Post
Topic
Board Bitcoin Discussion
Re: Bitcoin investment doesn't guarantee you richness
by
GbitG
on 01/04/2025, 20:49:55 UTC
Bitcoin will become only more scarce.

Fiat - not so much. That's all Cool

Well, that's doesn't guarantee richness either. We all need to understand that Bitcoin can make someone profit, but when it comes to richness, it can barely do that anymore, and the reason behind for its value. Like when Bitcoin had a low price, those who either bought or mined it and kept it long enough got the value of their coins multiplied by thousands of folds, but that thing can't happen anymore because Bitcoin is already worth over $80k, and it will be worth $800k for just going up 10x.

So, logically, the fact is that Bitcoin doesn't guarantee you richness is correct because it can't unless you are doing futures and using either a large amount or too high leverage and the market works in your favor but honestly that's too risky and I don't think anyone would be ready to take that much risk.