It should be noted that crypto is not only the choice of risk-prone investors who hope to increase their assets several times over a given time frame. There are also old-school multimillionaires among crypto investors. Among them is Canadian businessman and showman Kevin O’Leary. While he used to allocate 3 percent of his own portfolio to crypto, that figure has now reached the 20 percent mark. Read more about his attitude to digital assets in a separate article.

How to get rich with crypto

Nguyen says he developed a special interest in digital assets after he studied inflation in his economics studies at university. Here is his quote on the subject, published by the Cointelegraph news outlet.

Crypto really became interesting to me when I took a course on inflation at university. I learned that Bitcoin can be used to fight inflation.


Note that Bitcoin does have inflation through the issuance of new coins, which are created by creating new blocks in the network. However, the first cryptocurrency has several advantages over conventional currencies. First, inflation in BTC is fixed: it is currently at 1.75 percent per year. Second, this rate goes down every 210 thousand blocks, or approximately every four years, as the reward per block falls by half due to so called halving. Finally, thirdly, it is impossible to influence this figure, which means it remains predictable.

Loi Nguyen

Nguyen pointed out that the low interest rates of less than 0.5 per cent offered by conventional banks will never help him break into the real estate market. Following a dollar-value averaging (DCA) investment strategy, the young investor has continued to diversify his portfolio into cryptocurrencies amid the cryptozyme of 2018. He continues.

I admit I took a lot of risks. I wanted to protect my purchasing power, protect my current savings, make sure my money didn’t dry up.

Nguyen’s new apartment

When traditional markets collapsed during the COVID-19 pandemic in the spring of 2020, Nguyen’s crypto investments exceeded the value of his stock portfolio. That’s when his investment focus shifted completely from traditional markets to cryptocurrencies, and he ended up accumulating 1 BTC in a few months.

In other words, the investor was buying cryptocurrencies regularly and regardless of the exchange rate. In this way, he accumulated coins, which then increased in value significantly against the backdrop of a bull market. The key to this strategy is consistency and patience, because historically, niche coins grow in cycles and often renew their historical highs in price.

Intending to buy real estate, Nguyen cashed in his coins in November-December 2021, when BTC hit an all-time high of around $69,000. In total, the young Australian sold less than half of his crypto portfolio, leaving about $31,400 to present to the bank as part of the down payment on his mortgage. Nguyen bought a one-bedroom Brisbane flat, priced at $314,000, and deposited $62,735 as a down payment.

About half of this amount was income from cryptocurrencies.

As you can see, even such a simple strategy as dollar averaging works well with a crypto market that is predominantly growing over a long period of time if applied correctly. This same fact was mentioned recently in a dispute between billionaire Ilon Musk and MicroStrategy CEO Michael Saylor. The former asked a question about possible inflation in the US, to which Saylor published the following answer.

Consumer inflation in US dollars will remain at record highs and asset inflation will be twice as high as consumer inflation. Weak currencies will collapse, with capital flight from cash, debt and expensive stocks into scarce investments such as Bitcoin increasing.

In addition, Musk published another statement.

As a basic point, for those seeking advice in this thread, it’s usually better to own physical things like real estate or shares in companies that you think produce good products than dollars at high inflation. I still hold and have no intention of selling my BTC, ETH or DOGE.

DOGE exchange rate.

In other words, crypto may not be the best, but it’s definitely an appropriate safe haven for money amid financial crises. This is especially true now, as geopolitical instability around the conflict between Russia and Ukraine is increasing in Europe.


We believe that buying crypto incrementally during a market downturn is the best opportunity to increase your own investments. However, you need to be careful with the choice of coins to invest in, as this blockchain project needs to survive the bear market. In addition, investors still need to invest only what they are willing to lose.

What do you think about this? Share your opinion in our Millionaire Crypto Chat. We’ll talk about other topics related to the blockchain industry there as well.