Rich Dad Poor Dad author Robert Kiyosaki has stated that bitcoin is the easiest way to become a millionaire because the cryptocurrency “does the hard work.” He contrasted this with entrepreneurship, which requires significant intelligence, dedication, and luck. “That is why I love bitcoin,” he emphasized. Bitcoin Is the Easiest Route to Millionaire Status, Robert […]
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Zimbabwean Millionaire Crypto Couple Rescued After Kidnapping by Individuals Posing as Interpol Officers
A Zimbabwean millionaire couple, based in South Africa, has been kidnapped by a gang seeking to profit from their cryptocurrency valued at .9 million. The couple, Professor Sheperd Sikhosana and his wife, Sekayi Adelpha Sikhosana, were kidnapped in Pretoria, South Africa, and smuggled into Zimbabwe. The gang, led by Moses Nhachi Chademana and Liam Evans, […]
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Bitcoin Millionaire Takes A Shot At Cardano For Being A ‘Wannabe Ethereum’ – Details
Cardano (ADA) is being caught in the crossfire once again as Bitcoin millionaire Arthur Hayes is taking shots at the network. Arthur, who is known for being a founder and former CEO of the BitMex crypto exchange, has been vocal about his dislike for the network, which he believes is trying to be like Ethereum.
Cardano Is A Wannabe Ethereum
In an interview with Coin Bureau, Arthur Hayes did not hold back while sharing his scathing review of the Cardano blockchain. The interview, which focused on the performance of Bitcoin and the crypto market so far, pivoted toward Cardano, which Hayes seems to believe is a low-quality copy of Ethereum.
The millionaire started out by warning investors to steer clear of altcoins, which seem to be all buzz and no substance. These projects which he believes should reflect on being “marketed too heavily” have had a track record of imploding and not surviving the market.
Turning to Cardano, Hayes delivered a scathing comment when he called the network the “first wannabe Ethereum.” Furthermore, the founder also does not believe that the network is all that relevant to the crypto industry and explains that the Cardano network is currently at risk of being irrelevant unless it finds some way to set itself apart from the countless Ethereum competitors out there.
Hayes also talked about the Spot Bitcoin ETFs, which were approved for trading in January. But contrary to the warm reception that these exchange-traded products have received, Hayes posits that it is not a win for crypto. Rather, it is a fee-generating vehicle for asset managers such as BlackRock, he explained.
Still Not Convinced About ADA
Hayes’s comments about Cardano have not been limited to the Coin Bureau interview alone as he also took to his X (formerly Twitter) page to bash the network once again. In the post, Hayes refers to the network as “dog sh*t”. He pointed out that the most active decentralized applications (DApps) on the network were not originally launched on Cardano, questioning if the network has any offering that is widely used by investors,
Hayes takes the bashing a step forward by tagging Charles Hoskinson, founder of the Cardano network, and asking him to educate him about the network. However, instead of the usual clapbacks that Hoskinson is known for, he takes a more lighthearted tone, saying, “Arthur, why are you throwing shade at Cardano? I like you man.”
Presently, Cardano continues to show strength after its Total Value Locked (TVL) rose 18% in the last month to cross 4 million. This makes it the 16th-largest network by TVL, in front of the likes of Coinbase’s Base and Aptos, according to data from DeFiLlama.
Top 3 Meme Coins Under $50M Market Cap That Could Make You A millionaire Like BONK
Solana-based BONK has emerged as one of the best performers over the past week even after meme coins put on a good show for investors. However, given that the meme coin has since crossed the billion market cap threshold, some will argue that the potential to make a lot of profit has diminished already, leading to a hunt for other meme coins that could end up putting on a similar rally. So here are the top 3 meme coins under a million market cap that could see a lot of upside in the right conditions.
Doge Killer (LEASH) Tops List Of High Potential Meme Coins
The Doge Killer (LEASH) coin is the brainchild of the Shiba Inu team which made its name as the OG ‘Dogecoin killer’. As the Shiba Inu ecosystem expanded, so did the potential, and a number of tokens have since made their way out from the team, including BONE and LEASH.
