Cryptocurrency news

Charlie Shrem: "just 5-10 bitcoins will change your life in 20 years»

Charlie Shrem: “just 5-10 bitcoins will change your life in 20 years»

Currently, just over 18 million bitcoins have been mined, and the maximum amount of BTC cannot exceed 21 million. Bitcoin enthusiast Charlie Shrem believes that in a few years even 5 BTC can change the life of their owner.

Of course, 5-10 bitcoins is from 45 to 90 thousand dollars at the current exchange rate, and not everyone can afford such money. But, on the other hand, even 1 BTC, in the case of multiple growth, can change the life of the owner.

“The best way to store bitcoin is to hide from 5 to 10 BTC in a cold wallet, and so that you yourself can not get access to them for 20 years. I really think that in 20 years 5-10 bitcoins will be the money that will change your life for the better. Everything else can be spent as you please,” Charlie Shrem said on Twitter.

Recently, the Binance cryptocurrency exchange noted that if you divide the maximum number of bitcoins by the number of people, you will get only 0.003 BTC per person. But a significant percentage of bitcoins have already been lost forever.

“The dollars you work so hard for have less and less purchasing power, and the government keeps saying that “inflation is not enough.” The Federal reserve is a state monopoly on printing trillions of dollars, and you have to believe that this is called “capitalism”, — he said
to Twitter followers, former Congressman and cryptocurrency enthusiast Ron Paul.

Earlier this year, Charlie Shrem said that bitcoin “will survive a nuclear catastrophe”, while banks and paper money will literally burn.