Can bitcoins really makes us rich ?

[Sotherefore]

Bitcoins was the first cryptocurrency that was invented by satoshi nakamoto in 2009 and ever since then it has grown massively, The all-time high of bitcoins ever since it invention is $69000, the current price of bitcoins is $48000 which really shows there is a progressive depreciation in price of bitcoins generally because of some factors.

Bitcoins has the highest market cap in the overall crypto space , it is estimated to be Over 1 trillion dollars . And as a result of this it might really be very difficult to see bitcoins increasing by 100% anytime soon because for this happen we we have to see the market cap of Bitcoin Doubling its current one and this is almost impossible within a short time since it is not easy to double such easily.
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At the same time there are cheap and upcoming cryptocurrency with a low market cap , in this case there is a high possibility for you to see these cryptocurrency increasing by 50% to 100% within a short period of time, this is easily achievable because they are able to double it small market cap within a short period of time.

Base on the inability of bitcoins to increase by 100% or 200% anytime soon , do you really think bitcoins can make us rich compared to smaller coin with a low market cap ?

 

[Ithedicious]

Well bitcoins is already at the highest level now , even though there may be a huge possibility that it will continue a constant uptrend in the future . people who are investing in bitcoins now may not likely be able to generate enough profit as when bitcoins was just few dollars so many years ago .

Considering the fact that bitcoins has a very huge market cap , its may not actually be possible for us to see the price of bitcoins at a reasonable price or any obvious increase because of the huge market cap it has accommodated .

That does not really mean that people should not be investing in bitcoins but what we have to understand is that bitcoins might not likely make us rich , There are some other cryptocurrencies that can have the possibility of making us richer .

I will suggest that people should rather consider investing in alternative coin because those are the most profitable coin ones and a lot of investors are becoming more attracted to the alternative coin and also the non fungible token which is the new technology in the crypto space and more people are beginning to adopt this new technology .