Question

We all have heard of millionaires, but how do you call someone whose net worth is RM10,000,000 or RM100,000,000?

From the title, it's decamillionaire and centamillionaire.

If it possible to become one?  Can you become one?

What if I tell you it's possible via Bitcoin?

What if I tell you it's probable via Bitcoin if you can either accumulate more, or own it for a longer period? 

Assumptions

• Over the past 4 years, Bitcoin returns was 39% per annum CAGR.
• Over the past 8 years, Bitcoin returns was 79% per annum CAGR.
• Let's assume future Bitcoin returns is 30% per annum CAGR even though the Options Implied Volatility is 60%, implying future annual returns of 60% per annum.   This is KEY ASSUMPTION.
• Another KEY BEHAVIOUR is that you can HODL (do nothing) for years and decades even with 80% market crash and +100,000% returns.  If you can't, you might LOSE!

Results

Observations

1. Look at Year 0 first (today)
   1. Let say BTC price today, in RM is 450,000 per Bitcoin.
      
   2. Let say you can afford only 0.2 BTC (= 20 million Satoshis).  This will cost you RM90,000.
2. Imagine you buy 0.2 BTC and HODL.   (HODL = Hold On for your Dear Life, i.e. "do nothing" i.e. "never sell").
   1. Look at the 0.2 BTC row.
   2. As you go to the right, it shows how much your 0.2 BTC has grown assuming it earns 30% per annum CAGR.
   3. Your 0.2 BTC accumulation will grow to over RM1 million, 10 years later - officially making you a Millionaire!
   4. Your 0.2 BTC accumulation will grow to over RM10 million, less than 19 years later - officially making you a Decamillionaire!
      
   5. Your 0.2 BTC accumulation will grow to over RM100 million, less than 28 years later, officially making you a Centamillionaire!
      
   6. All you need is just 0.2 BTC and 28 years!
   7. Too good to be true?
3. What if you have more monies, and able to own 1.0 BTC and HODL?
   1. In less than 4 years, you become a Millionaire!
   2. In less than 13 years, you become a Decamillionaire!
   3. In less than 22 years, you become a Centamillionaire!
   4. Too good to be true?

What if it's 60% per annum CAGR instead?

1. You get there so much sooner, that it is unbelievable!  Totally unbelievable!!  You calculate yourself!
   

Ramifications

1. For the first time in human history, in this new digital age, everyone have the same access to become millionaire, Decamillionare and even CENTAmillionaire!  Isn't this wonderful?
2. If previously the Internet gives everyone on earth the same access to limitless information, now Bitcoin gives everyone the same access to limitless wealth!   It is limited only by your current wealth and the amount of time you have to accumulate!  Bitcoin is truly the only global currency the world needs!
   
3. You don't need to pick stocks and fail anymore!
4. You don't need to study fundamentals or look at price ticks or price charts anymore! (throw away your FA, your TA and everything else that waste your energy, unless you enjoy doing this ...)
5. You don't need to invest with a fund manager and lose in fees, grossly underperformed passive investing in Bitcoin anymore!
6. You don't need to be a slave to your boss forever, once you hit your target, you leave on your own terms.
7. You finally have a chance to achieve financial freedom, with time, and with some monies invested in Bitcoin!
   

Other ramifications

1. Keep learning about Bitcoin.  There are many youtubes by hard core Bitcoiners in youtube that will then lead you to many more resources about Bitcoin.   There are so many, it's hard to recommend ... but for hardcore Bitcoin HODLers, maybe try this guy first - 

   https://www.youtube.com/@LukeMikic21.   I don't want to give more than 1 but I follow dozens with different styles and different views including the skeptics.   You'll figure out soon enough who's who in the world of Bitcoin.  This will keep you abreast and should things fundamentally change in the world (like an astroid hit the earth like events), you can exit.

2. Security is paramount.   Join a group, ask around, read a lot, listen a lot and always protect your Bitcoin!  Eventually, diversify!  Deca millionaires apparently have many different diversified wallets.  Never lose your wallet.  

3. You will fail only if you cannot stick to the strategy.  Change strategy, and you lose!  It's that simple.

What happened to the guy who bought BTC 8 years ago?

1. 8 years ago ...
   1. 1 BTC = US$3,743, or say RM16.5k.
   2. RM100k investment allows him to own 6 BTC.
2. Today ...
   1. His 6 BTC is now worth RM2.7 million, making him a Millionaire!
3. 8 years from now ...
   1. At 30% CAGR, his 6 BTC will be worth RM22 million, making him a Decamillionaire!
4. 16 years from now ...
   1. At 30% CAGR, his 6 BTC will be worth RM179 million, making him a Centamillionaire!
      
5. He didn't need to be a genius.
   1. Just somebody who spent RM100k to buy 6 BTC 8 years ago and HODL.
   2. Lock that away.
   3. Don't look at it.
   4. Open it 16 years from now and be a Centamillionaire!

Summary and Conclusion

Not a financial adviser.  Not a trading or investing recommendation.  Just a random guy on the Internet.  You are fully responsible for all of your own investment and trading decisions!