Bitcoin has created millionaires, but becoming a billionaire may require extreme investing strategies

From Nasdaq
August 10, 2024 08:10 am:

Bitcoin has made over 40,500 millionaires as the price soared from less than $10 to over $50,000. Speculations suggest it could make billionaires, with forecasts ranging from $1 million by 2030 to $49 million by 2045. One strategy involves maximalist investing, like “triple maxi” which entails extreme faith and debt leveraging in Bitcoin.

Becoming a Bitcoin maximalist can lead to millionaire status, but to reach billionaire level, investors need to adopt the “double maxi” approach by going all-in on Bitcoin. The “triple maxi” strategy involves extreme levels of investment in Bitcoin while accumulating debt to boost returns. Such approaches defy traditional investing rules with a focus solely on Bitcoin wealth creation.

Investors considering a $1,000 investment in Bitcoin should weigh other options, as Motley Fool’s Stock Advisor recommends 10 other stocks for substantial returns instead. While Bitcoin offers potential, historical data shows significant gains from selected stocks with detailed guidance and updates. Advisors highlight stocks like Nvidia, which could show impressive returns over time.

Read more at Nasdaq: Is Bitcoin Really a Billionaire Maker?