However, while Shiba Inu and BONE have since crossed the 0 million market cap mark, LEASH remains the lowest-rated SHIB ecosystem token in terms of market cap. Putting it in contrast with the performance of its predecessors, the LEASH token shows a lot of promise, especially in a bull market.
It is one of the most popular meme coins still under a million market cap, meaning that there could be at least a 10x increase expected from here. This makes LEASH a good opportunity for investors looking for smaller cap meme coins.
Wojak (WOJAK) Meme Coin Rides PEPE Hype
Wojak (WOJAK) was one of the many meme coins that made their way out of the woodwork following the PEPE pump earlier in the year. But unlike many others, WOJAK has persevered after securing multiple centralized exchange listings.
Following the decline in the meme coin prices over the last few months, the WOJAK market cap fell drastically. Currently, it is sitting at a million market cap, while PEPE’s market cap is still over 0 million. In the event of a PEPE rally, the chances of WOJAK making a run for it are high. So there could be a 10x opportunity with this coin.
Solana-Based Myro (MYRO) Enters The Scene
Following the success of BONK, Solana-based meme coins have been making a killing in the market, but none have seen more success than Myro. The Myro meme coin previously rallied to a million market cap. However, it has since corrected and is trading at just million at the time of this writing.
If the Solana ecosystem outperformance continues, Myro could follow in the footsteps of BONK as more money flows into the ecosystem. Reaching even a 0 million market cap would mean more than 10x its current price, making it a good meme coin to keep an eye on as the market develops.
3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024
Bitcoin is still the leading proof of work blockchain and has already made massive moves over the years, with countless millionaires at the same time. However, with the price of Bitcoin having moved so much already, the upside is fairly limited, especially for crypto investors who do not have ample buying power to make a Bitcoin investment worth their while.
In this vein, altcoins offer the best opportunity for smaller and retail investors to make the most money. But not just any altcoins; these coins also employ the proof of work mechanism, just like Bitcoin, making them a good choice, especially when they are newly launched.
QUBIC: A Proof Of Work Coin Like Bitcoin
The Qubic (QUBIC) coin is already making the rounds on social media platforms such as X (formerly Twitter) and with good reason. The blockchain uses a proof of work mechanism like Bitcoin. Led by IOTA co-founder Dominik Schiener, it has already garnered a reasonable following based on Schiener’s reputation.
The coin is still trading well below .1 which could make it a good buy in the long run. With a current circulating supply of 71.425 trillion, its current market cap is currently sitting at around 0 million. 16% of the total supply has reportedly been burned already.
Nexa (NEXA) Leads POW Altcoins
Next (NEXA) is another proof of work blockchain, but unlike Bitcoin, it uses the UTXO Layer. This means that Nexa is a proof of work blockchain that is also able to support native tokens and smart contracts. To mitigate the problem of scalability often encountered by the likes of Bitcoin and Ethereum, Nexa employs Signatures and UTXO lookups.
The Nexa token is currently trending below one cent with an around million market cap at the time of writing. Given the kind of run that Kaspa (KAS) had even through a bear market, it puts in perspective the opportunity that lies with this token.
Firo (FIRO)
Firo (FIRO) is another proof of work coin that also holds a lot of promise among the altcoins that fall into this category. It rebranded from ZCoin and is a privacy-first coin, meaning it mixes two of the most sought-after attributes right now in the crypto market.
Its price is .87 with a fully diluted market cap of under million. This makes it the coin on this list with the lowest fully diluted market cap. Its price has been relatively stable for the last week, which could suggest that accumulation is happening ahead of a possible breakout.
Top 5 Bitcoin-Like Altcoins That Could Make You A Millionaire In The Crypto Bull Run
With every crypto bull market, there are always altcoins that take the path of Bitcoin and end up securing good profits for their holders. With the larger options like Bitcoin already big enough to the point that their potential for high upside is limited, here are 5 altcoins that could make a Bitcoin-like run in the next bull market.
