by Rushali 
Bitcoin is an emerging future and we should not forget it is still a future. It is good to see that people are putting their entire life savings into something which is not regulated or accepted by the government yet and making huge returns but, at the same time, it is anxiety-inducing to see such behavior. As a crypto enthusiast I will still advise people to not put their entire life savings into crypto and should only put the amount that they are comfortable losing, am I advising against it?
No, I am just telling you to stay on the safer side and don’t end up homeless. Yes, you can definitely make some amazing returns in the short term but, also think about the otherwise too.
I would advise people to see the crypto space as a long-term strategy, not some get-rich-quick scheme. Surely, it has potential and it can become the future of currency but, there are some big problems attached to it.
The biggest problem with cryptocurrency is the lack of history and with lack of history comes another problem low-quality speculations as with these money markets, it has been seen that history repeats itself and makes the same patterns as it made in the previous times.
Another problem being the Government regulations, suppose there comes a day when the government decides to completely ban cryptocurrencies even for a shorter term. We as a society wouldn’t be able to do anything, all our life savings would be locked for the future and our best bet would be to take out the savings at a discounted price, that won’t feel very good, I suppose.
Let’s forget the history and Government issues and just focus on Elon musk. The man himself has so much influence on this crypto space that if he goes against some cryptocurrency it has been historical that the prices will surely dump and once again all your life savings will be locked and once again the only choice you will have is to liquidate your money at a discounted price.
Okay to validate my views let us look at one such crypto millionaire who is still advising people to not get into cryptocurrency and has the same views that one should not put their life savings into bitcoin and should only invest what they can afford to lose.
We will be talking about Grant Sabatier, the man who bought bitcoins for as low as 72 dollars and is one of the crypto millionaires around the world.
Introduction
Grant Sabatier is an entrepreneur, author and also runs his own podcast. He was born in 1984 in Falls Church, VA.
Sabatier completed his formal education in the field of Philosophy from the University of Chicago.
As the jobs in the field of Philosophy didn’t pay enough so, he started learning Digital marketing and landed a job in a digital marketing agency.
Sbatiers goal was to attain retirement with great financial freedom which seemed impossible for him with the salary he was getting paid in the marketing agency.
When he was 26, he quit his low-paying digital marketing job and started a financial consultation service after gaining a lot of knowledge on achieving financial freedom from over 100 books he read.
The consultancy firm shot up and was giving him amazing returns, way more than his previous job and to attain financial freedom Sabatier saved most of his money.
In the meantime in 2013, Sabatier invested in bitcoins too, he bought 62 bitcoins at the price of 72 dollars and made him a recognized bitcoin millionaire in the 2017 bull run of bitcoin.
Bitcoin contributed to most of the net worth that he is holding now.
Sabatier is famously known for his bestselling book on financial freedom named “Financial Freedom: A proven path to all the money you will ever need”. The book has been translated into over 8 languages and includes in detail his journey of life and how he attained financial freedom at the age of 30.
He also hosts two podcasts revolving around the passion of his i.e financial freedom. The name of his podcasts is financial freedom and Millenial money minutes.
Even though, a better part of his net worth is from buying and owning those bitcoins while in 2013, he still strictly advocates against putting all your life savings into cryptocurrency as it can break or make the whole situation with any person because it is not regulated and he also mentions in one of his interviews the tax scenario with the crypto space and why you should reconsider investing in cryptos.
Grant Sabatier Networth
The total net worth of Grant Sabatier as of 2021 is around 1.3 million US dollar and is one of the well-known bitcoin millionaires of the crypto space and he also owns a blog in which he writes about smart financial choices which one can make to grow and achieve the financial dream or freedom one requires.
