Is Bitcoin a Millionaire Maker?
.jpg?locale=de)
Now that the Bitcoin (CRYPTO: BTC) halving hype is in the rearview mirror and an array of spot Bitcoin exchange-traded funds (ETFs) is available, it's a good time for investors to ask, "What's next?" The prospect of earning seven figures by HODL-ing (crypto lingo for holding) Bitcoin sounds enticing when the price is rising, but choppy consolidation periods can dim one's enthusiasm.
Yet the boring periods can offer opportunities. After all, the millionaire mindset isn't about chasing rallies and following crowds. They key to crypto prosperity is, as the old saying goes, putting time in the market rather than timing the market.
Making $1 million with Bitcoin will, first and foremost, require a substantial investment. Even if you expect Bitcoin to go from today's price of $63,000 to $630,000, you'd need a $100,000 investment to make your way to $1 million (and the IRS will surely demand a piece of that, by the way).
Source Fool.com