Arbitrum (ARB) Leads The Altcoins
Arbitrum (ARB) is a token that was launched less than a year ago in the thick of the bear market and can be said to have done reasonably well since then. The altcoin is still trading under the mark which makes it a prime mark to make a Bitcoin-like rally.
It is also one of the altcoins that are backed by a full-fledged Ethereum Layer 2 network, making it possible for users to carry out transactions for cheap on the Ethereum network. This coin boasts a significant user base and could rally at least 10x in the bull market.
Pepe Coin (PEPE) To Rally In The Crypto Bull Market
Just like Arbitrum, Pepe Coin (PEPE) was launched this year at the height of the bull market but that didn’t stop it from making a splash. The coin went from under 0,000 market cap to over billion in less than a month, which secured it the position of the third-largest meme coin in the space.
PEPE’s price has since retraced with its market cap sitting below 0 million. But this makes it a prime time for picking up the token. In the last bull market, meme coins like Dogecoin crossed the billion market cap mark and a rally to a billion market cap for PEPE would be a 20x return already.
Stellar (XLM) Goes The XRP Way
Stellar’s (XLM) value proposition has always been in its similarities to the XRP ecosystem and its ability to be integrated as a payments system. The blockchain offers very fast and cheap transactions compared to the likes of Ethereum, making it a prime target for those who do not want to spend too much on fees.
However, unlike XRP, the XLM price is still sitting at just .12 and its market cap is at a mere .2 billion. A return to its all-time high price of .9 would mean a 9x from here. But as far as bull markets go, previous all-time highs are often broken which could send XLM’s price flying.
Flow (FLOW) Joins The Altcoins List
Of the altcoins listed here, Flow is one whose price trajectory could closely resemble that of Bitcoin or Ethereum. Flow is a Layer 1 Proof of Stake blockchain which makes it a competitor for Ethereum. The blockchain already established itself as a major player when it was announced to be the blockchain powering non-fungible tokens (NFT) on Instagram in 2022.
If more large partnerships like these continue, then it is a no-brainer that FLOW crosses the mark in the bull and this would be the low end of it. Nevertheless, a rise to is already a 10x for investors from here, and could significantly be more.
Trust Wallet Token (TWT) Presents Unique Opportunity
With the major centralized exchange crashes that have happened over the last few years in the crypto space, self-custody has become an increasingly popular movement among crypto investors. Software wallet providers such as Trust Wallet Token (TWT) have already begun to enjoy this exodus from centralized exchanges and this is expected to continue.
The TWT token is currently still at .06 with a market cap of 2 million, meaning there is still a lot of room to grow. As the adoption of self-custody grows, so will demand for wallets like Trust Wallet, and with demand comes higher token prices. And the cherry on the cake is that the software wallet is owned by Binance, the largest crypto exchange in the world.
Analyst Predicts XRP Price To Hit $100: Here’s How To Become A Millionaire
Several crypto analysts and influencers in the XRP community have continued to make their predictions as to the future of the XRP price. This time, another has predicted the token to rise to 0 and given tips on how one could make money from this occurrence.
How To Make Million From XRP
In a post shared on the X (formerly Twitter) platform, Crypto Analyst and XRP influencer Crypto Assets Guy stated that XRP had the potential to reach 0 in 3-5 years. As to the best way XRP holders could benefit from such a significant increase in XRP’s price, he opined that holding 10,000 XRP is enough for those holding long-term.
He further calculated the potential returns that these holders stood to gain if his prediction were to come through. Going by this, holders could gain as much as million, assuming they were holding 10,000 XRP and each token was worth 0 in the next three to five years.
Some seemed to agree with the analyst’s prediction, with one particular X user stating that XRP “should” break 0 long before then, especially due to institutional interests. On the other hand, many seemed to disagree with the prediction and stated that it was almost impossible for the token to hit 0 by then.
There was also the category of people who seemed tired of such predictions as they stated that they had heard similar predictions in the past (years back), and still, there hasn’t been any notable increase in the token’s price.
