The crypto universe has been able to generate extraordinary stories, worthy of being told in film or television, like that of Erik Finman, a young American who today holds one of the largest known fortunes in Bitcoin. The plot of the eventual film or series would captivate crowds, because it involves elements with which legions of people can identify: daring, desire, and the ability to take risks.
In Finman's case, being a preteen in Idaho, having received a cash gift, and not wanting to go to college combined to result in a mere 2011 two years after the launch of Bitcoin, the highest-rated digital currency in the world crypto market today, made two bets and won.
- The first bet he made was with his father, that if he managed to become a millionaire before turning 18, he could avoid going to college.
- The second was to trust him potential of the newest cryptocurrency for the time, BTC, by buying 1.000 dollars that soon began to multiply.
Today, Finman is a 26-year-old entrepreneur in the technology and special sector. promoter and defender of virtual currencies. Its story involves daring, risk and a desire to break the traditional rules of the education system, but also the existence of an industry, crypto, that is unlike any other, contribute to financial freedom and decentralization.
A millionaire is born
Finman, a native of Idaho, is a visionary. This characteristic perfectly frames him in what was and is the Bitcoin blockchain crypto project. Currently, this digital asset is the first and most emblematic of the crypto market, to the point of having transformed the way money and financial transactions are conceived.
From Released in 2009 by Satoshi Nakamoto —a pseudonym that could represent a person or a group— Bitcoin has been the driving force behind numerous technological innovations and economic on a global scale, as it is a consensual and decentralized network, that is, it does not depend on a government or bank, which enables a payment system and a digital currency.
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It was in this network, which was incipient in 2011, that Finman - 12 years old at the time - paid attention on the recommendation of his brother Scott. Convinced of the potential of blockchain and BTC, decided to invest the $1.000 that his grandmother had given him for his studies in Bitcoins.
At the time of his bet, BTC was priced at $10., but less than a year later, The cryptocurrency registered a jump of 10.000%, so Finman's investment had become $100,000.
Thanks to the high growth of the cryptocurrency value During the time of his first BTC purchase, his initial investment multiplied and reached millions of dollars. Finman not only managed to avoid going to university, but is currently a successful entrepreneur and strong promoter of cryptocurrencies.
BUY BITCOINThe young American's story offers very unique aspects. First, because at the time of the bet, the challenge was more than significant, as his parents both have doctorates from Stanford, so a college education was not a trivial matter at home; and second, because The young man specialized in managing tokens and blockchain and remains a major crypto promoter and holder today.
The value of the bet
Finman's initial investment of 100 BTC, valued at $1.000 in 2011, grew to $2012 in 100.000. On this basis, and after several years of trading bitcoins, In 2014, he used his earnings to found Botangle, a video tutoring company.
The young man's fortune continued to grow unabated in the crypto world.In 2015 he sold the rights to Botangle's technology to an investor and acquired 300 bitcoins. By then, BTC was trading at around $200 per coin, so the payment was equivalent to around $60.000.
With the price of BTC improving for the time, In 2017, the coins in Finman's hands reached a value of more than $700.000., but his current estimated net worth is around 600 bitcoins, making him the owner of a fortune of over $46 million.
Technology as a guide
Finman's early success in the crypto business, Far from diverting him from productive activity, he has focused on continuing to seek investment options, especially in the technological area.
For example, today he works on a very innovative project, the creation of an untraceable mobile phone, but he also has in hand to found one startup that uses cryptocurrencies to participate in the development of a satellite for NASA.
BUY BITCOINAt the same time, Finman remains very active in the crypto market and shares recommendations and information for anyone interested in the crypto industry through his social media channels.
Regarding Bitcoin, he assures that he continues to trust the digital currency as a solid investment.: “Sometimes I sell, but I always make sure the profits come back to me.”
