Lark Davis names Big Money Maker in Crypto Not Bitcoin (BTC)

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Youri Molchan

Cryptocurrency influencer thinks the biggest gains in the crypto space won’t come from Bitcoin

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Crypto YouTuber Lark Davis (@TheCryptoLark on Twitter) has shared his take on what could help cryptocurrency users make big profits in the crypto market. He does not believe that Bitcoin is the asset that will be the key tool here, even if it reaches the $1 million price level, as many constantly dream of.

Here’s What The “Big Money Makers” Will Be

Davis tweeted that if one had bought $100 worth of Bitcoin in 2011, one would have made around $1.5 million by now. He added that even if the flagship digital currency hits the highly anticipated $1,000,000 per coin, it would still only be a 34x increase.

Far greater profits, he tweeted, are likely to be made on altcoins; it will be the altcoins that will become “the big money generators”. He was quick to add that these investments are risky.

“Bitcoin goes either to zero or to a million”

In a previous tweet, the popular crypto YouTuber sarcastically said that BTC will hit zero or skyrocket to $1 million. These polar opposite views are often voiced by Bitcoin haters, like Nouriel Roubini or Peter Schiff, or by mainstream Bitcoin supporters.

However, many of the latter have stuck to more modest forecasts of $220,000 or $500,000.

Here’s Who’s Betting BTC Will Hit $1 Million

Prominent Bitcoin maximalist Max Keizer estimates that Bitcoin will hit $220,000, without giving specific or even approximate dates. Author of a popular self-help book on finance and investing, “Rich Dad Poor Dad,” Robert Kiyosaki, who has also been a big supporter of Bitcoin for the past three years, believes that by 2025, the crypto major will reach $500,000. Its reason is the constant printing of money by the Federal Reserve, which has turned the USD into worthless paper.

The late crypto mogul John McAfee proclaimed that Bitcoin would hit $1 million by 2021-2022 before starting to criticize BTC as stone-age technology in favor of altcoins and privacy coins in particular .

Bitcoin’s most recent all-time high was near $69,000 in November 2021. Earlier this week, BTC reclaimed the $30,000 level for the first time in the past 10 months. Currently, it is changing hands at $30,233, trading 56.07% below the ATH price.

Recently, former Coinbase CTO Balaji Srinivasan made an incredible bet that BTC would hit $1,000,000 within the next ninety days. He also bet $1,000,000 on it, which means that if he loses the bet, he will have to part with that large sum of money.

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