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How Much Cardano (ADA) Do You Need To Become A Cryptocurrency Millionaire in 2021? | BitBoy Crypto - YouTube
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as much excitement we're seeing for ethereum聽
and eth 2.0 and the d5 ecosystem on eth聽聽
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we're seeing some substantial excitement for聽
cardano so would you give me your updated聽聽
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thoughts on cardano in 2021 and what you would聽
say how much how many cardano ada do you need聽聽
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to be quote unquote wealthy yeah so in in my聽
opinion um i love cardano like enzo i i feel聽聽
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like a lot of times i make this joke that i i'm in聽
a love triangle with ethereum and cardona because聽聽
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when ethereum's doing good we're talking a lot聽
about ethereum and the cardano people hate us聽聽
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and then when cardano's doing well we're talking a聽
lot about cardano and the ethereum people hate us聽聽
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but we can love both you know like we can believe聽
in a future like like you can believe that like聽聽
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you know uh google and yahoo were both going to聽
be you know market share take up market share and聽聽
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and search on the internet right but of course聽
most people google was better you know has a聽聽
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higher market share a lot of people know that聽
obviously but in the decentralized platform聽聽
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space and decentralized web 3.0 you're not聽
going to just have one player like that's聽聽
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just not going to be the way that it's going to聽
work so i believe there's room for ethereum and聽聽
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cardano and polkadot to some extent i'm i don't聽
like polka dot as much as i like the other two聽聽
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i encourage the imagination i also love solana i聽
love elrond those are two projects that i really聽聽
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like as well they're in the smart contract聽
space um but for cardano specifically i've聽聽
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said this for a long time like even when cardano聽
gets super mega bullish and we start looking like聽聽
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well where can it get like i've stuck to my same聽
prediction which is about eight somewhere between聽聽
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eight and nine dollars for this bull run um and聽
i think we're still gonna get there for sure聽聽
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but the thing is is cardano is a play for four聽
years from now like i think we're seeing kind of a聽聽
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a mini not many that's not the right word we're聽
seeing a macro alt coin season so to speak when聽聽
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it comes to cryptocurrency in general the last聽
bull run obviously bitcoin was pumping the聽聽
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institutional money came in started putting money聽
in bitcoin that was kind of the end of the bull聽聽
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market right this bull run this general money is聽
is in bitcoin but now it's starting to flow down聽聽
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to ethereum and we're starting to see a company聽
like me too meitu over in in asia put a bunch of聽聽
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money in ethereum we're seeing ethereum etfs we're聽
seeing institutional channels we're seeing the聽聽
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futures contracts we got released on ethereum聽
they went from i think it was like 27 million聽聽
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at the end of quarter four last year to like three聽
billion at the end of quarter one like insane聽聽
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institutional demand i think in the next bull run聽
i think we're going to see that institutional man聽聽
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demand start moving to the other coins so you're聽
going to see cardano start getting some benefits聽聽
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uh polka dot chain link start getting some of聽
those benefits um and then who knows i don't know聽聽
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if the institutions will eventually you know put聽
money in micro caps like we see in the the overall聽聽
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crypto market but once that institutional money聽
starts flowing into you know cardano and these聽聽
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other projects that's when that's where the big聽
money is like the retail investors push the blow聽聽
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off top the institutions are what have made this聽
in the corporations as well not just institutions聽聽
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but obviously microstrategy and um you know all聽
tesla right we saw what tesla did with the buy聽聽
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hopefully we're going to get news of you know more聽
buys from corporations over the next few weeks聽聽
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um as these earnings reports come out like i聽
know maybe walmart well that's what a lot of聽聽
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people are saying i think may 18th聽
is the day that we get that report聽聽
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but i think what we're seeing is for聽
the next bull run that's where cartono's聽聽
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true potential is so when you start looking聽
at how high that price can go i mean i聽聽
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it's hard to say for the next bull run but if it聽
were to get to eight to ten dollars on this one聽聽
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you could conceivably see you know somewhere聽
between 50 and 100 in the next one would be聽聽
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achievable and so in that in that case if you聽
say uh from basically let's just say it's at聽聽
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one dollar now it's higher than that but at one聽
