Erik Finman, whose teacher says “you can’t make a man”, became the youngest Bitcoin millionaire at the age of 18, after investing in cryptocurrencies at the age of 12. For details cryptocoin.com keep reading.
Bitcoin millionaire told to drop out of high school and work at McDonald’s
Erik Finman said in an interview, “I really didn’t like high school. “People didn’t really understand what I was trying to do, what I was looking for, or what I was dreaming of,” she says. Erik Finman notes that a teacher told him to drop out of school and work at McDonald’s because he would never achieve more in life. The Bitcoin millionaire describes what happened next:
I dropped out of high school and made a bet with my parents: If I make a million dollars by the time I’m 18, I won’t have to go back to school or college.
And Erik Finman achieved his goal when the value of 100 Bitcoins he bought with 700 pounds given by his grandmother skyrocketed and reached $27,000 per token. In the UK, children under the age of 18 cannot own shares in the company in their own name. However, according to Wealthify, parents can invest in stocks on behalf of their children using certain trading mechanisms.
Cryptocurrencies are unregulated and investing in them is not a guaranteed way to make money. It’s also incredibly volatile because these are very young markets and it’s not uncommon for the price to experience wild swings within a day or even minutes, making it a very dangerous venture.
As of June 2020, Erik Finman has increased his holdings to 341 Bitcoins worth over $4.8 million. The now 22-year-old crypto king has used his wealth to start an education business out of Silicon Valley. Bitcoin millionaire says:
I started a job from my bedroom. I had some Bitcoin at that point. Bitcoin went up a bit, so I was able to use most of it to finance my business. I was hiring contractors, freelancers, programmers, employees. Nobody knew that I was 15 years old.
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