Could Bitcoin BSC Be the Next Crypto to Make Millionaires?
Despite its reputation as one of the most lucrative asset classes, the crypto industry has yet to generate notable returns over the past two years. Pepe reignited the hype in May, climbing to a multi-billion dollar market cap and kickstarting a meme coin frenzy. However, its momentum has since dwindled, and the hunt for the next cryptocurrency to explode has begun.
Is $1 Million From a $1K Bitcoin BSC Investment Realistic?
To those unfamiliar with the monumental returns some cryptos offer, becoming a millionaire from a $1K investment may seem like a fantasy. However, those with bull market experience understand these gains are common in crypto.
For example, buying $1K of Bitcoin in 2011 at $1 would have yielded $1 million when the Bitcoin price hit $1K – on 28 November 2013. That same investment would be worth over $26 million at its current price.
Next Cryptocurrency To Explode?
Due to their significant valuations, cryptos like Bitcoin, Ethereum, or Pepe are unlikely to see gains as explosive as previously. However, Bitcoin BSC is in its early stages with a low price, providing more upside potential.
Bitcoin BSC is rolling back time to 2011 when Bitcoin was priced at $0.99. Bitcoin BSC has the same capped supply as Bitcoin of 21 million tokens, and presale investors can buy it for just $0.99 for a limited time.
Simplistic Stake-to-Earn Mechanism Provides a Generous 290% APY
Bitcoin uses a function known as mining to distribute coins throughout the network. This enables people to earn Bitcoin by helping manage and secure the network. However, mining has been highly criticized for being complex, costly, and environmentally unsustainable.
Meanwhile, Bitcoin BSC uses Stake-to-Earn, which is beginner-friendly, free to get started, and uses virtually no energy compared to Bitcoin mining. Staking rewards are released every 10 minutes, and presale investors can begin staking and earning passive rewards immediately.
Currently, Bitcoin BSC offers a 290% annual percentage yield (APY). In comparison, Ethereum staking currently provides roughly 4% APY. While Bitcoin BSC’s staking APY will decrease as the staking pool size increases, it still presents a lucrative opportunity for early investors to compound their presale investment.
“Bitcoin on BSC” Hints to Bullish Future
Bitcoin alternatives have boomed recently, with a “Bitcoin on Ethereum” project, BTC20, pumping 5x following its presale. The project featured a similar concept to BTC20, except Bitcoin BSC is faster and more scalable since it is built on BSC.
Meanwhile, the more scalable Bitcoin fork, Bitcoin Cash, has pumped over 90% since June. The reason Bitcoin alternatives can perform so strongly is that they have lower market caps, meaning their prices increase more with less investment.
With this in mind, the Bitcoin BSC presale looks to be a quick sellout – particularly since it has already raised $1.8 million with a soft cap just under $4 million to launch the project.
While it remains to be seen if $1K can make you a Bitcoin BSC millionaire, the project appears to hold lots of potential, further compounded by its staking rewards. Therefore, investors looking to secure Bitcoin on BSC for $0.99 should act fast.
