5 Altcoins That Can Make You a Millionaire in 2021
Buy these before they skyrocket
An altcoin, or alternative coin, refers to any cryptocurrency that isn’t Bitcoin, such as Ethereum and Litecoin. The price of Bitcoin has been skyrocketing lately and it’s pulling up many other cryptocurrencies with it.
Why has Bitcoin been rising in price?
One major reason is inflation and the lowering purchasing power of the US dollar. Before the coronavirus hit, the total money supply was $4 trillion as of March 9, 2020. Since then, the total money supply has risen to $6.5 trillion. With more money to spend, the price of Bitcoin rises.
Billionaire investors and large institutions are now viewing cryptocurrency as a viable investment. For example, PayPal is launching a new crypto service that allows many merchants to accept digital assets as payment. Tesla bought $1.5 billion in Bitcoin and plans to use it to accept payment as well.
I could write an entire book on the reasons the crypto market is so bullish. Speaking of books, here’s an amazing book that discusses the various ways that blockchain technology is changing the future of…
