Can 1 Bitcoin make you a millionaire?

It is not surprising how many people want to get rich through owning, trading, or leveraging bitcoin. And asking if 1 bitcoin can make you a millionaire is a fair question. There is a tremendous amount of talk of bitcoin realistically hitting a $400,000 price per coin which would make it equal to gold’s market cap. Anthony Pompliano recently has shared thoughts on bitcoin hitting $1,000,000 per coin is not too farfetched.

I feel confident in the 6 figure price targets during the 2020-2022 time horizon and see Bitcoin reaching the gold market cap as completely possible. The reason I believe this is because of the premiums of real estate, and stocks and where they are trading as of now (Jan 9, 2021), not to mention the continual drop in bond returns! Bonds are meant to be a safe haven consistent return to balance a portfolio, and bonds yields are negative. This will encourage money managers to move money into digital assets, and the only one that matters is bitcoin.

Long story short, can 1 Bitcoin make you a millionaire? No one knows, but you need to have a low time preference and hold your bitcoin as far into the future as you can if you do wish to achieve your goal. HODL ON.