Why are rich people buying bitcoin?

Unless money is wisely invested it will quickly leave you behind and go to someone else. Rich people who buy Bitcoin see it in a similar way as all the other Bitcoin “hodlers”; an alternative asset class and a different way to make money.

Could someone become very rich with Bitcoin?

You could only become rich with Bitcoin if you invested back when it was worth $10,000 and you invested $10,000 into it. Even that will only make you semi-rich. You could still become somewhat rich with Ethereum if you invest $20,000 now, which would return $320,000 to $640,000 at most later this year, but that’s it.

Can bitcoin Make Me Rich?

Can you become rich with cryptocurrency? Many Bitcoin millionaires would say yes; cryptos can make you rich. But there is no guarantee as an investment in cryptocurrencies is speculative. What crypto can make me rich? Nobody can answer this question, not even crypto industry experts.