How to Become an ICP Millionaire

How to Become an ICP Millionaire

welcome back to another video and today
we’re diving into to talk about how to
become an IP million air ICP has been
getting a lot of hype lately in the
cryptocurrency ecosystem and some of it
is definitely warranted we did drop
another price prediction very recently
um on ICP you can check that out on the
channel but today we’re discussing how
many ICP do you need to become a
millionaire this bull cycle before we
jump into the content please make sure
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cryptocurrency ecosystem and hit your
crypto goals so diving into the internet
computer protocol what is it why is
there so much hype around it and how
much do you need in order to become a
millionaire this bull cycle well what
ICP is really aiming to do is basically
create this new protocol for the
internet in a web 3 world which allows
people to take more control of their
data become sovereign individuals on the
internet and using blockchain as a
service for open internet services and
allowing you to do that in a way where
you have your own web three
identification and making everything and
all actions that you do inherently web
three native there are some other big
narratives that we’re going to discuss
like decent cized physical
infrastructure here for ICP as well but
basically what they what they want to do
is you know allow individuals Take Back
Control U of their Sovereign identity on
web 3 and from a development perspective
making it extremely easy cost effective
and scalable to build decentralized
applications and make use of
decentralized physical infrastructure
for developers who want to create apps
and for businesses who want to create uh
decentralized businesses on the
blockchain um they also are building it
out to be native
to interoperable with other blockchains
like Bitcoin ethereum Etc so that from
day one basically what we’re getting is
a scalable native multi-chain solution
if you are using the internet computer
in their own words they describe the
internet computer as an autonomous
serverless Cloud functionality to the
public internet making it possible to
build almost any system or service
entirely on a decentralized network
using canister software and evolution of
smart contracts um within the ICP
ecosystem and we mentioned dpin or
decentralized physical infrastructure
and for me this is one of the biggest
areas that ICP has a very good value
proposition or a very good value ad here
and what this is showing us here is
basically
how Amazon web 3 and Amazon S3 or sorry
Amazon AWS and Amazon S3 are a huge
player in the server world or in the
centralized server world so hundreds and
thousands of the applications that you
use on a daily weekly yearly basis are
running on AWS they’re running on Amazon
Cloud servers and and what this graph is
basically representing is how the
evolution of
decentralized storage decentralized
serverless cloud is going to
significantly reduce the costs of cloud
storage over the next few years as we
begin to decentralize that cloud storage
and use other Solutions like filecoin
arweave storage and obviously ICP ICP is
not on this particular graph but
they are one of the larger players in
this decentralized physical
infrastructure narrative and we can see
here what this is showing us is
basically the monthly storage cost per
terabyte of storage currently sitting at
something like $23 with using a solution
a centralized solution like Amazon S3
however we can see that with other
Solutions like filecoin our weave we’re
getting down into you know the cents
like 20 cents for a terabyte of storage
on a monthly basis using something like
file coins so ICP is also Leading The
Way with this decentralized physical
infrastructure narrative and if they can
begin to capture even a small percentage
of the Amazon AWS and Amazon S3 um
Market there is a lot of room for growth
when it comes to uh using decentralized
storage on um serverless Cloud so this
is probably the biggest narrative and we
spoke about this in our price prediction
video for ICP you can check out that
video separately but when we did that
price prediction for ICP we created a
bease base case and bull case scenario
what we have here is the current
snapshot of ICP as of today April 10th
2024 we’re sitting at a price per ICP
token of
$15.85 we are up over 200% year over
year um when we made our price
prediction in a bare case scenario we
said that ICP could be hitting a price
of about $
5758 in a base case scenario we could be
getting closer to about $87 and then in
a bull case scenario we could be getting
closer to about
$124 us again plugging in different
variables here but in a bull case
scenario what we’re seeing is that ICP
