Let's assume that the price of Bitcoin is going to hit $10,000 by the weekend. I think at that price I would probably need about 3000 Bitcoin to comfortably be able to quit my job. Here is my reasoning.
3k BTC at $10,000.00 per coin would equal about $30 million dollars. If you are not doing some kind of back alley deal, you are going to have to assume that the government is going to take at least 30% as their cut for taxes. That equals about $9,000,000 leaving you with about $21,000,000.00.
Let's now assume you take that 21 million and you put it in a savings account that only gets 1% interest. That is going to give you about $210,000.00 (in interest) a year to live off of which is more than I make now and it is probably more than enough for the majority of people living in the United States let alone the rest of the world.
The reality is, with the amount of money you would be investing, you are probably going to get much more than a 1% return on your investment. Even if you put it into something more stable than the stock market you are most likely going to be getting closer to 4% or 5% which now bumps you up to about $1 million per year which again is quite a bit more than enough for most everyone in the world to live off of comfortably. I guess it just depends on where you choose to live.
I don't have much inclination to change my lifestyle though, so those numbers would work quite well for me.
I would never quit something trading it for Bitcoin. It is just too much of a gamble where your work gives you the opportunity to save and buy your own Bitcoin.
Bitcoin will be worth a small fortune in the future and if we had all been smart and spent $1000 a 10 years ago we could be seriously rich today. I wouldn't like to be relying on Bitcoin solely as my source of income as there are going to be many ups and downs before it stabilizes.
I don't think you could out a number on this as Bitcoin may be $8000 one day and 6 months later $3000 so I think buying your own Bitcoin and still working is the smartest way to look at this question.
666, that's the number of the devil
I only need at least 6 Bitcoin to quit my job and live a simple life in the countryside. If you send me now I quit my job immediately 😁 here's my Bitcoin address: 1LaaXVXGCJzkQMAqkoXGPVX3HpprxNFTKe
I will never quit my Job until and unless if i feel lots of stress and i am not enjoying my work. the reason behind it keep working keep us healthy. After fulfill my need with bitcoin i will do some social work and charity.
This Dutch guy did in early 2017 when BTC was around $1,000 - 2,000 and they've been living off BTC since. He mentions in this article (see link below) that they sold everything car, house etc. and went all in for more than 100K but less then 1ML. So let's say they got 500 BTC at the time. I'd say that would do it for me as well. Now if anyone has 5ML I can access please :)
See the article here;