Considering switching to a Bitcoin Standard?

Find out what your net worth would be if you converted all of your income into Bitcoin.

Educational model, not legal, tax or financial advice.

Debt collection, foreclosure, exemptions and bankruptcy rules vary by state and by case, and the model simplifies all of them. In a Chapter 7 bankruptcy, bitcoin is generally not exempt: above your state's (small) wildcard exemption the trustee can take it. Walking away from debt has real costs (collections, lawsuits, garnishment, years of credit damage, taxes on cancelled debt). Talk to a bankruptcy attorney or a nonprofit credit counselor before acting.

Start from a typical American

Fills in a group's real take-home pay for each year (U.S. Bureau of Labor Statistics) and its saving rate. Everything stays editable.

Yearly take-home income

After tax: what actually lands in your account. Each paycheck is converted to BTC.

Expenses

Monthly expenses

Paid from your cash buffer first, then by selling BTC.

Pay frequency

Starting capital

Cash on hand at the switch. Everything above your cash buffer is converted to BTC at that day's close.

Cash buffer (USD)

Part of your starting capital kept in dollars and spent before any BTC; 0 = all of it becomes BTC. One-time: paychecks don't top it back up, they all go into BTC.

Starting BTC holdings

₿

Bitcoin you already own (kept in both scenarios).

Advanced: cost basis of starting BTC

Cost basis ($ per BTC)

Leave empty to use BTC's close on the switch date ($29,413).

Date of switch

Between Jul 20, 2015 and Sep 9, 2026 (the BTC history we have).

Lot method (which BTC is sold first)

Runs FIFO and HIFO and shows whichever ends with more after tax.

Taxes: US federal, single, $60,000 other income

Filing status

Other taxable income (per year)

Your wages etc. after deductions (e.g. salary minus the standard deduction). Only used to find the brackets your BTC gains land in; that income's own tax is already out of your take-home pay.

State tax on gains

A flat % of net gains; 0 for no state tax.

Net Investment Income Tax (3.8%)On gains above $200,000 of income ($250,000 married).

Each year's tax is paid on April 15 of the next year by selling BTC. Not tax advice.

Years to project

0–30; 0 = to today only

Projected years

BTC growth %/yr

Raise %/yr

Only matters for targets and goals after today.

Your debts

No debts yet. Add what you owe at the switch date (mortgage, car, student loans, cards...), or a loan you're thinking about taking.