bitcoin will not make you a millionaire
This is a chart of returns using any 5 year period since 2010 till today. I used Dec 1 of each year as the start and end date.
If you want to know why all these trading games are dumb, this is why.
2010 – 2015 1661x
2011 – 2016 234x
2012 – 2017 791x
2013 – 2018 3.3x
2014 – 2019 18x
2015 – 2020 51x
2016 – 2021 76x
2017 – 2022 48x
So at minimum there is a 3.3x return but for the most part it’s much higher. And that’s if you sold after 5 years. Just imagine if you hold, hold, hold.
its never too late to invest in crypto but i think for bitcoin it has a limit. It might not make you a millionaire, but its one of the safest investments when it comes to crypto.
If you’re looking for quick profits then this might not be the perfect investment for you.
Maybe try searching for some legit startups with high potential. Find a trusted launchpad like Binance launchpad or SolanaPrime since it has insurance backing and you should be good to go.
But still, it wouldn’t be a bad idea to hold some BTC either way.