According to AltcoinGordon, while $1M might seem substantial at a younger age, it is considered insufficient at 30 years old for financial independence. AltcoinGordon highlights that $10M allows for covering living expenses through passive income from secure investments, alongside the ability to engage in high-risk ventures. This perspective emphasizes the importance of a larger capital base for sustainable investment strategies.

According to AltcoinGordon, while being given a million dollars might offer immediate financial relief, there is a higher risk of losing it quickly due to lack of financial discipline or investment experience. Earning a million dollars equips individuals with the skills and knowledge to reinvest and grow wealth sustainably, a critical advantage in trading and investment strategies.