Despite its reputation as one of the most lucrative asset classes, the crypto industry has yet to generate notable returns over the past two years. Pepe reignited the hype in May, climbing to a multi-billion dollar market cap and kickstarting a meme coin frenzy. However, its momentum has since dwindled, and the hunt for the next cryptocurrency to explode has begun.
One new crypto displaying high potential is Bitcoin BSC, a Bitcoin alternative built on the Binance Smart Chain for simplicity, increased performance, and better eco-friendliness. With the project’s presale almost halfway to its soft cap in its first two weeks, could this be the next crypto to make millionaires?
Is $1 Million From a $1K Bitcoin BSC Investment Realistic?
To those unfamiliar with the monumental returns some cryptos offer, becoming a millionaire from a $1K investment may seem like a fantasy. However, those with bull market experience understand these gains are common in crypto.
For example, buying $1K of Bitcoin in 2011 at $1 would have yielded $1 million when the Bitcoin price hit $1K – on 28 November 2013. That same investment would be worth over $26 million at its current price.
Indeed, those new to the industry may think that this is an anomaly, a once-in-a-lifetime opportunity that has passed. Yet the truth is that these high-potential cryptos arise all the time.
For instance, the Ethereum initial coin offering (ICO) launched in 2014, priced at $0.3. A $1K investment in the ETH ICO would have equaled 3,333 ETH, currently valued at an eye-watering $5.2 million based on its price of $1,584.
If that investment horizon is too long for you, or you believe these are outliers, consider Pepe coin, which launched this year.
It has no formal team, roadmap, or use case but has still created countless millionaires. For example, one trader generated $1.6 million from a mere $20 investment. While gains of this magnitude are rare, it still displays the unprecedented opportunities the crypto market regularly provides.
Next Cryptocurrency To Explode?
Due to their significant valuations, cryptos like Bitcoin, Ethereum, or Pepe are unlikely to see gains as explosive as previously. However, Bitcoin BSC is in its early stages with a low price, providing more upside potential.
Bitcoin BSC is rolling back time to 2011 when Bitcoin was priced at $0.99. Bitcoin BSC has the same capped supply as Bitcoin of 21 million tokens, and presale investors can buy it for just $0.99 for a limited time.
6.125 million tokens are now available in the presale at bitcoinbsc.io (the amount of Bitcoin in circulation in 2011), and much of the remaining tokens will be allocated to staking rewards. They will be unlocked over a 120-year schedule.
As mentioned, Bitcoin BSC is native to the Binance Smart Chain, providing several unique advantages over Bitcoin that have fared it a hit among investors. The crypto boasts impressively low fees and quick transactions, and holders can earn passive rewards by staking their tokens.
Simplistic Stake-to-Earn Mechanism Provides a Generous 290% APY
Bitcoin uses a function known as mining to distribute coins throughout the network. This enables people to earn Bitcoin by helping manage and secure the network. However, mining has been highly criticized for being complex, costly, and environmentally unsustainable.
Meanwhile, Bitcoin BSC uses Stake-to-Earn, which is beginner-friendly, free to get started, and uses virtually no energy compared to Bitcoin mining. Staking rewards are released every 10 minutes, and presale investors can begin staking and earning passive rewards immediately.
Currently, Bitcoin BSC offers a 290% annual percentage yield (APY). In comparison, Ethereum staking currently provides roughly 4% APY. While Bitcoin BSC’s staking APY will decrease as the staking pool size increases, it still presents a lucrative opportunity for early investors to compound their presale investment.
“Bitcoin on BSC” Hints to Bullish Future
Bitcoin alternatives have boomed recently, with a “Bitcoin on Ethereum” project, BTC20, pumping 5x following its presale. The project featured a similar concept to BTC20, except Bitcoin BSC is faster and more scalable since it is built on BSC.
Meanwhile, the more scalable Bitcoin fork, Bitcoin Cash, has pumped over 90% since June. The reason Bitcoin alternatives can perform so strongly is that they have lower market caps, meaning their prices increase more with less investment.
The bullish sentiment is also shared by prominent analysts, with YouTuber Jacob Bury calling Bitcoin BSC the “next 10x potential presale”.
Today one of the largest crypto Youtubers, Joe Parys with 382K subs, reviewed BTCBSC in a ‘top five Bitcoin alternatives’ video.
Leading crypto aggregator sites such as ICOBench and Coincodex also rate BTCBSC among the top presales to watch.
With this in mind, the Bitcoin BSC presale looks to be a quick sellout – particularly since it has already raised $1.8 million with a soft cap just under $4 million to launch the project.
While it remains to be seen if $1K can make you a Bitcoin BSC millionaire, the project appears to hold lots of potential, further compounded by its staking rewards. Therefore, investors looking to secure Bitcoin on BSC for $0.99 should act fast.
