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How to Become a Millionaire in Cryptocurrency | How Much do You Need?

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.

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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!
Two ways to value bitcoin and why it could go to $190,000 in a few years!
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.


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