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At that rate you will die before getting everything out. A billion dollars really is a lot!
by sudosysgen 5y ago
At that rate you will die before getting everything out. A billion dollars really is a lot!
- floatingatoll 5y agoFifty or sixty years to cash out at that rate, so you might still be alive.
- neogodless 5y agoDepends on your age, but it would take 19 years, 3 months.
- lategloriousgnu 5y agoAre you including the increasing value of the BTC in that calculation? I imagine if all goes well, it would be worth a lot more than what it is today in 19 years. It might be impossible to ever withdraw the whole thing at that rate.
- neogodless 5y agoHa no. Thought of that but didn't want to deal with the complexity. Ultimately a fine problem to have.
- sudosysgen 5y agoI was running with the 12 billion dollar number, but yes a billion would take 19 years.
- nearbuy 5y ago19 years to take out $1 billion. 230 years to take out all $12 billion.
- pmorici 5y agoHas there ever been a billionaire that managed to “spend” all their wealth before dying?
- romanhn 5y agoYes, Chuck Feeney: https://www.bbc.com/news/uk-northern-ireland-54300268 https://www.bbc.com/news/uk-northern-ireland-54300268