header banner

What Is The Latest Chance To Become A Bitcoin Millionaire?

Table of Contents

Bitcoin (BTC) is one of the best-performing financial assets of the last decade. In 2011, the original crypto was trading for about $12. Fast forward to 2023, BTC’s price has risen by about 230,375%. Many early investors turned small investments into multi-million fortunes. One of the best examples is Erik Finman, who invested $1,245 in BTC back in 2011 when he was only 12 years old. By the time Finman was 18, in 2017, his initial investment turned into a whopping $2.07 million.

Also Read: Bitcoin: Here’s How a 12-year-old Became a Millionaire

Many investors still wonder if they can still make it big with Bitcoin (BTC). Although BTC has been around for more than a decade, we are still in its early phases. Some experts anticipate BTC to go beyond the $100k level, while others believe BTC will breach $1 million.

According to Changelly, BTC could reach $1 million by 2032. Investors would only need to hold one BTC to be a million at this level. The price of 1 BTC is currently trading at around $27,600. If it reaches $1 million, it would translate to a growth of 3523.19 %. Although it is still possible to be a millionaire with BTC, the initial investment would most probably be a lot larger than those who invested during the coin’s infancy.

Will Bitcoin reach million?

Source: Bitcoinist

There is a lot of support for the notion that BTC will eventually reach $1 million. Former CEO of crypto exchange BitMEX Arthur Hayes recently said in an interview that BTC could reach $1 million by 2026.

Moreover, there is a growing interest in BTC among institutions. BlackRock, the largest asset manager in the world, made headlines when it applied for a spot Bitcoin (BTC) ETF (Exchange-Traded Fund). Although the U.S. SEC (Securities and Exchange Commission) has yet to approve the application, many industry experts anticipate the application to follow through.

Furthermore, BTC is increasingly becoming a safe haven for people who want to escape the falling value of fiat currencies. While many opt for gold, some have taken an unconventional route of investing in BTC instead.


Article information

Author: James Williams

Last Updated: 1697825642

Views: 1058

Rating: 4.7 / 5 (92 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: James Williams

Birthday: 2019-11-24

Address: 2950 Michael Pass Suite 442, Port Derek, VA 24703

Phone: +4233580187383469

Job: Medical Doctor

Hobby: Arduino, Woodworking, Drone Flying, Bird Watching, Billiards, Gardening, Scuba Diving

Introduction: My name is James Williams, I am a transparent, treasured, ingenious, skilled, important, striking, receptive person who loves writing and wants to share my knowledge and understanding with you.