You can become a millionaire on the crypto market with investments of up to $50,000. in 2-3 years – an expert
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Many Ukrainians lost money on cryptocurrency because they tried to make a lot of money on it and quickly, however, when understanding this market, virtual assets become a more reliable investment instrument than real estate. — Such an opinion was expressed by International Trade Group managing partner Igor Poroh at the investment conference “Invest Talk Summit”.
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The expert does not agree with the traditional division of investments into “classic” (in particular, real estate and the stock market) and investments in cryptocurrencies.
“I think that crypto will be in our world and will occupy a significant share of investments. The reason is that the crypt is the only decentralized instrument. If an investor buys an apartment, he has risks that everyone can see now. If he trades on the stock market, he needs a broker, that is, an intermediary. If you keep the funds in the bank, it means that someone decides what rate to pay when you can withdraw the funds. There is no such thing in the crypt. You remain liquid if you understand what you are buying. If you keep crypto in the right wallets or use decentralized exchanges, you have complete control over these assets, you decide when to sell them and at what price,” explains Igor Poroh.
According to him, cryptocurrencies are risky investments, but as recent times have shown, any investment is risky.
Is it possible to become a millionaire thanks to crypto
In order to deal with cryptocurrency, Poroh says, you should approach this market more professionally, know how it works and how to buy on it.
“It is possible to become a millionaire in crypto if you are on the wave of the bull market. This can be done in 2-3 years with investments from $10 to $50 thousand. However, it is necessary to prepare for entering this market. In a bear market, you have six months or an hour to gather more information and then use it when the time comes,” he says.
About “Invest Talk Summit”
On May 27, the investment conference “Invest Talk Summit” was held, organized by the Ministry of Finance website with the support of the Academy of the Ministry of Finance and Finance.ua.
The conference was attended by investors, owners of leading Ukrainian companies, managers and experts in the field of finance. They discussed the current situation in the economy and forecasts of its further development, as well as gave their recommendations on investments in the real estate market, cryptocurrency, balancing the investment portfolio, etc.
Access to the full speech of Igor Poroh and other participants of the “Invest Talk Summit” can be purchased here.
Source: Ministry of Finance
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