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Is Bitcoin Still a Millionaire Maker?

TheMotleyFool 
0 0 19.08.25
Is Bitcoin Still a Millionaire Maker?:
 

Over the last 10 years, Bitcoin (CRYPTO: BTC) grew by 51,910%, turning many investors into millionaires, and making many more a fair bit wealthier. For some, all it took was socking away a fixed amount each week, and having the patience to watch the gains compound. In fact, if you'd purchased an aggressive sum of $600 of Bitcoin every week for just the last six years, investing a total of $187,800, the harvest today would be in the high six figures and approaching close to $1 million.

The coin's sustained scarcity plus growing demand could potentially do the trick of compounding for patient investors who want to buy it and build wealth today. It can probably still make new investors into millionaires, provided that they follow the right strategy. Here's what you need to know.

Image source: Getty Images.

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Source Fool.com

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