40,500 millionaires created as Bitcoin's price rose from $10 to $50,000.

Bitcoin's price rise from less than $10 to over $50,000 has created 40,500 millionaires, but becoming a billionaire requires owning 20 bitcoins. Michael Saylor predicts BTC could reach $49 million by 2045, but becoming a "triple maxi" investor involves risks like ignoring diversification and taking on new debt. While Bitcoin's potential is acknowledged, traditional investing rules should be adhered to.

August 10, 2024
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