The Cryptocurrency industry has witnessed exponential growth in recent years. The world’s largest Cryptocurrency, Bitcoin (BTC), has recently been seen passing its recent decline. King Coin skipped the $ 100,000 mark and gave back the confidence in the BTC market. At the time of writing, the access to $ 103,888.68. Over the weekend King Coin managed to rise to a high of $ 104,961.76. Currently, BTC is only 4.75% during its maximum time of $ 109,114.
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Can an investor 100x their bitcoin investment?
Saylor predicts that Bitcoin may be worth an astonishing $ 13 million in 2045. Therefore, it can be a big bargain. He urged the average investor to rethink expenditure habits and focus on gathering bitcoin over other luxury purchases. The American entrepreneur pointed out how a Ferrari that costs 6 BTC today can eventually cost $ 100 million in the future. As a result, instead of spraying, he advises to use low interest rates, long -term mortgage financing to buy bitcoin.
This type of loan offers steady, affordable financing, is often government subsidized and is not marked to the market. Sayor’s plan is to invest in Bitcoin with the help of the revenue from a mortgage that is between 10 and 30 years old. He advises to avoid buying expensive debts such as yachts or sports vehicles, quitting your work or paying for a mortgage early. Instead, invest all non-land-to-market money in Bitcoin, which he predicts will increase by 30% per year over the next 20 years. His advice was to postpone pleasure now to raise money later.