Did you know that investing in Bitcoin bitcoin will be worthless Ethereum could make you a millionaire? You didn’t put any blood, sweat, and tears to earn them nor did you receive an inheritance from an unknown family member.
You’ve just made a small investment that ballooned into a fortune over time. That’s what happened to a man from Oslo. Back in 2009, Christopher Koch learned about Bitcoin while working on a thesis paper about encryption. Koch quickly forgot about the investment until four years later when Bitcoin started popping up in the news. Unfortunately, not all of us are as lucky as Koch.
But, that doesn’t mean you can’t possibly become a millionaire by investing in virtual currency. You just need to understand how they work so that you can maximize your profits. This comprehensive guide will teach you everything you need to know about why you should invest in Bitcoin, Ethereum, and other altcoins and how to do it. I will be direct and let you know that I am not a financial advisor and invest in cryptocurrencies at your own risk. Let’s dive right in, shall we? Why Bitcoin, Ethereum, and Cryptocurrencies Could Make You a Millionaire? A lot of people scoff at the idea of virtual currency when they first read about it.
It almost seems too good to be true. However, after reading more about how it works, most people get sold on the idea. Since the first Bitcoin transaction recorded in 2008, the cryptocurrency was proven to be one of the most secure investments one could make. 30 for a short period, Bitcoin continues to exceed all expectations. Let’s look at the numbers to understand the hype around it better. So, it should come as no surprise that Bitcoin is the world’s most high-profile digital currency right now.
The first mention of this cryptocurrency appeared in 2013 when Vitalik Buterin, a Russian programmer, described the technical details and rationale for Ethereum protocols in a white paper. The currency was launched in 2015, and although it’s less than two years on the market, it has already become Bitcoin’s top rival. So, the future sounds bright for those who decide to invest in Ethereum. In fact, both virtual currencies seem to have a lot potential. But to better understand how much potential we’re talking about, let’s find out more about how they work. Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank.