Bitcoin has now become a leading world asset, a financial pillar that is capable of transforming lives if accumulated with great care and emphasis. The White House reports that BTC is now a legitimate financial element backed by the US government, which is now inching toward a new all-time high. With BTC sitting at $120K, investors are now wondering when the right time to cash out their profits will be. While there was a time when BTC was trading at just $2, a few investors are also mulling over the lost opportunity. Nevertheless, Bitcoin is still a golden coin for many reasons, and here’s how an investor can print his or her first $1M if he or she dives into the asset, keeping these five strategies in mind.

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How to Make Your First $1M Using Bitcoin Today?

1. Strategic Accumulation Is The Key

As CoinMarketCap reveals about BTC, it is currently sitting at $118K. While it may be hard for some people to invest such a high amount directly, many experts suggest exploring Satoshi’s first in order to familiarize oneself with how Bitcoin works in essence. It’s also imperative to purchase Bitcoin during market dips to make the most out of your BTC purchase. One of the key Bitcoin strategy for building rapid profits is to start with small investments and gradually increase them to develop a strong crypto portfolio.

2. Follow the Halving Cycles

Bitcoin halving is touted as the most significant event for BTC. Bitcoin tends to perform better once the halving has been deployed on the network, noting new price highs essentially after a year of the halving event. If an investor positions himself or herself accordingly, he or she can make the most out of the asset during BTC’s high price peaks points.

3. Track On-Chain Trends

Bitcoin tends to become bullish when institutional interest peaks. It’s also essential to track large whale orders and Fed policy to gauge Bitcoin’s positions if an investor wants to be creative with the asset or before making an active investment in the asset.

4. Smart Allocation Goes a Long Way

Simply investing in BTC and waiting for the asset to print you $1M will never be an easy task. A better way to accumulate profits wouod be for users to always invest a portion of their Bitcoin into staking assets or coins that deliver yields on them. This development can help them diversify risks while actively engaging with Bitcoin to net better profits.

5. Set Clear Exit Goals

An investor must ensure that a clear exit goal has already been defined for them to pursue profit-making in Bitcoin. As Bitcoin is highly volatile, having clear market exit strategies before the asset nosedives can help an investor extract maximum profits before it fluctuates in the long run.

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