Mika
VIP Contributor
One of the primary reasons why common people are investing in crypto is because they believe crypto can make them rich. Well, there is nothing wrong with this though because this has happened in the past and we have seen a lot of people becoming rich by investing in crypto. We even heard of people who became millionaires by investing on something like Shib Inu. So, the question how much money do you need to invest in order to become a millionaire?
If you look at the Bitcoin price history, you will see Bitcoin gains value by 10 X once the bear market ends. In other words, for every bull run, bitcoin gain value by 10 X. So, if you want to invest in Bitcoin and become a millionaire how much money do you need to invest now? The current price of bitcoin is around $23k. If you want to have $1 million worth of Bitcoin, you will have to invest at least 0.5 BTC right now and 5-10 years from now, you might become a millionaire. Assuming that there will be two bear run and two bull run.
When Bitcoin gaines 10X altcoins gain 20X, therefore, you might become a millionaire by investing in altcoin compared to bitcoin.
Well, this is just a presumption, Actual calculation might be different/
If you look at the Bitcoin price history, you will see Bitcoin gains value by 10 X once the bear market ends. In other words, for every bull run, bitcoin gain value by 10 X. So, if you want to invest in Bitcoin and become a millionaire how much money do you need to invest now? The current price of bitcoin is around $23k. If you want to have $1 million worth of Bitcoin, you will have to invest at least 0.5 BTC right now and 5-10 years from now, you might become a millionaire. Assuming that there will be two bear run and two bull run.
When Bitcoin gaines 10X altcoins gain 20X, therefore, you might become a millionaire by investing in altcoin compared to bitcoin.
Well, this is just a presumption, Actual calculation might be different/
