How to Become a Millionaire in Cryptocurrency | How Much do You Need?
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Crypto millionaires is THE story this year but is it too late to invest in bitcoin and other cryptocurrencies? Can you still become a crypto millionaire and how much do you need to invest to reach that seven-figure payday? Get up to $250 in free bitcoin when you open an account on BlockFi
In this video, I’ll show you two crypto investing strategies and the five cryptocurrencies to buy to get rich. I’ll show you exactly how much you need to buy to become a millionaire and then reveal my own crypto portfolio.
Cryptocurrency investing can still make you a millionaire. I know it seems like prices are high now, and they are compared to even a year ago, but the price forecasts I’ll reveal later in the video will make even today’s prices seem like a bargain. Sure, you can try to time the market and hope cryptocurrency prices come down but that means you also risk the possibility that they don’t come down and you miss out on the run higher.
I look at it like this. I can invest in bitcoin, Ethereum and the altcoins now and get between three- to five-times my money over the next few years…OR I can wait for prices to crash before I buy. If prices do come down, then I might get five- to ten-times my money but if they don’t come down…I’ll make nothing. I don’t know about you but I’m happy making three- to five-times my money and don’t want to miss out.
That’s why I’m using a monthly investing strategy for cryptocurrency, investing a little every month. That means I build a position now in bitcoin, Ethereum, AAVE, MATIC and ADA so I benefit from the upside but I can also benefit from lower prices if they come down. I’m holding back a little in cash and stablecoins for those big crypto crashes of 9% or more on individual days but investing most of my money now.
Want to earn free bitcoin? Don’t miss the first bitcoin rewards card! Everything you need to know here!
Cryptocurrencies can still make you a millionaire. The five cryptocurrencies I’m buying and the price targets range from a 500% return to 1000%…that’s ten-times your money. That would mean you only need to invest $100,000 to make a million dollars, and that’s a 2025 forecast. Give your crypto investment a little more time and you can invest less to get rich.
I invest in the safer cryptocurrencies like bitcoin, Ethereum and the larger altcoins. These might not provide the highest returns but they balance safety with return. I’m much more confident that MATIC and AAVE will produce returns of 500% or more and be around in five years than I am in the smaller altcoins like SushiSwap or PancakeSwap. I have almost half of my crypto portfolio in Ethereum (40%) and another 25% in bitcoin. The rest is spread among the three best altcoins to make me a crypto millionaire!
Still not investing in cryptocurrency? Don’t miss the rest of the videos in our cryptocurrency tutorial series for beginners!
Complete Cryptocurrency Playlist of Videos for Beginners – Watch them all here!
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Price forecasts for 7 other cryptocurrencies including Ethereum, Litecoin and Stablecoins
Bitcoin vs Ethereum: Which is the Better Investment?
The Hidden Value in Cryptocurrency – What Buffett’s Missing!
0:00 How to Invest in Cryptocurrency to Get Rich
0:05 Can You Still Become a Crypto Millionaire?
1:16 Cryptocurrency Investing | Two Crypto Strategies to Buy
3:14 How Much Bitcoin to Buy to Become a Millionaire
7:25 How Much Ethereum to Buy to Become a Millionaire
9:07 How Much Cardano ADA to Buy to Become a Millionaire
10:38 How Much Polygon MATIC to Buy to Become a Millionaire
12:08 How Much AAVE to Buy to Become a Millionaire
13:08 My Cryptocurrency Portfolio Revealed
#cryptocurrency #crypto #bitcoin
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Vídeo
Still not sure about investing in cryptocurrency? Watch this next to see the HIDDEN value the critics don't know! 💰 https://youtu.be/8xwbPjLVLak
I totally agree with what your analysis …. <The fact is, BTC is the future of cryptocurrenncy and the questions traders should ask themselves now is if it is the right time to invest? Before jumping into conclusion, i think you should take a look at things first. For the past few days the price of BTC has been fluctuating which means the market is currently unstable and you can't tell if it is going bearish or bullish. While others still continue to trade without the fear of making lost, others are being patient. It all depends on the pattern with which you trade and also the source of your signals (trader). I would say trading has been going smoothly for me, i started with 1.9 BTC and i have accumulated over 18.2 BTC in just three weeks, with the trading strategy given to me by expert trader Ramos McAnthony…
How to get to 1 million in ten years strategy for everyone. I would love video like that
I have a Coinbase account–should I also have an electronic wallet?
I think right now is a good time to buy tectonic in stead aave.
Yeah got to have money to make money but for us average people who obviously don't make over 100k a year this is just impossible
Can I become a Millionaire from NEO. If yes – how much to invest for how long please. Thank you!
