How to Become a Millionaire with Cryptocurrency

How to Become a Millionaire with Cryptocurrency

The stories are everywhere. Someone invested $1,000 in a new cryptocurrency and woke up the next day with over $1 million. Such tales of easy money riches fueled by crypto assets capture our imagination. While luck plays a role, these outlier events conceal the more mundane path many follow to grow wealth systematically through the cryptocurrency market.

I, too, dreamed of becoming a Bitcoin millionaire when I entered the crypto market. Reality, however, proved less glamorous. Over two four-year market cycles—encompassing mistakes and gradual learning—I built my crypto investment portfolio into more than $1 million. Along this journey, I moved beyond dreaming of lottery wins to implementing a patient, disciplined strategy.

Today, I can share the approach that helped me to achieve millionaire status—not overnight, but over eight years. In this article, I will realistically show you how cryptocurrency wealth is built over time using two key principles: 

1. Understanding the four-year cycles driven by Bitcoin’s programmed halving events and

2.  Sticking to a strategy that aligns investments with those cycles.

Here is the core truth overlooked by those seeking to become a cryptocurrency millionaire through luck: Bitcoin was intentionally designed to cycle between periods of rapid price growth and periods of decline. These long-wave cycles present informed investors with the opportunity for large gains. My strategy aligns my investing decisions with these cycles.

The journey ahead will explain the four-year cycle in detail, walk through the highs and lows of my own crypto investing history, outline the specific investment approaches I used in good and bad periods, and equip you to begin implementing a cycle-aligned strategy.

I aim for this to provide the true context lacking in “get rich quick” tales. My advice is practical. It doesn’t involve risking capital in the initial coin offerings (ICOs) of new cryptocurrencies. And it doesn’t involve buying meme coins such as Shiba Inu, or relying on a kind word from billionaires like Elon Musk.

It does involve patience. If you are ready to take a disciplined path to become the next crypto millionaire, let’s begin.

The Four-Year Bitcoin Investment Cycle

To leverage the crypto market cycles for growing wealth requires understanding the distinct crypto phases that repeat in predictable sequences. These cycles of crypto winter, consolidation, halving rallies, and bull runs have dictated the rise and fall in the price of Bitcoin over the past decade. They originate from Bitcoin’s core programming.

Here is how each phase tends to unfold:

Crypto Winter

Following the past market peak, asset values decline dramatically in a bear market typically lasting one year. Investor enthusiasm fades as prices remain depressed for an extended time. My second crypto winter in 2018 saw Bitcoin fall more than 80%, from nearly $20,000 to about $3,200.

Consolidation Year

As selling pressure exhausts, prices stabilize and trade within a range. This period represents accumulation as investors build positions in preparation for the next rally. The year after the 2018 crypto winter saw Bitcoin trade between $3,200 and $13,000.

Halving Year

Every four years the Bitcoin protocol cuts in half the number of new coins issued to miners. With supply growth slowed against steady demand, prices tend to rise. The 2020 halving sparked a year-long rally taking Bitcoin to about $30,000.

Bull Run Year

As media hype returns, widespread FOMO drives prices to exponential peaks. Following the 2020 halving, 2021 saw Bitcoin briefly crest near $69,000.

History of the Four-Year Bitcoin Investment Cycle

I’ve shared this table previously in an article discussing why Bitcoin could reach between $108,000 and $219,000 in 2025. It’s worth reviewing again.

YearYoY % Gain / Loss
2026 – Crypto Winter
2025 – Bull Run 
2024 – Halving 
2023 – Consolidation157%$42,489
2022 – Crypto Winter– 64.24%$16,530
2021 – Bull Run59.41%$46,230
2020 – Halving304.97%$29,000
2019 – Consolidation93.85%$7,161
2018 – Crypto Winter– 73.39%$3,694
2017 – Bull Run1,336.85%$13,880
2016  – Halving124.13%$966
2015 – Consolidation34.27%$431
2014 – Crypto Winter– 56.15%$321
2013 – Bull Run5,530.77%$732
2012  – Halving160%$13

While 12 years provides limited data, Bitcoin’s four-year cycles have manifested with precision. The greatest bull market years for crypto (2013, 2017, 2021, and 2025?) consistently followed Bitcoin halvings by 220 days. Major bear markets played out in the interim years as well (2014, 2018, 2022, and 2026?).

Though not exact to the calendar, these boom and bust years provide a framework for expecting the market’s direction. If the pattern holds, 2025 should culminate the next Bitcoin bull run followed by downward moves in 2026.

Of course, several more four-year market cycles must pass before declaring absolute consistency. However, the root cause—Bitcoin’s halving mechanism which reduces new supply by 50% every four years—should continue driving this timeframe.

It’s worth nothing that while other coins (eg Ethereum) have their own supply-demand dynamics, Bitcoin nonetheless dictates the overall crypto market direction. When Bitcoin rallies, money tends to rotate into altcoins seeking bigger gains. When Bitcoin declines for sustained periods, overall bearish sentiment depresses altcoin markets as well.

Therefore, while each cryptocurrency has unique factors, they remain tied to Bitcoin’s cyclical patterns. This makes the four-year Bitcoin cycle a useful guidepost for developing any crypto investing strategy.

My Journey to Crypto Millionaire Status

When Bitcoin first captured my attention in 2013 by surpassing $1,200, I dismissed blockchain technology as a speculative frenzy destined to collapse. However, after a 50% decline to $600 in early 2014, my skepticism morphed into opportunism. I purchased about $6,600 worth of Bitcoin, giving me 11 coins total.

