Wednesday, March 21, 2018

Erik Finman Bitcoin Millionaire 2017: Teen and (Super) Rich

While many believe college education is quite important for success, there are few who dare to look beyond the conventional approach and prioritize higher formal education (very) less. Erik Finman is a one of this latter group.

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Erik Finman Bitcoin Millionaire 
Erik never wanted to go to college but his parents wanted to see their son get a higher education. So they made a deal. Erik made a bet with his parents that if he becomes a millionaire by the time he turned 18 years old, he won’t go to college. If he didn’t, he would listen to his parents and go to college.

Guess what? He did become a millionaire before turning 18—all thanks to his investment in Bitcoin. And as it stands today, he hasn’t seen the day of light in any college.

Backstory

In 2011, when he was just 12 years old, Erik started investing in Bitcoin. At that time, one Bitcoin was just $12; he invested $1000.

By 2013, his wealth grew to $100,000. At the same time, after dropping out of high school, he created a peer-to-peer tutoring service, which he sold in 2015 to another entrepreneur for 300 BTC. He continued day trading and accumulated more Bitcoins from the original 300 BTC.

He went on to create his own virtual reality headset company by using some of his Bitcoin fortunes.

In 2017, Erik Finman age at 18, he became a Bitcoin millionaire.

Now a Bitcoin Millionaire

He now owns around 403 Bitcoins, which currently makes Erik Finman net worth over $2.4 Million. 

Noteworthy, he also invested his money in some other avenues including in cryptocurrencies like Litecoin and Ethereum, standing true to age-old trading rule—“never put all your eggs in one basket.”

Erik is very hopeful of digital currency. He said, “Personally I think bitcoin is going to be worth a couple hundred thousand to a million dollars a coin.”


(Above Erik Finman Ted Talk Video)

(Source: CNBC)

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