 # How Many Solana (SOL) Tokens Do You Need to Become a Millionaire?

Introduction

In a recent video, popular YouTuber Nick from Cheeky Crypto discusses the scenario of having Solana (SOL) as the sole asset in a portfolio and aiming to invest up to \$1 million. He focuses on determining how many SOL tokens are needed to become a millionaire, assuming an average purchase price of \$15.

Price Predictions

The video considers three possible price predictions for SOL’s future price:

• Conservative estimate: \$620
• Mid-range estimate: \$1,000
• Optimistic estimate: \$2,000

Calculations

The video uses an Excel spreadsheet to calculate the number of tokens needed for a million-dollar portfolio and the required initial investment at each price point. The following table shows the results:

Capital Gains Tax

The video also factors in capital gains tax at 20% to calculate the net profit after tax. At a price of \$620, the net profit after tax would be \$496,000. At a price of \$1,000, the net profit after tax would be \$800,000. And at a price of \$2,000, the net profit after tax would be \$1,600,000.

Conclusion

The video suggests that achieving a \$620 price for SOL is conservative, but it could lead to building multi-million dollar portfolios. However, viewers are reminded to do their own research and invest responsibly.