Crypto is seeing a resurgence, and this has lead to major claims from supporters. One of the biggest, most controversial statements comes from Erik Finman. His belief? Investing now will transform you into a BitCoin billionaire.

According to Finman, crypto currencies are still in their infancy and anyone who buys in now still has a shot at getting rich.

Today’s article examines this idea and whether or not crypto will continue its recent bull-run.

What It Takes To Become A BitCoin Billionaire?

One billion dollars is a lot of money. In fact, I don’t think there’s ever been a single person in history who became a billionaire from investing alone. Even people like Warren Buffett earned the bulk of their wealth from building a business.

When I first read Erik Finman’s “crypto billionaire” comment online, I thought it was an exaggeration.

However, I did a little digging and got the full quote:

In other words, Finman was talking about building a crypto related business. This makes a lot more sense, and will definitely produce multiple BitCoin billionaires.

But what about investing?

Can you get rich through buying and holding an asset?

Crypto Millions: More Doable?

So it’s pretty hard to become a billionaire without building a business. But can you invest your way to wealth?

Of course!

People are doing this all the time.

Go to any golf course in Florida and you’ll meet hundreds of people who retired rich through the power of long-term investing.

So how much would you need to make a million dollars off BitCoin?

Well, if BitCoin does rise to $100,000 then you’d need 10 coins total. That’s about $80,000 right now. A lot of money for sure, but a number that’s still easily achievable.

On top of this, you can always invest in blue chip alternatives like Ethereum or Litecoin.

These would greatly reduce your initial investment, while still offering huge opportunities for growth.

Here’s an example.

Ethereum is currently trading for $250 per coin. If the price quadruples (making it a smaller gain than BitCoin), then you’d only need about $65,000 invested to become a millionaire.

Of course nobody knows how much crypto currencies will grow, but these examples really illustrate the growth potential.

Closing Thoughts

I’m bullish on BitCoin. It’s steadily breaking into the mainstream, gaining wider and wider exposure amongst the general public, and continuing improve its technology.

Because of this, I think crypto currency has potential for massive growth over the next decade.

Don’t miss out on this major opportunity.

While investing might not make you a BitCoin billionaire, it can still next you hundreds of thousands (if not millions) of dollars.

If you’re already on the BitCoin bandwagon, keep dollar cost averaging.

And if you’re a new investor, sign up for Coinbase using this referral link. You’ll get $10 in free BitCoin after making your first $100 deposit.