How Bitcoin Could Help You Retire a Multimillionaire

Core Insights - A long-term approach to crypto investing, particularly in Bitcoin, has proven to be highly rewarding, with over 145,000 Bitcoin millionaires currently existing globally [1][6] - The compounding returns of Bitcoin have led to significant wealth accumulation, with Bitcoin being the top-performing asset in eight of the past ten years, often delivering triple-digit returns [2][6] - Despite its potential for high returns, Bitcoin is subject to boom-and-bust cycles, with significant value losses occurring every four years, exemplified by a 64% drop in 2022 and a 74% drop in 2018 [4][5] Investment Strategy - A buy-and-hold strategy is recommended for Bitcoin investors, with a minimum holding period of five years being optimal to weather market volatility and benefit from compounding returns [6][7] - The term "HODL" has emerged among Bitcoin investors, emphasizing the importance of holding onto investments rather than selling during downturns [7]