"Diamond Hand" Investor Turns $1,000 BNB into Over $1 Million
An investor has achieved a remarkable 1,000x return by holding BNB, transforming an initial $1,000 into over $1 million over eight years. This feat coincides with BNB reaching a new all-time high of $1,005.
BNB's ascent is attributed to its expanding utility and increasing demand from institutional investors, as noted by Marwan Kawadri of BNB Chain. Binance co-founder Changpeng Zhao expressed his astonishment at BNB's journey from its $0.10 ICO price.
Key takeaways for investors include the value of patience, the importance of utility in driving asset value, and the potential for extended market cycles.