Erik Finman, An American 19-year-old who made $4.8 million from a $1300 investment says anyone can do it even when start investing today.
Erik Finman knew that school wasn’t for him. So he made a bet with his parents that he wouldn’t have to go college if he will be a millionaire before the age of 18 — and he won the bet by investing in bitcoin.
Finman, now 19, has been trading in bitcoin and other cryptocurrencies for over seven years.
He began when he was 12 yrs old. He invested a cash gift from his grandmother and bought Bitcoin. He now owns 401 coins, worth $4.8 million, and says getting rich was easy.
“If you are smart about cryptocurrency over the next 10 years, many people can build their fortunes even better than before,” he said in an interview with Business Insider.
The crypto market is still relatively small, he explains. “The market capitalization is just over half a trillion dollars. I do not want to be misunderstood: This is, of course, a very high amount, but in comparison to other asset classes, it’s small. Therefore, I say if you do not become a millionaire in the next 10 years, then it’s your own fault.”
New business models and innovations are still emerging in this area, and therefore, there are many investment opportunities.
— FOX Business (@FoxBusiness) February 19, 2018
Finman believes that now is the best time to buy cryptocurrency regardless of the fact their value is prone to change at any time without any warning. “The advance of cryptocurrencies is unstoppable, a single crash does not change that”, says the experienced trader.
In fact, the 19-year-old believes that investing in cryptocurrency is one of the fastest ways for young people to attain wealth.
According to him, bitcoin is more than an easy route to wealth or a mere investment but it is the financial system of the next generation.
He goes on to say that you don’t even have to buy much but as little as a fraction of bitcoin for the price of $50 or $100 to start with and still make money.
“What I love about Bitcoin is that instead of some rich old guy on Wall Street. Young poor people are the ones getting rich,” he writes on Twitter.
The bitcoin millionaire says he strongly believes that this is just the beginning of cryptocurrency.
“Cryptocurrency represents the largest transfer of wealth our generation has ever seen,” he writes
“Deep down, everybody knows cryptocurrencies are the future. Even the bankers and Wall Street know it,” he writes on his Twitter. “The only debate is how long until it completely takes over.”
Deep down, everybody knows cryptocurrencies are the future – even the bankers and Wall Street know it.
The only debate is how long until it completely takes over.
— Erik Finman (@erikfinman) January 23, 2018
If you would like to join Finman and learn more about investing in bitcoin or other cryptocurrencies press here