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Sminston With 👁

@sminston_with

We're in the process of reverting to Bitcoin's nominal price path a la power law. - - - Turns out it dramatically affects the standard "15% rule." Fidelity and Dave Ramsey both say to save 15% of every paycheck from age 25 and you'll retire fine at 65. With Bitcoin, it's only 2.7% 👀 - - - I ran the numbers as if saving ONLY in Bitcoin (power law growth) instead of an index fund at 10%/yr growth. The share of pay that lands on the SAME retirement nest egg by the SAME age: Age 35....6.1% of the paycheck Age 45....3.7% of the paycheck Age 55....2.9% of the paycheck Age 65....2.7% of the paycheck Again - each 5-year marker is a hypothetical 'retirement year' depending on the existing nest egg or income vs expenses for an individual. 15% vs 2.7% for a full standard career. Bitcoin needs less than a fifth of the paycheck. Imagine as a young guy, early in your career, only needing to sock away $225/month vs $1,250/month? Life changing.