Naively, I expected a quick bounce to sell into. When a small rally allowed me to exit at a modest profit, I walked away believing I had successfully capitalized on this overhyped digital money. Like so many early investors new to the crypto space, I fundamentally misunderstood why it had value and the revolutionary potential of digital assets built on blockchain.

My worldview dramatically shifted when Bitcoin regained not only its 2013 high, but went on to set new records above $19,500 at the end of 2017. Realizing my 11 BTC coins could have grown into more than $200,000, I absorbed the hard lesson: I needed patience and a long-term perspective. I should have held for the long term.

Nonetheless, I resolved not to miss the next opportunity when Bitcoin prices fell and the inevitable crypto winter arrived. By December 2018, Bitcoin had plunged over 80% to under $4,000. The bubble had popped again, but this time I foresaw its eventual reinflation.

After the bear market reached its nadir at the end of 2018, I began steadily accumulating leading altcoins in anticipation of the next bull run. My position sizing increased after Bitcoin bottomed. I primarily focused on Ethereum and its decentralized financial ecosystem, which was still in its early stages but held tremendous disruptive promise.

I cannot overstate my conviction at this stage. As Bitcoin consolidated for much of 2019, I aggressively acquired Ethereum below $165. I sold all of my traditional investments and allocated 100% of my capital to the world of cryptocurrencies. The bet paid off spectacularly in 2021 as my ETH tokens alone grew 15x, breaking through $4,500.

My initial investment, which also included allocations to GBTC in my brokerage account, ultimately exceeded $1 million in total portfolio value.

In retrospect, it took me one full four-year cycle to make every investing mistake possible. It took me a second cycle to learn from these errors, embrace Bitcoin’s four-year cycle, and perfect an executive crypto investment strategy.

I may not swim with the crypto whales. However, through perseverance and focusing on building long-duration positions in a leading crypto project—Ethereum—at near bear market lows, I graduated into the ranks of crypto millionaires.

Now, I spread this hard-won knowledge so others can avoid past frustrations and hopefully replicate this path to life-changing wealth creation.

2025 Bull Run Game Plan

If you are reading this when this article was originally published, in December 2023, consider yourself in luck. There is plenty of time to prepare and acquire a position of high-quality crypto coins. Even if you’re reading this anywhere between December 2023 and October 2025, there are steps you can take to prepare for and profit from the 2025 bull run.

Choosing a Crypto Asset

The first step is to identify the crypto asset you will be buying. Here are my criteria:

  • Coins that are in the top 10 by market capitalization
  • Coins that are likely to recover their previous all-time high
  • Projects that are experiencing their second cycle

Here is the top 10:

CoinPrevious ATHPrice as of 12/2023% upside to ATH
Bitcoin (BTC)$69,000$44,00057%
Ethereum (ETH)$4,868$2,250116%
BNB$704$270160%
Solana (SOL)$260$90188%
XRP$3.31* $0.62433%
Cardano (ADA)$3.16$0.62409%
Avalance (AVAX)$151$45.50231%
Dogecoin (DOGE)$0.76$0.09744%
Polkadot (DOT)$56.22$8.30577%
Tron (TRX)$0.18$0.1080%

A few observations about these numbers:

  • Larger cap coins tend to have less road travel to reclaim their previous all-time highs. This is because these projects are considered more stable and are the first to draw capital as the crypto market recovers.
  • Not all projects will recover their previous cycle’s high. XRP set a high of $3.31 in the 2017 bull run and failed to recover this level four years later in the 2021 bull run. It peaked at $1.96 in the 2021 cycle, and I would not be surprised if it failed to recover this level in 2025.

Of these projects, there is only one that fits my criteria: Solana. It has all the hallmarks of Ethereum in the 2018-2021 cycle. 

  • It’s in the Top 10
  • It’s on its second cycle, which means those who missed it the 2018-2021 cycle will not miss this opportunity again

Entering and Exiting a Position

In the 2018-2021, I acquired the the bulk of my ETH position at the nadir—in December 2018. The 2022 nadir has come and gone.

Here we are in December 2024. This gives you two options: you can acquire as much as possible, right now. Or, you can dollar cost average between now and October 2025, when the market is expected to peak.

Both are viable options. But whatever you decide, DO NOT BUY ANYTHING after October 2025. You will be buying at the top. This is when you want to start locking in profits.

If you don’t get to $1 million by October 2025, don’t worry. The cycle repeats. You will have the 2026 nadir to buy the next Solana and Ethereum at bargain basement prices. And you will have 2029 to enjoy the next crypto bull run.

Conclusion 

The world of cryptocurrency offers tantalizing opportunities for building wealth, but realizing these huge profits requires aligning our investment decisions with the predictable market cycles driven by Bitcoin’s programming. As we have seen, those who treat crypto assets as set-and-forget lottery tickets may occasionally luck into a windfall. However, the most important thing is having a strategy that accounts for the boom and bust cycles across four-year timeframes.

By dollar-cost averaging into leading projects near cycle lows and taking profits near peak euphoria, we can systematically multiply our crypto holdings. Patience is mandatory, as is the discipline to accumulate positions even amidst gloom and negative sentiment. 

The crypto millionaires—the ones you don’t hear about— have earned their fortunes not through buying meme coins or trying to time short-term tops and bottoms, but by sticking to high-quality blockchain projects and letting their value grow over multiple four-year market cycles. 

With the next halving rally expected in 2024 and bull run in 2025, forward-thinking investors have a defined timeline for identifying the next blue chip crypto assets to fuel their wealth-building vehicles.

Author Profile

Mark Fortune
Mark Fortune is a seasoned journalist and editor with more than two decades of experience. Specializing in technology, cryptocurrency, and stock investments, his incisive writing has made significant contributions to the business journalism field. Mark’s work is celebrated for its depth, clarity, and influence on a global readership.