To be honest with you, I personally feel that the question would have made more sense if it was asked when bitcoin was still perhaps; valueless, or much more lesser in value like lets say between $5 to $10 to $20.

The price of bitcoin is currently $58k+, with an all time high of over $70k, $58k when converted to my country's local currency using today's exchange rate is around 94 million, this amount is already a generation wealth money for so many people, especially those those will know to manage money in the sense that through this money, they can establish worldclass businesses and business empires that will ensure that money never stops flowing into their accounts even after they are gone (dead).

So, imagine using this amount of money to buy 1 bitcoin and asking if the 1 bitcoin can make you a generational wealth, when more than 60 percent of the world population already can't even afford to buy half of that..

It may, it may not.
Just owning 1btc is not enough to create generational wealth,  the main issue is the ability of the owner to allow that 1btc to multiply. One major challenge with investments meant to serve as a generational wealth is mismanagement of the investment. A person who owns 1btc today and suddenly becomes so impatient and begins to spend heavily from that same investment which is meant to serve as a generational wealth, will leave nothing or very little for the next generation. Even if the holder of the 1btc successfully multiplies that 1btc and transfers it to the next generation who does not know how to manage that wealth, everything might be gone so quickly.

A generational wealth requires a person with discipline to be able to manage it well and pass it further to the next person.

From a third world country here and if we consider the price of bitcoin now, no it’s not enough to make generational wealth. In fact it is almost not enough to survive off of one year if you are a family with more than one kid.

However you could use it in the future and see how much it can go. Maybe then it’s enough.

Yes off course 1 BTC can generate more than your expectations because now those that purchased BTC since is still in lower price those people have become of something today since it has multiply in what they didn’t expect, so in this case I will say that owing 1btc can make a huge generation accept he give the owner of that 1btc short periods of time.

Because a lot of people of people have try it and they succeed and that’s all about life sometimes if you don’t take risk you will never succeed, but not all human beings comprehend the word all their thinking will be based on how they want take pay back the 1btc and with time everything will become a surprise with huge profits.

One Bitcoin is a whole lot of money. If someone from a country has less value in their currency compared to the US dollar and owns one Bitcoin, he can be wealthy if he manages it very well. Keeping one Bitcoin for 10 years will yield a potential profit that he could not imagine. However, for someone in the US, it does not make much of a difference because owning one Bitcoin is not much of a big deal for an average person. If they want generation wealth, they need to own 10 Bitcoins and hold it for a long time.

I think we need to be realistic with this mathematics, Bitcoin will grow no doubts about that but have you also considered the holders age and when the maturity will come? Don't forget that there is unforeseen circumstances that can happen later, we have seen Bitcoin lost hope from $20k to $3k one time because of policy change, we don't know what political environment of Bitcoin will says tomorrow if another person assume the office of the government or if they decide to regulate it.

I know for sure Bitcoin is going to reach some fiat price that can give a generation wealth but that's not going to happen over night. What is even the assurance that we might stay alive to that time to experience such price. Imagine seeing Bitcoin or anticipating the price to go as high as $500k and we think that can happen over a night? That I'm not sure about, it's a long journey any diamond holder need to be prepare to see.

I don't think that in 10-20 years, bitcoin will have a huge value to create generational wealth. The higher the price of bitcoin, the harder it is to increase the multiple of the profit you get. The wealth in bitcoin was made by early investors because they could make x100-1000 profit by buying for a few cents.

The BTC-community will not approve of such actions with bitcoin. Just hodl.!

Why buy this junk (except for real estate, if you live in it), when bitcoin shows higher profitability.


Will it be considered a wise investment if it converts bitcoin to

You can also pass on bitcoin to your children.

Having 1 btc will be enough for the poor people, but for the rich 1 btc (~$60k now) is a trifle.

According to several predictive models Bitcoin could be worth several millions of dollars within the next few decades. These predictions don’t come from random crypto influencers but from well known investment firms like Van Eck, which predicts a Bitcoin price of $2.9 million by 2050. If we look at past trends, this is certainly within the realm of possibility. Even if it only gets halfway there, that could still make you generationally wealthy depending on your circumstances. At the very least, it is enough to live a very comfortable life.

I do not think that it would be "generational wealth" though, I understand that it will make a lot of money and you will be of course rich there is no reason to keep doing this and we should consider the situation to be a sensitive thing and we could probably see the difference.

The thing is that "becoming rich" and "having generational wealth" are very different two things and while one is true the other is not. Generational wealth means that your kids and grandkids will not have to work and they can just survive from the money you leave them, and if you just have one bitcoin that's not enough, first of all you would have to sell it to survive, secondly it will end way too quickly, you can't even wait for that long.