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 for the long term.
In this article, I’m going to share with you my Bitcoin price predictions and give you a realistic amount of Bitcoin you need to become a millionaire.
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 esimates, you will need .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.