Is It Still Possible to Become a Millionaire With Crypto?
Estimates say there are more than 81,000 people holding at least $1 million in Bitcoin. A recent survey indicates that crypto is the primary source of wealth creation for millennials.
Many investors have become millionaires overnight by investing in cryptocurrency, however, these cases are few and far between and should not be used as an indicator of future performance. Additionally, it is important to diversify your investments and not to put all your eggs in one basket.
At the same time, the long-term outlook for the industry is solid thanks to the fact that mass adoption is likely to continue in 2024. More people will get comfortable with crypto in the coming years, despite bad news such as the Solana (SOL) fell 15.9% on March 19 to a five-day low of $166 after a week-long rally that briefly took it close to $210 as it a new all-time high market cap of around $92 billion, leading to solid outlooks in the future.
Now the important question, is it still possible to be as rich as early investors of crypto as of 2008-2015, or this chance will never happen again ?
