Watching the path of Bitcoin is amazing. The places it managed to go during its short existence and what possibilities and prospects it gave to us. But is it still possible to become fabulously rich thanks to Bitcoin?
Let’s take a look if Bitcoin can still make you a millionaire.
Is it possible to get rich like in a fairy tale?
If we look at the year-on-year growth between January 2020 and January 2021, it is almost 400%. This is an impressive number, and people who hold the first cryptocurrency for at least that long time rejoice. There are still many people who have not invested in cryptocurrencies or Bitcoin. Is it still time for them to get rich?
Although the early years were very volatile, many people became rich thanks to Bitcoin. However, the truth is that Bitcoin’s next path leads to a more mature market, and we certainly can no longer expect fabulous returns as before. You can still make money on such investments, but it will no longer be millions. It’s not like Bitcoin’s path is going to end, you just can’t expect to get so rich.
So what should you do?
Surely you already know that investing can be very risky. Due to the last few months, when Bitcoin reached a new record high price, people are ready to invest everything in an effort to get rich quick. If you do not want to make an unnecessary mistake, it is better to stay neutral and always invest with a cool head. Bitcoin is also known for the fact that it can fall down as quickly as it shoot up.
If you want to make money on investments, it’s good to find an asset that is on the same path as Bitcoin. It won’t be right away, it won’t be such big amounts, but slowly and surely you will get richer and richer. Don’t forget to diversify your portfolio either, one asset will not guarantee you 100% success.
How to invest?
If you are not sure how to start investing, you can start with our Platon Academy. This is a course that will take you through the world of digital assets and you will also find valuable advice on how to start your own journey of an investor into cryptocurrencies.