Millennials are making a significant impact in the world as technology continues to develop and evolve. A teenager, Erik Finman became a bitcoin millionaire at age 19. He advises teens who want to invest the bitcoin USD and other cryptocurrencies to look for what they’re talented at and try to make money from it.
A teacher thought that Finman was a failure and asked him to drop out of school. He promised his parents that he would become a millionaire before he turns 18 and if he doesn’t he would go to college. He presently has 401 bitcoin dollars which is more than 4.4 million dollars at the rate of 11,182 dollars, per coin.
He started investing in bitcoin in 2011, with the gift of 1000 dollars he got from his grandmother when he was 12 years old.
While Bitcoin investment has made many rich, top financial experts and investors such as Warren Buffett warn people of the dangers of investing in bitcoin. Finman, however, believes the contrary. He thinks “Bitcoin is just as real as fiat money”. Their only difference is that minting of Bitcoin is capped.
The teenager’s firm belief is that cryptocurrency investment is one of the quickest ways to make money online. Finman made $100,000 dollars in 2013 after selling his Bitcoins at the rate of 1,200 dollars each.
He established an online training platform in 2014 with the fund he got and named the training platform Botangle. He eventually sold Botangle for 300 bitcoins. After that, he started working with NASA to launch a rocket via the ELaNa project.
He equally invested in altcoins like litecoin and ethereum. He believes that the current boom is the price of bitcoin is just the beginning of how bitcoin is set to re-shape the future and that in the long run; Bitcoin would re-shape the use of currencies.