XRP Price Prediction Factual Or Otherwise?
The future XRP price is arguably one of the trending topics in the X crypto community, as analysts and influencers have continued to make predictions on the token’s trajectory. While some have based their prediction on certain indicators and fundamentals, others seem to be making these predictions without any conviction or any basis for it.
With this in mind, some members of the XRP community have gone as far as accusing these influencers of simply making these predictions for engagement farming. Interestingly, the influencer Crypto Assets Guy who had made this 0 prediction was the same person who had some days back stated that XRP wasn’t going to hit “000, 00, or any time soon.”
Although one can’t assertively state what he meant by “any time soon” in this context, it raises eyebrows as to the analyst’s recent prediction, considering that he seemed less optimistic about XRP’s future trajectory just days back.
Dogecoin Millionaire Explains Why He’s Still Bullish On DOGE Despite Taking Heavy Losses
Investing in cryptocurrencies like Dogecoin can be tricky, as the nascent market is known to be the most volatile in terms of price movement. One day, an investor triples his investment, and the next day, all of it is gone. So knowing when to sell and exit a position can sometimes be challenging.
This is the recent case of a once-DOGE millionaire who has seen the worth of his holdings fall from almost million to ,000. However, despite the ups and downs, this long-time HODLer believes Dogecoin has staying power.
Still Bullish On Dogecoin
Dogecoin has come a long way since its creation as a joke. The cryptocurrency saw its value spike dramatically in 2021, making early investors sudden millionaires in the process. At the peak of its rally, DOGE rose from a market cap of .2 billion to .26 billion in less than five months to reach a price all-time high of .74.
One of these investors who became millionaires overnight as a result of this rise was Las Vegas resident Glauber Contessoto, known as SlumDOGE Millionaire on social media platform X. During the rise of DOGE, this investor saw his holdings reach .9 million and was popularly known as one of the first Dogecoin millionaires.
The hype bubble has since popped, and the value of Dogecoin has toppled, with the cryptocurrency now trading at .06378. This would see Contessoto’s holdings now worth around ,000.
Despite his loss, Contessoto continues to have trust in Dogecoin. According to a social media post, he mentioned how dog theme meme coins have a better chance of spiking than other meme coins.
“I feel like they will rise again,” he said. He said this while noting the success of frog-themed crypto PEPE.
I honestly don’t think Dog themed meme coins are done.
I feel like they will rise again
$PEPE had it’s run, frog was cool
But dogs are where it’s at foreal
— SlumDOGE Millionaire (@ProTheDoge) August 23, 2023
Contessoto is not the only one that has witnessed the value of his DOGE holdings fall dramatically. Another investor, Keith Johnson, who suffered losses, made headlines for filing a 8 billion lawsuit against Elon Musk. Known as the Dogefather because of his support for Dogecoin, Musk’s tweets regarding the crypto have regularly led to price spikes.
What’s Next For DOGE?
Even though Dogecoin has continued to struggle, the meme coin has had its moments this year. In July, DOGE saw a brief spike in price, leading it to become the 8th-largest cryptocurrency by market cap. But while the Dogecoin ecosystem has gathered a huge community, things seem to be calm at the moment.
At the time of writing, DOGE is trading at .06366, down by 6% in the past seven days. However, many DOGE investors hope to see a price spike if DOGE is finally accepted as a payment method on social media platform X.
Another Crypto Millionaire Has Been Found Dead
Another shocking discovery has rattled the crypto sector as Christian Peev, a 41-year-old US cryptocurrency investor has been found dead.
Christian Peev’s Alleged Murderer Was A Friend
According to Peev’s cousin, the crypto investor disappeared in early August, and growing increasingly worried, Peev’s cousin reported him missing to authorities on August 10, which prompted an investigation.
The dismembered body of the American-Bulgaria investor was found days later by plumbers called to fix a blocked drain in Sofia, Bulgaria, who eventually discovered that it was pieces of a human body that caused the blockage.
