$BTC retiree who saved in bitcoins the equivalent of 50 times their annual expenses. Annual expenses amount to €50,000 for a total savings of €2,500,000 in bitcoins (24 BTC).

Years 1 and 2: Sharp bear market. Bitcoin drops 50% by the end of the first year and another 50% by the end of the second year. In other words, the value of their bitcoins falls to €1,250,000 after one year and to €625,000 after two years.

As a result, the annual expense of €50,000 represents 2% of the initial reserve (year 1), then 4% (year 2) and 8% (year 3).

Years 3 and 4: Recovery. The bitcoin market rebounds, rising 100% per year. The bitcoin price returns to the initial level by the end of year 5.

Years 5 to 10: Appreciation of 25% per year in bitcoin (Michael Saylor’s forecast).

Which of the two strategies is more profitable after ten years? Selling part of the bitcoins each year to cover expenses, or borrowing against those BTC which are kept? Knowing that the annual interest rate is painful, at 10%.#ETH走势分析