Erik Finman – The Teenage Bitcoin Millionaire

In 2011, Erik Finman, a 12-year-old boy from Idaho, invested $1,000 that his grandmother gave him into Bitcoin when it was priced at around $12 per BTC. This meant he bought about 83 Bitcoins.

By 2017, the price of Bitcoin had skyrocketed to over $2,500 per BTC, making his holdings worth over $200,000. When Bitcoin hit $20,000 later that year, his fortune grew to over $1.5 million!

Erik used his Bitcoin profits to drop out of school and launch his own startup. His parents had made a deal with him: if he became a millionaire before turning 18, he wouldn’t have to go to college. He succeeded and has since continued investing in crypto and technology.

This story shows how early investments in cryptocurrency have changed lives, but it also highlights the risk and volatility of the market!

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