Post
Topic
Board Economics
Re: Can one achieve financial independence through crypto currency?
by
Ozero
on 03/03/2023, 15:52:39 UTC
The popularity of crypto currencies has been on the rise in recent years and many people are drawn to them as a means to achieveing goal of financial freedom.
Additionally, the decentralization and global nature of crypto currencies like Bitcoin, Ethereum and others, have made them an attractive option for those who want to take control their financial future and want to avoid traditional banks and financial institutions. They can also provide hedge against inflation and currency devaluation.

Given these factors, the dream of financial freedom can come true by using crypto currency?
Sometimes there are examples of how people many years ago bought bitcoin or, less often, another top cryptocurrency, and then became dollar millionaires. This was possible. But that was earlier, when bitcoin had a very small price. The higher the price of a cryptocurrency rises, the more difficult it has become to get rich. Of course, there will still be lucky ones, but they will become less and less.