Re: What will you do if Bitcoin hits $1m in the future?
Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.
What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.
What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.
Nothing! Earlier, I used to deposit as much money as I could from my monthly income, excluding all expenses, in a personal savings account in a bank. But now I don't do that, now I invest my money in Bitcoin after my monthly expenses, I have been saving like this for the last few years. I think it is more profitable to invest in Bitcoin than to deposit in the bank. This deposit may not be of any use to me now but in the future, it may play a huge role in improving my lifestyle. If Bitcoin hits 1 million in the next 5 years, I will not incur any additional expenses from my accumulated holdings, as I have chosen it as a safe haven for investment, everyone should develop the habit of investing in Bitcoin regularly to alleviate poverty.