The world’s largest Cryptocurrency, Bitcoin (BTC), has seen massive growth over the years of its existence. Kungmyntet started from nothing but has managed to rise above $ 100,000. This comes as a massive victory for early investors and evangelists for BTC. For several years, the asset was associated with the dark web and was noticed as a fraud. But King Coin is now widely sought after by prominent personalities all over the world. The real question is whether access has the potential to create millionaires.
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Bitcoin growth over the years
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$ 1,000 to a million: dream or reality?
An investment of $ 1,000 will receive 0.01221 BTC at the current price. According to estimates, it will take a fairly long time for a small investment of $ 1,000 to reach $ 1 million. It should be noted that this is only possible if Bitcoin reaches a high of $ 81.9 million. Unless there is serious adoption or hyperinflation, it will take decades for Bitcoin to reach $ 81.9 million. This is if it continues to grow at an aggressive speed of about 5-10 times each cycle, every four years.
Coincex revealed that Bitcoin in 2050 will reach a remarkable nail but not so close to the desired brand. It is estimated that Bitcoin will trade for between 1.45 and $ 2.10 million in 2050. This comes with an average annual price of $ 1.77 million. Compared to current prices, this can provide a potential return on investments of 2,460.93%.
