How Bitcoin Could Help You Retire a Millionaire

Bitcoin (CRYPTO: BTC) recently hit a new all-time high above $125,000, so it's perhaps no surprise that a growing number of crypto investors now think that Bitcoin could eventually hit a price of $1 million. For example, Coinbase Global CEO Brian Armstrong recently predicted that Bitcoin could hit the million-dollar mark within just a few years.There's just one problem here: Most people don't have $125,000 lying around that they can quickly deploy into a millionaire-maker Bitcoin investment. But that's OK, because there's another path to millionaire-status that is just as powerful: dollar-cost averaging (DCA).At its core, a DCA strategy just means that you are investing a set amount of money each week or month, regardless of what's happening in the overall market. Think of it as a sort of "set it and forget it" approach to investing. This approach takes the emotion and psychology out of investing, and ensures that you are always buying more of an asset when it is cheap, and buying less of an asset when it is expensive.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool