If you purchase Ethereum today, it might probably not make you rich. You might do well and be comfortable, but it will not make you rich.
We need to take a rational approach to our investing, and as interesting as it might be, Ethereum making you filthy rich is not realistic enough. Even if Ethereum does a 100x, we might not even see this happening for a while.
The reality of investing in Ethereum today is that one Ethereum costs about two thousand dollars. If you buy one Ethereum today, it will not make you rich.
Looking at the situation and being very realistic, a 10x for Ethereum over the next few years is an achievable and realistic goal for the asset. This goal is a bull buying prediction assuming everything goes well for Ethereum, but that would give Ethereum a market capital of 2.3 trillion dollars. That would make Ethereum more valuable than Apple, and Apple is a company, which in 2020 sold over 235 million phones and other products.
A 10x for Ethereum is a huge call, it is possible, but it is a very bullish scenario.
In this situation of you buying one Ethereum today and doing a 10x, your two thousand dollar Ethereum has turned into twenty thousand dollars. Twenty thousand dollars is great but is not rich.
If, for instance, Ethereum does a 100x, that would make Ethereum have a market capital of 23 trillion dollars. The prediction is quite absurd.
If you buy more than one Ethereum, for instance, 10 Ethereum, and it does a 10x, in that case, you will have two hundred thousand dollars worth of Ethereum. Assuming a five percent staking rate, which is about ten thousand dollars a year in a passive income. The rate may be less because the more people stake, the less the reward will be. A scenario might come where we will see staking rewards go down to about one or two percent a year.
On the bright side, you have two hundred thousand dollars for yourself, but does that make you rich? It depends on your standards and your definition of rich, but two hundred dollars is a lot of money.
Looking at another aspect, for instance, what if you buy 100 Ethereum? Will it make you rich? In all honesty, if you can afford two hundred thousand dollars to afford 100 Ethereum, you are already rich. If you can lay down two hundred thousand dollars all in the getting Ethereum, you are wealthy.
If Ethereum does a 10x, you will have two million dollars worth of Ethereum, and you will be richer.
Ethereum will not turn you from a regular person with a 9-5 job into a multi-millionaire if you decide to invest in the asset now, but if you want bigger gains, you have to hunt for the lower capital altcoins.
It is very likely for you to see an altcoin do a 100x with massive returns than for you to see those kinds of outsized returns with something like Ethereum.
