At that rate, how many BLURT would someone need, to earn $50,000 a year at current prices?
RE: Manually calculating Blurt's interest rate
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Manually calculating Blurt's interest rate
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50000 USD x 1 BLURT/0.0028 USD = 17,857,143 BLURT
To earn 17,857,143 BLURT in 1 year at 2.17% interest, it would take a balance of 823 million BLURT.
I only have 822 million BLURT to go!
Wow! That's a lot of BLURT. Somewhere around the entire supply, I think.
But that's to earn 50k a year, doing absolutely nothing but cashing it in and spending it.
You'd need $2.3M worth of BLURT to do that.
In other words, some random crypto millionaire could load up on BLURT tokens, then live off the passive income generated. That's not absurd to imagine. And it would really boost the price, too.
Speaking of the price, that's likely the major factor for investors, not the interest. For example, BLURT could have a +300% year, easy. It could also have a -50% year. The 2% interest is probably a minor consideration for most holders.