The remains were later identified to be Peev’s body, although parts of the body, like the head and bones were missing. These were found to be buried as the murderer could not flush them down the toilet.
Following the discovery of the remains, a bartender, Vesco Valchinov has been named as the prime suspect in connection to the murder of Peev. Christian Peev was known to be highly recognized in top events and parties, where he met the bartender.
According to sources, Vesco Valchinov and Christian Peev met at a bar about 5-6 years ago, and Peev being a formidable and knowledgeable crypto enthusiast introduced Valchinov to the world of cryptocurrency.
Valchinov became the prime suspect in Peev’s demise as surveillance footage showed that both Valchinov and Peev were seen entering Valchinov’s residence on August 8, but Valchinov was the only one seen leaving his residence the following day.
Forensics show that Valchinov allegedly killed Peev with a dumbbell in his residence. However, Valchinov was not the only one involved in the demise of Christian Peev.
Konstantin Subotinov who was believed to be an accomplice to Valchinov was also arrested by authorities and later confessed that he helped Valchinov in disposing of the remains of Peev’s body by driving some of the parts to Vitosha to bury them.
Valchinov apparently knew the authorities were onto him and he tried to lose his tail by fleeing to a hotel in Vitosha. But unfortunately for him, authorities tracked his phone and he was apprehended the following day.
Could The Murder Be Money Related?
Although the authorities and investigators believe that the murder of Christian Peev is money related, as Peev had amassed a considerable fortune from his crypto investments, jealousy has also been seen as a potential motivation for the murder of Peev.
Investigators speculate that Valchinov might have been jealous of his friend Peev and the fortune he has built for himself. However, the investigation is still ongoing, and more details will be unveiled, as authorities tend to crack the case and figure out what led to this tragedy.
Peev’s death marks the second crypto investor found murdered and dismembered in less than a month. In July, crypto influencer Fernando Pérez Algaba was found dead in Buenos Aires, Argentina.
According to authorities, Algaba’s remains were found in a suitcase and his death is believed to be connected to a significant debt he owed.
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB).
Tim Draper Touts Bitcoin as Hedge Against Bank Failures
Tim Draper, a well-known venture capitalist and crypto enthusiast, has recommended bitcoin as part of his cash diversification advice for business founders. Draper, known for winning an auction of 30,000 bitcoins from the U.S. Marshals back in 2014, and for his bitcoin price predictions, posted a document on Twitter that comments on several considerations businesses should make in the face of bank failures.
The document, which presents seven different ways to avoid a cash crunch, states:
Since boards and management are responsible for making payroll, even in times of crisis, it is important to build out contingency plans for bank failures that could happen more and more often if government continues to print money and whipsaw interest rates to counteract inflation caused by the over-printing of money.
Draper comments that the collapse of Silicon Valley Bank (SVB) showed the importance of having a sound contingency strategy in uncertain times.
Per different reports, many tech startups that were dependent on Silicon Valley Bank faced a period of uncertainty when the bank collapsed, not having the necessary liquidity to complete payroll payments. However, the U.S. Federal Deposit Insurance Corporation (FDIC) averted the situation and made customers’ deposits whole under a systemic risk exception approved by the Federal Reserve.
Bank Diversification Recommendations
One of the key points in Draper’s cash management plan, which was designed with the help of Wharton school individuals, is the diversification of banking risk. Draper states that businesses can no longer rely on just one institution to manage their cash, advising to keep at least six months of short-term cash in two banks — one local and one global bank.
Also, Draper advises keeping at least two payrolls worth of cash in bitcoin or other cryptocurrencies, maintaining excess money in assets saleable for emergencies. He supports taking these measures by stating:
For the first time in many years, governments are taking over banks and governments themselves are at risk of becoming insolvent. Bitcoin is a hedge against a ‘domino’ run on the banks and on poor over-controlling governance.
What do you think about Tim Draper’s advice on keeping bitcoin as a hedge against bank failures? Tell us in the comment section below.