I've read a few articles on the web which indicated you could get rich with just 0.01 BTC. At first, it seemed crazy to me considering that Bitcoin is still below $1m. But then it started to make sense after knowing that the pioneer cryptocurrency was designed with deflation in mind. Each halving had a positive effect in BTC's price, so one would guess the next one will lead us to a BTC worth more than $100k. To become a millionaire with 0.01 BTC, the price of one Bitcoin must be $100m. Prices are still volatile, so I'm having my doubts whenever I'd really become rich with just 0.01 BTC or not.
What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.
Owning 0.01 bitcoins is not a guarantee that wealth will be yours even after 10 years, let's say today the exchange rate of 0.01 bitcoins is equivalent to $359 (bitcoin price $35,989), and you keep it for about 10 years so that bitcoins go up to $1 million, don't you just have money around $10,000 in 2032? I think $10,000 is not a high enough value for money in 2032 because it is certain that in 10 years the world will experience many changes, including in terms of currency values , price of goods and services, so in my opinion if you really want to become a millionaire by only having bitcoin around 0.01 of course it is impossible.What do you think? Is it really possible to become rich with 0.01 BTC in the future? If not, why? Your input will be greatly appreciated. Thank you very much.
But if you use 0.01 bitcoins to continue trading continuously in the market, chances are that you will be able to double the number of bitcoins you have from now on and if you are lucky maybe from 0.01 bitcoins, you will have 1 or 2 bitcoins and maybe more in the next 10 years.