percentiles into Bitcoin is more of a thought experiment than a permanent definition of being rich.
It also shows something important about Bitcoin:
As the BTC price rises, the amount of Bitcoin needed to represent the same dollar wealth falls.
Bitcoin can change the measuring stick without changing wealth.
