I know that many people in the cryptocurrency space are misled because they think that they will become millionaires overnight because of the cryptocurrency. When people think of cryptocurrencies, they often think of the occasional highs, sometimes heartbreaking lows and sometimes hilarious highs of Bitcoin, but when they think of it, people often think of Bitcoin.
The real problem, however, is that there are people who believe that Bitcoin and cryptocurrencies in general will help people to get rich quickly and retire early. There was no Bitcoin or other digital currency in 1995, and many investors thought that this transformative technology would become the world's largest and most powerful financial market in the next few years. There are believers, but such miracles have yet to happen, and there are now many stories of people who have become insanely rich because they invested in Bitcoin early.
Along with revolutionizing the global economy, Bitcoin has irrevocably changed the way people believe in and bet on Bitcoin. When investing in Bitcoin or any other cryptocurrency, the volatility of other cryptocurrencies does not seem to subside so quickly, and there is much potential for further growth of Bitcoin. Indeed, the scales could eventually trade Bitcoins on a cryptocurrency exchange.
There are a few billionaires who have spoken out about Bitcoin and made positive remarks about the benefits of blockchain technology. These are 5 people who became rich because of bitcoin:
Roger Ver - $520 million
Charlie Shrem - $450 million
Dave Carlson - $350 million
Jered Kenna - estimated $300 million
The Winklevoss Twins - $150 million
The billionaire recently reiterated that he is putting more pressure on BTC despite the price war and volatility. Either way, he believes he has more than 1.5 million Bitcoins, making him one of the richest people in the world.
If everyone has the technical skills to trade cryptocurrencies, they can invest in Bitcoin and become rich in the Bitcoin era. Although it can take more than 12 months to invest in a cryptocurrency like Bitcoin a decade ago, you would be a millionaire today. Today, anyone can become richer by trading in Bitcoins, and huge profits are no longer available only to trained cryptocurrency traders.
Bitcoins can only really be used if you have the right wallet and Bitcoin mixer to help you secure your identity.