Is It Possible to Turn $100 into $100,000 in a Year Through Crypto Investments? 🤭
Straight to the point, let’s look at the calculation below first.
The calculation for turning $100 into $100,000 in a year through cryptocurrency investments involves estimating the potential percentage gain required. Here’s the formula:
Percentage Gain = ((Final Value - Initial Value) / Initial Value) * 100%
In this case:
• Initial Value (IV) = $100
• Final Value (FV) = $100,000
Now, plug these values into the formula:
Percentage Gain = (($100,000 - $100) / $100) * 100%
Percentage Gain = ($99,900 / $100) * 100%
Percentage Gain = 99900%
So, you would need a whopping 99,900% return on your initial $100 investment to reach $100,000 in one year.
Now, what do you think? Is it still possible?
Leave a comment and tell me 👇🏻