XRP Slips To $1.65, But History Whispers: Millionaires Were Made This Way
Major cryptocurrencies plunged to multi-month lows today as investors sold off digital assets amid broader market concerns. XRP fell to $1.65, Bitcoin dropped to $74,100, and Ethereum crashed to $1,390 in what analysts are calling a significant market correction. Related Reading: Ethereum Slips Below Triangle—Is A $1,600 Crash Next? XRP Loses 20% In Single Day According to market data, XRP experienced its worst trading day since November 2024, falling 20% from $2.11 to $1.65. This sudden drop comes as part of a wider sell-off affecting the entire cryptocurrency sector. The biggest....
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Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000. Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net....
While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022. 83% of Millennial Millionaires Own Cryptocurrency, According to Recent CNBC Millionaire Survey CNBC recently conducted a survey that shows 83% of millennial millionaires own cryptocurrency. The survey polled investors that have assets worth $1 million or more and....
Dogecoin (DOGE) started out as a meme, dog-themed cryptocurrency in 2013 designed to make fun of speculations about the sector back then. But for some of those who bravely took the risk with the asset, the altcoin proved to be more than just a joke as it became their ticket in becoming millionaires. According to […]
Thousands of new bitcoin millionaires were added this past year after the multiple rallies the digital asset saw. At its peak, it only required 14.5 bitcoins for a holder to be a BTC millionaire, much lower than it had ever been in the past. Due to this, the number of bitcoin millionaires rose quickly and tens of thousands of new millionaires were added to the tally. Now, however, with the recent price crash, a lot of bitcoin millionaires have lost their millionaire status. Given that the digital asset has lost almost 50% of its all-time high value, the number of millionaires has dwindled....
Bitcoin has made its own fair share of millionaires and with the recent bull rally, there is no doubt that this number went up drastically. This has led to a number of issues of investors who have made their money off the digital asset, the main one being taxes. A lot of these millionaires have begun to flee to places with less strict tax laws, as well as better weather conditions. Bitcoin Millionaires Flock To Puerto Rico A recent report from CNBC documents the movements of bitcoin millionaires towards Puerto Rico and its beautiful islands. The subject of the report, 36-year-old crypto....