Blows my mind that just 10 years ago BTC was ~$600. Before that, it was practically pennies. I had over 100 BTC at one point back in 2011-2012 when it was less than $1. We had a sandwich shop in our office park that took BTC as payment, and I’d spend it like it was a casino chip. I sold my remaining 3 BTC when it hit $1500 thinking, “It’ll never go higher than this.”
Ouch! That will always be a painful memory.
100 BTC = $7.1 million - Pre-Tax
Minus 20% Long Term IRS Capital Gain.
$5.6 million take home pay.
Washington state has a 7% Capital Gain tax now on profits over $250K.
Invest $2.6 million in short term US Treasury Debt.
Invest $1.3 million in SPY (S&P 500).
Invest $1.3 million in QQQ (Nasdaq 100).
Enjoy a secure upper middle class life style for the next 50 years.
Unless you are married with children - which means you will DEFINITELY be going back to work!