Bitcoin's Past Returns Stoke Predictions of Millionaire-Making Potential
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Bitcoin has historically delivered tremendous returns, averaging 230% per year from 2011-2021 compared to 20% for tech stocks. This creates potential for future upside.
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Cathie Wood of Ark Invest predicts Bitcoin could reach $1 million by 2030. Other predictions are even more bullish, forecasting up to $10 million by 2046.
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For Bitcoin to make billionaires, it would likely need to reach over $2 million per coin based on total investable wealth forecasts.
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Reaching billionaire status likely requires an early investment of millions when Bitcoin was under $1. There are currently 6 Bitcoin billionaires.
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While becoming a billionaire is unlikely now, 10x or 100x returns could still make Bitcoin investors millionaires.