Realistically how much would be needed in Crypto to become a millionaire aide next bull run?
Realistically how much would be needed in Crypto to become a millionaire aide next bull run?
I know it depends and one alt that pulls a shiba could mean a small amount. I guess I’m just figuring a general BTC ETH type investment and maybe other higher ranked Alts…
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year…but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
What are your stacks like? Goals? And thoughts?
BTC did roughly 18x from the lows of the previous bear cycle.
Assuming diminishing returns and being VERY generous with the next cycle, let’s say BTC goes up 15x in the next cycle. If we say 20k was the low which is still a generous assumption, that means the next bear run takes BTC to 300k.
That means to be a millionaire, you would need more than 3 BTC. Or that means you would needed to have bought 68k worth of BTC when it was at 20k.