Yes. Bitcoin can make you a rich millionaire if you adopt a long-term mindset and practice a simple DCA Bitcoin strategy to accumulate BTC slowly over time.
Crypto investors dream of becoming a rich millionaire by buying Bitcoin and watching it soar to $1,000,000 or more.
There is a lot of hype surrounding the crypto markets but I’m here to set the record straight and give you an honest answer to your question.
According to my calculations, I believe everyone reading this right now can become a rich millionaire by buying Bitcoin and holding it for the long term.
If you’re new to Bitcoin then I recommend buying Bitcoin on Coinbase so you can become a millionaire in the next few years as Bitcoin soars to new highs.
In this article, I’m going to share with you my Bitcoin price predictions and give you the realistic amount of Bitcoin you need to become a millionaire.
Bitcoin Price Predictions for 2022
2022 has started off rocky with the Federal Reserve signaling the end of low-interest rates plus a potential war between Russia and Ukraine.
Bitcoin is currently trading far from its ATH of $69,000 yet I still believe we are in the early stages of global mass adoption.
The best time to buy Bitcoin was 10+ years ago but the 2nd best time is right now. Bitcoin is the world’s best savings account so you will only gain a financial advantage by Buying Bitcoin and HODLing until the next bull cycle.
HODL Bitcoin to Become a Millionaire in the Future
I understand that many hard-working people are frustrated with the current state of global affairs. Inflation eats away at our purchasing power plus societal issues such as crime, homelessness, and unemployment cause depression and future uncertainty.
Bitcoin cannot save you from all the world’s problems but it will generate you build substantial savings over time and can retire a millionaire with dignity.
The only way to benefit from Bitcoin’s wealth building power is to buy Bitcoin and HODL your coins. The internet is riddled with sob stories of ex-Bitcoiners who sold their BTC stash too early and watched prices soar much much higher months or years later.
Remember: when you sell your Bitcoin, someone else is buying it. The only reason someone else buys an asset is because they believe the price will go up in the future.
If you want to truly become a millionaire and rid yourself of financial stress then buy Bitcoin and don’t sell. It’s as simple as that.
0.1 BTC Will Make You a Millionaire by 2028
How much Bitcoin do you need to become a rich millionaire? The truth is the majority of people will never save $1 million in their lifetime. This is still an incredible feat even though $1 million has lost purchasing power over the years.
According to my estimates, you will need 0.1 Bitcoin to become a millionaire by 2028.
I reached this number by using a CAGR of 150% even though Bitcoin has compounded at 200% over the last 10 years.
Here’s a look at my calculations below I reached by plugging in Bitcoin’s current price:
If you can wait until 2030 then just .01 BTC can make you a millionaire if Bitcoin continues compounding at a high rate.
As more people join the Bitcoin network, I expect those CAGR to decrease over time.
.1 BTC is a realistic goal for most people and can be done right now with a small initial investment.
Earn Interest on Your BTC to Increase Holdings
If you don’t have as much money right now to buy .1 BTC then consider earning interest on your BTC to increase your holdings.
Check out our Bitcoin savings account rates to see which companies are currently paying the most yield.
HODL for the Long Term and Ignore the Noise
There will always be haters and doubters who attack Bitcoin and our movement.
Don’t let these people get you off track. Bitcoin is greatest technology of the 21st century and you will become a millionaire if you HODL and ignore the noise.
Think long term and set a goal to acquire Bitcoin on a regular basis.