could hit around 8 trillion sorry the
total crypto market cap could hit around
8 trillion us if ICP achieves about a
75% Dom
that gives it a $60 billion overall
market cap and then dividing that by
about 485 million ICP tokens uh that we
estimate to be in circulation by the
middle of 2025 that gives us our price
Target here in a bull case scenario so
zooming out what does all of that mean
and how many ICP tokens do you actually
need in order to achieve millionaire
status this bull cycle well we’re going
to look at a couple different scenarios
and in a base case scenario first
again if you remember our price
prediction for our base case is about
$865 zooming in here if we have a
million doll Target or goal of becoming
a millionaire with ICP Alone um what
that what we can do then is that gives
us uh dividing that by our $86 $59 price
Target that gives us
11,549 ICP that we we would need to own
so if we need to own
11,549 ICP at a price of
$865 to become a millionaire then
purchasing $11,000 sorry
11,549 ICP at today’s price of
$15.85 means that we would need to
invest about
$183,000 today April 10th 2024 in order
to purchase and own 11,54
9 ICP and then targeting a sale price of
about $86 59 by the middle of 2025 when
we estimate that ball cycle to be that
gives us our millionaire status so that
is our base case scenario if we look at
our bull case scenario what we would
need is we would only need about
8,083 ICP tokens at a price of
$123 to hit our million doll price
Target if we need $808 3 ICP multiplying
that by uh today’s price of
$15.85 that gives us an investment
needed today of
$128,000 in order to acquire just over
8,000 ICP again targeting that sale
price of $123 by the middle of 2025
gives us our
million
scenario finally we’ve done one extra
Uber bullish case scenario iio saying
that ICP could reach Heights even closer
to $160 some people would say we’re
going to $200 we’re being a little more
conservative even though this is an Uber
bull case scenario if ICP
reaches a price of $160 us that means we
would only need $6,250 ICP in order to
reach our millionaire status if we need
to purchase 6,2 50 ICP at today’s prices
that requires an investment of just
under
$100,000 uh we need to invest $
9,062 us today at an ICP price of $585
in order to acquire 6,250 ICP and then
setting up a cell Target for $160 by
around the middle of 2025 gives us our
million do if we sell all of our tokens
at that price and cash in on
6,250 ICP so that is how many ICP you
need in order to become a millionaire
this buold cycle an investment possibly
um of just under $100,000 and a sale
price eventually of 160 would give you
that millionaire status obviously that
is slightly over a 10x from today’s
prices if we go back to our price
predictions you know it’s still very
possible that that that happens um even
in a b in a base case scenario um
$183,000 investment turning into a
million dollar in the space of maybe 18
months is not a bad Roi again none of
this is financial advice of course it is
a taught experiment to think about how
much you would need to invest in ICP
today in order to attain millionaire
stus by the peak of this bull cycle so
let us know in the comments below are
you bullish on ice P yourself are you
holding internet computer as part of
your bull run portfolio let us know drop
a comment below to keep us in the loop
on what you are investing in as always
if you enjoy the content please make
sure to smash the thumbs up button on
your way out let us know if you’re an
ICP bull in the comments below uh make
sure you subscribe as well we are on the
road to our first 1,000 subscribers
we’re getting very close to our goal and
it would mean the world if you
subscribed and hit that Bell
notification icon so you can get updated
when we drop new videos on the channel
pretty much every single day at this
point um and as always we will catch you
in the next one

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Dive into the exciting potential of Internet Computer Protocol (ICP) in our video, ‘How to Become an ICP Millionaire.’ Discover the strategies and insights you need to capitalize on the unique opportunities presented by ICP, a revolutionary blockchain network designed to expand the functionality of the internet.

This video guides you through the essentials of investing in ICP, from understanding its foundational technology to assessing the market trends that could lead to significant financial gains.

Whether you’re an experienced investor or new to the crypto scene, we’ll provide you with actionable tips and detailed analysis to help you make informed decisions and potentially build substantial wealth with ICP.

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