The quickest and easiest way to become a crypto millionaire is to find a crypto startup, test a valid market idea, bring in investors, and get funded. You can also bootstrap if your concept requires less capital for execution.
Put simply, creating a crypto business is the quickest way to become a crypto millionaire.
Who is a Crypto Millionaire?
By definition, a crypto millionaire is someone who has earned at least $1 million in crypto through business, trading, investments, or even a reward such as an airdrop. Examples would be Changpeng Zhao, Justin Sun, and even Donald and Melania Trump.
So even if a person brings in money from other sectors and has earned at least $1 million from crypto, they can still be considered a crypto millionaire.
The definition excludes people who have amassed their wealth in other sectors and then invest it in crypto.
The most common and realistic way to become a crypto millionaire is to create crypto-based startups, such as blockchain development firms, cryptocurrency tokens, NFT-based services, blockchain bridges, liquidity pools, crypto investment funds, etc. Other pathways, such as investing and trading to become a millionaire, have very low success rates.
How to create a Crypto Startup?
A crypto startup should be set up as a company in a crypto-friendly country, such as the UAE, where the risk of regulatory issues is lowest.
Further, a startup needs to raise funds to get its founder to a net worth of $1 million as quickly as possible. To do so, it must satisfy some requirements:
- It should solve a real-world problem, such as scaling, decentralization, centralization, or financial risk.
- It should have the fewest competitors.
- It should be more affordable than its competitors because most project types already have well-established players.
- It should not be disrupted by any expected regulation, such as mandated KYC.
- It should not be wholly reliant on the success of another company or narrative.
What do I need to establish my own crypto project?
To establish a company anywhere in the world, you need a few basic things that are common to every project:
- Passport/National ID of co-founders.
- Legal documents such as the company incorporation certificate and tax treatments. This will be required for issuing shares to competitors.
- Technical expertise in crypto development of at least one company co-founder.
- Marketing expertise in crypto of at least one company co-founder.
- A functional website.
- A Minimum Viable Product to pitch to investors.
Frequently Asked Questions
How many crypto millionaires are there?
CNBC estimates 241,700 crypto millionaires in late 2025.
Would putting $1,000 into Bitcoin 5 years ago make me a crypto millionaire?
No, because five years ago, i.e., in 2020, Bitcoin was priced at a minimum of $9,250. For $ 1,000, it would have given you 0.5 BTC, which, as of 2026, would be valued at $45,000. To become a millionaire, you would need to invest $22,000.
What cryptos do billionaires like Elon Musk hold?
Elon Musk is publicly known to have owned Bitcoin, Ethereum, and Dogecoin.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
