Can bitcoin make someone the richest in the world?

[chanler]

If you are comparing the richest man from Bitcoin and other industries, of t-curse, the one from industry will be the winner. they have run the industries not only for several years. they are also developing their companies very well and also they have big investors. But in Bitcoin, the supply is limited and it cannot make anybody reach in the short time.

[aysha9853]

I don't think so, because the supply of bitcoin every few blocks or years has decreased due to halving, a person's wealth is not measured by money alone, maybe certain assets such as houses and cars and stocks will be counted as the richest person in the world.

[TitanGEL]

I think since bitcoin was born. It has changed many aspects of our life such as trading, technology and it is bringing many changes and opportunities for young people to enter the crypto market. They invest in Bitcoin and bring wealth than other fields are real. but we should understand that not everyone can become rich if he does not have a clear understanding of Bitcoin.

I think the term we should use here is WEALTHY, not rich. Someone can win the lottery and be rich, but someone like that will likely slowly lose its net worth because he does not know how to manage that kind of money. He will most likely buy a mansion and two-three super-expensive cars.

Someone who holds Bitcoin long enough is not the kind of man who sells everything for a house because if he was, he would not hold it for higher profits once he has the necessary amount to buy the last series 8 bmw, or ferrari.

A lot of people are having misconception wherein they think that being wealthy and being rich is the same and the truth is they are not the same where they have different ideas to each other. How can you say you are wealthy or rich? You can yourself rich if you have a lot of cash wherein it measures on how much money do you have unlike wealthy it measures about time wherein how many days will you survive. I learn this by reading a lot of financial books. You can be wealthy even if you are not yet rich. I also like to comment wherein a lot of people who are becoming rich because of lottery are suddenly losing all of it because they do not have right financial education. There is statistics that saying that more than 90% of people that are winning in lottery are becoming poor again. There are now a lot of people who became wealthy wherein they protect the money that they gain in the market wherein they build empire and they have passive income.

[bounceback]

Bitcoin could make you rich and poor because if wrong prediction you will loss all your money when bitcoin go down, but if you get correct prediction price you will be rich with bitcoin and altcoin investing or trading. Now you have try how to get much money with bitcoin and lear every time how many possible for bitcoin back to higher price, do not entry when bitcoin have been on the top price, please be waiting when bitcoin have correction price to buy and sell bitcoin because will give impact for bitcoin to get good position and you can get much profit later, many people will be panic to buy when bitcoin have been on higher price but panic for selling when bitcoin dump.

[The cure]

They became the richest person because they have multiple business scattered in different fields and maybe they had invested in crypto too, but bitcoin alone i think it couldn't be possible to happen. But Bitcoin can also give you wealth if you know how to ride the flow of fluctuations, we do not know to what extent bitcoin can thrive and what else it can bring us in the future.

[manfredmann]

Yes, in bitcoin investment if this will keep coming up with bitcoin market all things will become possible. The rich man investing in bitcoin can become the richest or could surpass other rich people eventually due to the fact that profit earning investing in bitcoin could get a good return in just a few years of holding it. Imagine the last bull run was 2017 and now the current is 2020. In just 3 years bitcoin market had been making great. Aside from that the in just 2020 january where market had been crushing like falling down to 3K$ and it did make 6x market price increase just this year only.

[Question123]

They have many people are became rich through the bitcoin but in the richest in the world I don't think so. We know richest person having hundreds billions of dollars. I do not know how much the highest profit that a person in the crypto made but for sure a lot of millionaire because their invested to the bitcoin only became billionaire.

The more investing you make to bitcoin before the high possibility for you to earn a lot of profit or become a rich person.

[proTECH77]

Yes, with the signs bitcoin is showing to the world by steady pumping show with time many richest will be coming from bitcoin. Since fiat money is more older than bitcoin in the world and many investors are use to fiat money in the area of investment. During the pandemic many investors, now know how good bitcoin is in the area of investment which anyone can can use to enrich his self in the country. Many currencies devalue during the lockdown which was causing bitcoin a serious pumping through out the pandemic that make many people rate it the best currency among other cryptocurrencies.

[carlisle1]

Business can help to reach a man very rich and very soon. On the other hand, business can destroy a man or any companies. So, it is dependent on luck. Bitcoin is also same thing, a man can be rich by using bitcoin and also destroyed by it.

nope business never rely in luck mate because this is not true.

Business must be something that we know,our passion and with willingness and dedication.

ALl that factor is what a Business owner must have,and also a Heart because running a business is not only by Mind and soul,But also with our heart.

Though OP's point at some part is indeed,You cannot find in Bitcoin what can amde you rich in a span of time.

[blckhawk]

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Well, Bitcoin is just new compared to fiat besides, fiat is more widely used across the world than Bitcoin. If Bitcoin does become popular and more accessible for everyone then I could say it is possible to make us the richest.
Personally, I don't think Bitcoin would be enough to make a person the richest in the world alone right now. Richest people do have a lot of business they run and that is why make them the richest. A single business alone would not be sufficient to make you the richest. It can make you wealthier yes but a single investment won't do.