Shiba inu what is your thought?
How do you analyze new growth companies that haven't turned a profit yet? Thanks!
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more monI'm a bit coins managerI'm a bit coins managerey invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always
Man ironically u are answering my number 1 question and ur someone I actually trust and believe in.
Hey newbie here is it realistic to make passive income with 2000 to 3000 to invest. Sorry if it is a silly question.
Riple and litecoin are garbage. I have two Litecoin I'm waiting to get rid off.
The digital pound foundation is going to be amazing. Get in before you get left out.
Just to clarify, Block Fi will simply pay you an 8% APY just to hold your GUSD in their account? This sounds too good to be true. Is there a catch?
What do you think about the dividend etfs like qylg or qyld that incorporate options into their strategy for example?
Very insightful and informative video.
Looking forward to the day i dont have to block 2 spammers a day.
Although I Own both ADA and ETH I think Cardano is way superior and will surpass Ethereum shortly and never look back. I’d rather have 40% in ADA and 15% in ETH tbh. Especially since you can just stake all of your ADA
Hello Joseph,
A long time viewer and user of some of your helpful strategies. Currently my portfolio has became stagnated of course I have a couple of etf for long term and others in various section of the market. What I was wonder how to improve on the ones I have now, to show growth and possible a potential income. I have seen your videos on thses subjects I have discussed in this comment. But it eludes me of what should I be able to out perform the market?
Thanks for your help.
Thank You for disclosing your investments and the amounts. It gives legitimacy to your argument.
You missed solana
That thumb nail is 😂😂 you should have a speech bubble the reads " All mine" 👍🏿 🤣🤣
Start with 2 million.
First, don't believe the FUD about Binance, Tether, and Bitcoin. Secondly, buy a dip.
I’m invested in 3/5
Thank you Mr.Joseph Hogue ,
could you please do a video about solana
Thanks Joseph! This was helpful!
Avalanche, moonriver……
loved it!!!
I am an old lady who never invested before, besides allocating my ridiculously small 401k when I was working. I am having so much fun watching your videos, I learned enough to feel confident in starting a small dividend portfolio to try and bolster my monthly income. I am on a fixed income, but I have managed to squeeze out $35 per week to invest. If I could just build it to earn $1k per month it would seriously change my quality of life. Any videos you could do to address the issue of old, broke investors would be appreciated. 😆🤣😂
Thank you Joseph for all you do to help us become more knowledgeable investors!
I find it hard to understand the risk of stablecoin. It's "value" is tied to the dollar, but why are we able to park our dollars in stablecoin at a place like Blockfi and earn interest at orders of magnitude higher than high yield savings accounts? It doesn't feel like this is a risky place to park your money but if it's earning 8% or more, it can't be without it's risk. Could you please explain what the risks are in holding stablecoin vs cash?
-Tyler
I’m sure you’ve asked her to send another video I said same just now seriously could be to investing for my future: should I do ETFs or index funds as a novice investor? I have a lot of brokers account set up but the ones I’m most familiar with is Fidelity and M1 finance.
XRP
I think anything on top of ethereum is redundant since you already are invested in ethereum, and it's an unnecessary risk.
Vgx voyager? Review
will $100 make your a millionaire ?
What’s your point on the Pi platform growing and getting ready for launch?
Thank you Joseph. Could you please do a video on the safety on investing in USDC and how they can pay a 9% dividend. When things seem too good to be true they usually are.
BlockFi spread too high
I had a question about finance, a real estate based side hussle really but if you can help great, if not I appreciate the offer at least!
I saw an add for a company that paid for leads on distressed/abandoned properties if the lead paid off in them closing a deal.
Are you aware of any other company with a similar set up?
Almost Impossible to time the market.
Here's a question… I have half of my portfolio in RYLD and the other half in 25% each, RPV, VB, VIOV, and VOO. With reinvesting my dividends do you think this is a reasonable strategy to seriously amplify my income in 10 years when I plan to retire? I'm putting in $500 per month.
Went to sign up for BlockFi and there was warning ⚠️ message about pending potential problems with a few states I’m guessing regulatory things. Any problems with that or not being FDIC insured?
No fees on blockfi. But the spread is so ridiculous that you wish they just charged a small commission fee.
Which one is a better buy right now Tesla stock or Bitcoin, Joe I truly appreciate the tuns of information that your giving us weekly😍👏👍🏼
Becoming a Millionaire would be awesome 😂 i Hope To be one in 20 years
My question is how to find undervalued, up, and coming stocks. Thanks
Generational wealth