How Much Cryptocurrency Do You Need to Become a Millionaire? Expert Steps In

The widely followed Altcoin Daily Analyst channel recently shared insights into how much cryptocurrency you need to hold to become a millionaire in this bull cycle.

Specifically, the analyses provided a breakdown of which Bitcoin (BTC), Solana (SOL), Ethereum (ETH), Cardano (ADA), and Uniswap (UNI) tokens you may need to leverage to gain wealth by 2025, when this bull market is expected to end.

How many Bitcoins to hold

The analyst started by sharing his optimistic outlook, predicting that the price of Bitcoin will rise to at least $120,000 by 2025. This estimate draws on Bitcoin’s historical performance, typically 12-18 months after halving events. It believes this price target is conservative, assuming continued demand for BTC.

Bitcoin is currently trading around $58,500, after dropping 13% over the past week. Despite this short-term decline, the Altcoin Daily host emphasized that the lower price represents a buying opportunity. He advised viewers to look further current market fluctuations and focus on long-term potential.

Based on the $120,000 forecast, Altcoin Daily analyst calculated that investors would only need to own about 8.33 BTC tokens to become millionaires within the next year.

However, achieving this goal comes with a high initial cost. Specifically, the 8.33 BTC tokens required require an initial investment of approximately $487,500 at the current price. This substantial expense can be a significant barrier for the average investor.

As a result, the analyst suggests that alternative cryptocurrencies offer a more accessible route for average investors to reach millionaire status during this bull market.

Becoming a Millionaire with Ethereum

Alternatively, the analyst turned to Etherealmajor altcoin. He shared his conservative estimate of ETH hitting $9,000 by 2025.

Given Bitcoin’s potential to double its current price, he believes Ethereum could triple or quadruple in the same period, making $9,000 a reasonable baseline estimate.

In particular, the upcoming launch of an Ethereum spot ETF is expected to bring institutional money to traditional finance. As a result, Altcoin Daily noted that Ethereum still has a strong chance of hitting $9,000 even if it attracts little investment.

To become a millionaire through Ethereum, an individual must own approximately 111 ETH tokens. At the current market price of $3,156, this would require an initial investment of approximately $350,666.

Becoming a Millionaire Solana and Uniswap

In the meantime, invest in Solana (SOL) requires even less capital. The Altcoin Daily analyst pointed to the bullish projections of Raoul Pal, who believes that a 100% increase in Solana’s value this quarter would be unusual and a 300% gain would be more standard.

Pal’s ambitious target for Solana is for the asset to hit between $1,000 and $2,000 this cycle. However, the Altcoin Daily analyst stopped at $1,100, praising Solana as the narrative gem of this cycle.

Based on this projected price, an individual would need to own approximately 909 SOL tokens to become a millionaire by 2025. With Solana’s current minimum price of $140, this would require an initial investment of approximately $127,260.

For the next altcoin worth investing in, the analyst recommended Uniswap’s token, UNI. He noted that the project’s actual annual revenue of over $350 million was earned from liquidity providers, far exceeding that of its closest competitor.

Accordingly, he stressed that revenue is a crucial indicator of a project’s sustainability, suggesting that Uniswap will likely remain profitable for at least another 5-10 years.

Altcoin Daily’s projection for UNI is a price target of $220 by 2025. Based on this outlook, an individual needs to hold approximately 4,545 UNI tokens to reach $1 million in this cycle. This would require an initial investment of approximately $37,087.2 at the current price.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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