[Yamifoud]

Yes, with the signs bitcoin is showing to the world by steady pumping show with time many richest will be coming from bitcoin. Since fiat money is more older than bitcoin in the world and many investors are use to fiat money in the area of investment. During the pandemic many investors, now know how good bitcoin is in the area of investment which anyone can can use to enrich his self in the country. Many currencies devalue during the lockdown which was causing bitcoin a serious pumping through out the pandemic that make many people rate it the best currency among other cryptocurrencies.

No, as I looked into that case, seeing Bitcoin pump its value, that would just in a certain period of time and it drops again making them poor.
Some people get a huge profit from Bitcoin but not literally it becomes them rich just like how those popular market creators do. It doesn't mean that if you have 1 BTC, you are already rich because that will just vanish after a short while. Maybe owning 100BTC makes it possible but only those millionaires/billionaires can have it, not the normal people just like us.

People can make good money in Bitcoin but not it makes them/us riches.

[shoreno]

to be able to invest in bitcoin you need money ( fiat ) . if you now have a bitcoin and its value is now expensive you can invest that btc directly to other asset or you can pull out its value in fiat form and do same thing which is investing on other asset .

that way you can increase ypur wealth faster because you dont depend on btc alone and you can be soon the richest people in the planet . btc isnt all mined so even if you own all the mined part of btc i think this wont be enough to make you rich in the whole world

[finaleshot2016]

Yes, if you invested a lot of money during the $5k before the quarantine occurs and waited for this bull run, you can become rich.
We aren't sure yet if it will be stuck at $20k maybe more than that.

If you just repeat the process of investing in cryptocurrency since it's guaranteed that it will pump, then it's possible to become the richest in the world because of bitcoin if it exists for the long term. The more you invest, the more you will gain but it's a huge risk if you're not wise on your investment.

[Onuohakk]

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who uses fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

I know of someone in Africa that Bitcoin made him what he is today. He is mega-rich now. He invested hugely before the 2017 bull season. He's still trading on Bitcoin up to date
The level of richness depends on the opportunities that come your way and the way you utilized them.

[oprahwindfury]

Fiat investment will bring benifit if business strategy and business runs properly. At bitcoin section it depends on bitcoin market and supplies,demads, trade volume, specially the price.2020 is an example , at the beginning  bitcoin price was like 3k usd but now it's a 18,353.80 usd today. A lot of people invested in bitcoin as this is the most popular crypto currency. So it is possible to be rich with bitcoin but of course it needs patience.

[Rohitm2430]

Bitcoin (BTC) Price Analysis and Price Prediction 2021

ALT Coins- Ripple CTO lost his crypto in Altcoins.

Bitcoin gained +2.6% in the last 30 days.
Bullish Bitcoin price prediction for October 2020 can go over $11200.
Conservative Bitcoin price prediction for 2021 is $7,000.
Bitcoin bullish price prediction for October 2021 is up to $22,000.

Read More: BTC Price prediction 2021

[Lorence.xD]

Fiat has more leverage to be honest, there are more institutions that are more inclined to do business with fiat money and I think that leverage is a big problem for someone who wants to get rich via crypto currency. It is still possible although you will be facing a lot and the biggest one is volatility, like the bitcoin market volatility, your place as the richest in the world will also be volatile as your asset changes in prices every second. The other problem is that you will be a big sitting duck for financial institutions to criticize your assets and your business model, they also are lobbying with government officials which makes it harder for you as laws can bind you down whenever they want to conspire against you.

[iTradeChips]

Even the Bitcoin millionaire Satoshi Nakamoto is not at the top of the richest peoples list. Also if you only have a limited amount of coins and you are not really "earning" so to speak then you are at the mercy of the market. Your one million can be worth billions or cents. So I think there would be no real crypto wealthy because they will diversify their money to other businesses and technologies and that will make them more wealthy. Bitcoin and a combination of assets and investments will make you wealthy at the top.

[Tahamina321]

Already it is apparent that cryptocurrency, particularly bitcoin, is cash irrespective of the way in which we people realize it. Usually, we've different sorts of richness, so it is base on the realm of the individual's focus in the enterprise. As a result of trying of bitcoin merchants and miners, some are millionaires by buying and selling stuff, so from my perspective or views, I look like bitcoin is what's going to make people being richest individual on the planet based mostly on the individual methods and focus through cryptocurrency transactions or enterprise if it is properly deliberate.

[sitwac]

Defice rich? Venezuela has the largest reserves in the world but it is not in the best economic conditions and without clearly highlighting the other high demand natural resources such as Cortan. Suppose that if in the future Bitcoin is in the highest valuation you could see that the one who managed to accumulate a large amount of btc will have a large amount of purchasing power compared to others.