The last cryptocurrency trading cycle, which occurred between 2019 and 2020, saw a peak in November 2021 before a retracement. During this bull rally, an expert named Michaël van de Poppe supposedly turned a $40,000 investment into $10 million by trading and investing in altcoins. He achieved this 250-fold return by having good timing for buying and selling cryptocurrencies and utilizing compounding through staking. Another prominent crypto millionaire, James Fickel, has primarily held his position in Ethereum staking through different compounding tools. If these expectations hold true, traders and investors may have the opportunity for significant returns, but caution is advised given the high volatility and unpredictability of cryptocurrencies.
- Content Editor ( finbold.com )
- 2024-09-28
Expert explains how he turned $40,000 into $10 million last cycle