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📅 July 3, 7:00 – July 9,
Trader uses DCA strategy to turn 86,000 USD into 1 million USD after 8 years of investing in Bitcoin.
A post on X by the account Vivek4real_ drew attention when sharing the story of an investor who has been regularly buying 30 USD Bitcoin every day for the past 8 years, totaling about 86,000 USD – which has now risen to 1 million USD.
This strategy is called DCA (dollar cost averaging), in which the investor buys a fixed amount regardless of market fluctuations. The video attached to the article documents the investment process from October 2020 to April 2022, showing the discipline in accumulating assets despite the large fluctuations in the market.
In the context of Bitcoin's price currently hovering around 108,000 USD, after reaching a peak of 112,509 USD in May, this story further highlights the effectiveness of a persistent and consistent investment strategy.