Actually, this idea was intended for discussion last October, when Bitcoin hadn't yet broken $70,000. As a result of delays, it has now surged past $120,000. However, let's use the benchmark price of $55,000 (approximately 400,000 yuan) for 2024 to do the calculations.

Why do people say that you might not be able to spend even 1 Bitcoin in this lifetime? Let's do a hypothetical little experiment using historical data. Just take it as a joke, don't take it as investment advice.

Imagine yourself in 2017, after careful consideration, deciding to take 10,000 yuan to buy 1 Bitcoin and set it aside as a store of value. You make a pact: do not touch it for 5 years. After buying it, you stuff it into your wallet, keep the private key safe, and don't look at the price fluctuations.

Five years have passed. Starting in January 2022, you set a rule - to sell the equivalent of 3000 yuan worth of Bitcoin each month for expenses, operating on the 1st of every month. (There is indeed a sense of coincidence, as I happen to have the Bitcoin price data for the 1st of each month.)

The table speaks for itself:

From January 2022 to November 2024, a full 3 years. You sold a total of 0.46 Bitcoin, exchanged it for 105,000 yuan, and still have 0.54 Bitcoin left, with a current balance of 340,000 yuan.

Refine the numbers for easier subsequent deduction: In 2022, you used a total of 0.191 Bitcoin; in 2023... (data is still being collected)

Here's the interesting part. A 5-year lock-up period helps you avoid various temptations and fluctuations. The subsequent 3 years of quantitative selling allow you to experience the real returns of holding assets long-term. More importantly, by the end of 2024, you will still have more than half a Bitcoin in your hands, which is worth 5 times what you initially invested.

It is important to understand that even if you continue this pace every month, based on the current book value of 340,000, it will take you more than ten years to spend this 0.54 Bitcoin. Moreover, this does not take into account the possibility of Bitcoin appreciating further over these years.

This is why it is said that those who have seriously bought Bitcoin and held it for the long term may never spend all of it. It's not some complex theory, just the simple power of time + persistence.