According to Forbes' survey, 30% of the world's 65 richest people invest in cryptocurrencies.
Every Third Billionaire Has Direct or Indirect Exposure to Crypto (Forbes Survey)
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Amazing! They do know where to put their monies :)
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They get rich by investing wisely. I wonder at what prices they invested.
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Yes. That we don't know hehe. The good thing is that they are invested in it.
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In fact, they invest not in what is good, but in what they can earn more. There are many experts working for them. Therefore, they can dominate the markets very well. That's why there are thousands of investors following them around the world.
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I see. It's what they do best I guess, earning more hehe.
!CTP
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What they do best is make money with money. If we can use the power well, we will be powerful.
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I personally wouldn't want to copy their investment portfolio. I would take it into consideration but not copy it. Their investment allocation and risk tolerance are not the same as mine. :)
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But there are many people who do this. Institutional and wealthy investors in particular copy it.
They hire dozens of investment and finance professionals. You and I can't handle their portfolio. :)
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If they invested in 2016, they may have also been airdropped an equivalent value of Bitcoin forked crypto such as Bitcoin Cash and Bitcoin SV. In that case, they got wealthy/wealthier not just on money spent but also on found money.
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I don't know how they got rich. But they become powerful by using the power well. And what they do best is making money with money. By making the right investments at the right time and I know many of them invest in a bear market.
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I forget the exact words, and I know it was quoted by some billionaire or other, but this is the idea:
Saving is how capital is formed, and capital is what is used for investing in one's business either with cash, or tools, assets, or other investments. This requires delayed gratification, which poor people haven't mastered. That's just a fact.
Once someone with capital becomes rich, then it's a matter of finding other ways to get rich. Not "get rich quick," but rather get better return on investment. It's like being poor again only the starting point is different and the numbers are different. More options become available, so the income streams become greater.
This is how I see it. I'm not rich, so I can't confirm this.
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Yes, what you said is true. There is no chance of getting rich without investing.
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Investing in crypto is the wise choice 😁
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I love investing in promising assets, especially when the markets are falling.
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