Is Bitcoin a Millionaire-Maker?
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After rising more than 18,000% since its inception, Bitcoin (CRYPTO: BTC) has already created several millionaires. With such significant growth, it's natural to wonder if Bitcoin's millionaire-making abilities are gone. Yet this assumption couldn't be further from the truth.
With a deeper dive into its fundamentals, along with consideration of recent and future developments, it will become easy to see why the original cryptocurrency still has plenty of upside, even with its price well above $60,000 today. Here are three compelling reasons Bitcoin still has the potential to create millionaires.
First and foremost, Bitcoin is still in its early stages of adoption. Several analyses suggest that, in terms of adoption, Bitcoin today is like the internet in the 1990s. During that era, the internet transformed from a niche technology to an essential part of everyday life. Similarly, Bitcoin is gradually transitioning from obscurity to mainstream acceptance as seen in the charts below from famed Bitcoin analyst Willy Woo.
Source Fool.com
