How much
#Bitcoin do you need to be above average?
Here is the median net worth for different age groups in the USA:
Generation Z (under 26 years old): $12,200
Millennials (27-41 years old): $85,270
Generation X (42-57 years old): $188,500
Baby Boomers (58-76 years old): $303,200
But what about in
#Bitcoin terms?
Let's do some math!
Shockingly few people use
$BTC as an investment vehicle. It's impossible to get a definitive answer for this one, but here are the rough percentages of net worth invested in Bitcoin and "cRyPtO" for each age group:
Gen Z (18-24): With little disposable income and many debts this cohort has relatively little to invest into savings.
Estimated allocation: 2-4%
Millennials (25-40): Millennials are the heaviest invested in
#BTC
Estimated allocation: 3-10%
Gen X (41-56): Although Gen X are wealthier, they are slower to adopt the orange coin than millennials.
Estimated allocation: 2-5%
Boomers (57+): It's no surprise that boomers are the most conservative when it comes to Bitcoin (you aren't gonna see any
$MSTR in their portfolios).
Estimated allocation: 1%
Now let's apply those numbers to each median net worth and see how many dollars of Bitcoin it takes for you to be "above average" for each of the age groups.
Generation Z: $12,200 x 4% = $488
Millennials: $85,270 x 10% = $8,527
Generation X: $188,500 x 5% = $9,425
Baby Boomers: $303,200 x 1% = $3,032
And finally, translation into
#Bitcoin terms.
Generation Z: $488 = 0.0075 BTC
Millennials: $8,527 = 0.13 BTC
Generation X: $9,425 = 0.144 BTC
Baby Boomers: $3,032 = 0.0463 BTC
This is the amount of
$BTC you need to be above the "median" of your age group based on these numbers.
In other words: We are SOOOOO freaking early.