Secondly, it will take a very long time. It took Bitcoin four years to get where it is today. Unless you're the dude with 20million BTS (and are thus already rich) it's going to take a price of 50-100 dollars a BTS to get most of us rich. That would be a market cap in the trillions. To achieve that we need major worldwide adoption.
I'm still not sure I follow your math. If BTS reaches 50 dollars per share that would mean someone with 1 million BTS would be worth 50 million dollars. Surely that is not the lower limit by which you define being rich? At 1 dollar per share, that same person would be a millionaire. At 2 dollars per share, the person with 500,000 BTS is a millionaire. At 4 dollars a share, someone with 250,000 would be a millionaire. At 10 dollars per share, someone with 100,000 would be a millionaire. I have no idea what the value will end up being, although I think dollar parity is not unreasonable at all. All I'm saying is that there's a huge middle area of wealth creation that you seem to be glossing over should the price get up to dollar parity and beyond. I would imagine most people on this board (due to being early adopters) have 100,000 BTS or more. If at 10 dollars everyone on this board would be a millionaire, where do you get the number that it would have to be 50-100 dollars in order to reach that state?
I'm imagining the average holdings of everybody on this board to be lower than 100,000.
Look, it makes me feel better, alright?
Simple facts:
-You need about $1,000 to buy 55,000 BTS as of this writing.
-Let be somewhat conservative and you assume that BTS will only reach the current market cap of BTC (about 5 billion).
-Now assume you have frown those 1K bucks away and you no longer have them.
Following a very conservative investment strategy [that me knowing what you know can formulate for yourself] and pretty much the only assumption being that BTS will appreciate to 5 billion ($2.50/share), when/if it really does you will be a millionaire.
The remaining questions off course are - Does havening 1Mil makes you rich? I do not know. In my view it does not, but most people will also have a very hard time accepting that you are poor.
To make it work in practice it might take slightly more than $1000, and you might end up with $750K. But $1250-$1500 should do it for sure... and if the general premise did not materialize, you will have a loss of 1.5K USD...