Why are rich people buying bitcoin?

Unless money is wisely invested it will quickly leave you behind and go to someone else. Rich people who buy Bitcoin see it in a similar way as all the other Bitcoin “hodlers”; an alternative asset class and a different way to make money.

Could someone become very rich with Bitcoin?

You could only become rich with Bitcoin if you invested back when it was worth $10,000 and you invested $10,000 into it. Even that will only make you semi-rich. You could still become somewhat rich with Ethereum if you invest $20,000 now, which would return $320,000 to $640,000 at most later this year, but that’s it.

Can bitcoin still make you rich?

Bitcoin. 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 ...

Can you still get rich with Bitcoin?

You can still get rich with bitcoin because it’s based on a technology — blockchain — and that technology is always improving. If you keep up with good crypto news sites then you’ll learn how blockchain, especially the one Bitcoin is built on, is improving year after year.