Experts have many views on achieving financial freedom with Bitcoin (BTC). Here are the key views from experts:
1. Long-term investment strategy: Many experts advise that holding Bitcoin for the long term (hodl) and using a dollar-cost averaging (DCA) investment strategy can help achieve financial freedom . This strategy involves periodically purchasing a certain amount of Bitcoin without regard to the current market price, helping to minimize risks from short-term price fluctuations.
2. Amount of BTC needed: To retire early, some experts suggest that you need to accumulate enough Bitcoin to meet your annual living expenses for 25 years. For example, if your annual living expenses are $50,000, you need about $1 million. Based on BTC price predictions, some experts believe that you need at least 1 BTC to reach this goal if the BTC price reaches 1 million USD in the future.
3. Ownership and safe storage: Keeping ownership and storage of Bitcoin in a cold wallet is important to avoid risks from intermediary exchanges. Using a cold wallet helps protect assets from fraud and loss of control by third parties.
4. Economic freedom: Bitcoin is seen as a means to help promote economic freedom, especially in regions with unstable financial systems.
