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How Much Would You Have If 20% Of Your Salary Was Bitcoin Since 2020?
Consistent long-term investing and holding of crypto’s largest coin can build real wealth for even those with the most modest means
Increasingly, instances of professional athletes or celebrities taking a portion or all of their salary in Bitcoin have become news stories over the past couple of years. The explosion in price of the king of cryptocurrencies has created desire for investors to want to capitalize on its promise. But what would happen if an average person took a portion of their salary in Bitcoin?
Assuming you could take part of your salary in Bitcoin and saved/held it what would you have at the moment? Examining the data from the past two years provides some interesting answers.
Determining what taking a percentage of your salary in Bitcoin would yield as an investment since the start of 2020 required setting up certain assumptions and criteria. For the purpose of this exercise, the following were established:
*Pay periods were determined to be the 5th and 20th of every month- two week intervals.
*Salary was determined at $20 per hour for full-time work, equaling 37.5 hours per week.