dollar to a hundred dollars like that's 100 x聽聽
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so you start working backwards and figuring聽
out how much cardano you would actually need聽聽
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to be a millionaire and you know the number聽
i would think would be somewhere around you聽聽
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know some somewhere around um uh ten thousand i聽
think for ten thousand you could probably become聽聽
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a millionaire down the road with cardano but聽
it's certainly not going to be during during聽聽
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this bull run so do you think speed is a factor聽
uh how much of a factor do you think the speed of聽聽
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launching these smart contracts of of of charles聽
hoskinson and iohk and cardano staying competitive聽聽
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with polkadot who is starting to form their dap聽
ecosystem now how much of a factor will that play聽聽
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i i don't think speed's that important because聽
we're about to go through a bear market聽聽
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you know like so a lot of these projects are built聽
during the bear market um they they come to their聽聽
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final form if you will during bear markets聽
that's where the most work is done because聽聽
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i can and i know you guys can relate to this like聽
i'm exhausted you know like during a bull run like聽聽
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even as just a youtuber like i'm exhausted like聽
i can't imagine for all of the like i can't wait聽聽
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until we have a bear market so i can like go聽
on a real vacation and not have to wake up and聽聽
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make videos or you know whatever like i love聽
i love what i do don't get me wrong but like聽聽
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i've had to put off stuff that i really want to do聽
like i'm going on a two-week trip to alaska like聽聽
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i can't do it this year you know how to聽
do it next year in the bear market so聽聽
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i think that uh you know for projects聽
they're going through the same thing they're聽聽
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they're exhausted right now and so i'm sure聽
they can't even see in front of their face聽聽
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they're working so hard so i think once the bear聽
market comes in they can kind of have a reset聽聽
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and look and so like if we were if this were a聽
different part in the cycle like i think that聽聽
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would matter more but right now everything's聽
speculative right like we're not we're not聽聽
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investing in cardano because we think it's going聽
to be a great platform you're investing it because聽聽
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you think it's going to be worth more by the end聽
of this year than when you're putting money in聽聽
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um but i think once we move to the next bull run聽
uh in four years from now you are going to look聽聽
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there's going to be more you know connectedness聽
if you will between the actual use case uh the聽聽
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market share of the platform so because of that聽
like i think cardano they had the slow road map聽聽
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they're kind of known for that and it is a little聽
discouraging that they have to keep delaying stuff聽聽
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over and over and over again but you gotta admit聽
it seems like a pretty smart plan like launch it聽聽
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the peak of the last bull run聽
right like launch the coin聽聽
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the peak of the last ball run and have it come聽
to its you know to to where it is now during聽聽
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the peak of this bull run where it's actually聽
like decentralized and having the governance and聽聽
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smart contracts and all that like seems聽
like maybe that was the plan the whole time聽聽
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you know to really be launching it during the heat聽
of the bull run so sometimes i think he planned聽聽
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it all like honestly i think i think he planned聽
the entire road map of cardano delays everything聽聽
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to be based upon the peaks of these markets so i聽
think we'll see the same thing in the next one and聽聽
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um you know it's exciting to look at where聽
cardano and polkadot are from the perspective of聽聽
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um they're both they're both about where ethereum聽
was in 2018 you know towards the end of the year聽聽
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ecosystem's starting to fall starting to fill up聽
starting to develop but it's nowhere near where聽聽
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it's going to be so it's going to be a you聽
know several more years where we can really聽聽
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judge how big these ecosystems are and uh you聽
know cardona's got the most engaged community聽聽
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of crypto so anything they launch is going to do聽
well they got a lot of launch pads coming out soon聽聽
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card starter auckland finance we're investing聽
in both those projects excited to see all the聽聽
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projects launched around cardona yes great聽
perspective to watch the full conversation聽聽
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there is a link down below in the video聽
description and if you're interested in learning聽聽
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more about cryptocurrency click subscribe you do聽
not want to miss a daily video see you tomorrow
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