according to Whale alertThe average profit per Bitcoin has reached an all-time high of $67,088, at the time of writing.
“The Potential Profit Per Token graph shows the potential profit token holders could make for each token if sold at a specific time,” the Whale Alert website explains. Whale Alert has other calculations to be found around this metric here.
To put this into perspective, that’s more than the average American salary in 2024, which is $62,027. Imagine watching your savings grow and outpace your annual salary just for owning one Bitcoin.
Every day, you trade hours of your working life for money (cash work for most people). You are constantly working harder to obtain that currency whose purchasing value is always decreasing, making you work longer hours to compensate for this.
But Bitcoin turns this dynamic on its head. With Bitcoin, you work (trade your time for money) and then watch that money grow in value rather than lose value.
People can then take advantage of the additional purchasing power that Bitcoin provides them to buy a house or car, afford college fees, work less and/or spend more time with their family, etc. You have open choices about how you want to spend your time and money. Much more as a result of buying and holding Bitcoin, and to me, that is true financial freedom.
This is just another reason why it is important to use Bitcoin as a means of saving. It allows people to become financially free and secure their future.
And this is just the beginning. Over time, Bitcoin is expected to rise above its current price of $100,000, giving investors the opportunity to further increase their purchasing power and thus allowing them more time to pursue their passions and interests.
All you have to do is keep Bitcoin, secure it, and HODL. Even if you don’t own a full Bitcoin, you still benefit from the dynamic of improving your purchasing power over time, and the more you can add to your collection, the more this will be the case.
Every person on the planet can now create their own Bitcoin reserve, watch it grow, and choose how they want to spend the time they have freed up for themselves.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.