LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Bitcoin
Bitcoin News

Teenage Bitcoin Millionaire Has Some ‘Crucial’ Advice for Young Investors

by Rebecca Campbell
January 25, 2018
in Bitcoin News, News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

Erik Finman knows a thing or two about bitcoin, and now he’s offering advice to young people who are interested in investing.

At high school he managed to obtain a 2.1 GPA, but according to him his teachers considered him a failure. So much so, that one teacher said he should drop out and work at McDonald’s as that’s all he would aspire to. So he dropped out.

Interestingly enough, he made a bet with his Stanford-educated parents that if he became a millionaire by 18 he wouldn’t have to go to college.

The 19-year-old first got involved with the digital currency when he was 12 in 2011. Back then he’d received a $1,000 gift from his grandmother, which he put into investing in bitcoin.

In 2013, Finman then cashed in the first of his cryptocurrency investments when the coin was valued at $1,200, walking away with $100,000. Through these funds he was able to setup his first startup, Botangle, an online education platform providing students with connections to teachers digitally, reports Forbes. This he launched in 2014 and then later sold for 300 bitcoins. Since then he has been working with NASA and managing his family’s bitcoin investments.

With the success that he has found, Finman believes that young people should find something they are good at and ‘make money doing it.’

In a tweet, the young entrepreneur wrote:

This is crucial for young people. Establishing an extra stream of income will allow you to start investing earlier.

Confirming with CNBC’s ‘Make It,’ Finman currently owns 401 bitcoins, which, at today’s rate of $11,442, puts his net worth at a healthy $4.6 million. Not bad for a teenager who initially invested a $1,000 gift from his grandmother seven years ago and was considered a failure.

Yet, while there are many who claim that the digital currency is a Ponzi scheme and that it’s in a bubble waiting to crash, Finman doesn’t share those same feelings. According to him, ‘bitcoin is just as real as fiat money.’ The only difference to him is that the cryptocurrency can’t be printed endlessly.

As a result of his enthusiasm he is advising more young people to get involved. On social media he added:

What I love about bitcoin is that instead of some rich old guy on Wall Street young poor people are the ones getting rich.

For him, this is just the start of the digital currency, arguing:

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.

Featured image from Shutterstock.

Related Posts

Tron (TRX) Price
Altcoin News

Tron (TRX) Price Analysis: Bulls Eye Additional Gains

Tron price started a fresh increase above the $0.035 level against the US Dollar. TRX price is now trading...

by Aayush Jindal
September 27, 2023
Bitcoin Price
Bitcoin News

Bitcoin Price Analysis: BTC Dips Again But Holds Key Support

Bitcoin price started a fresh decline from the $27,500 zone against the US Dollar. The price is now trading...

by Aayush Jindal
September 27, 2023
Two Victims of Crypto Scams Lose More Than $30K
News

Police Save Elderly Woman from Crypto Scam

A woman nearly lost $16,000 after falling victim to a crypto scam. The money likely would have been gone...

by Nick Marinoff
September 26, 2023
Bit Deer Opens New Crypto Mining Firm in Bhutan
Bitcoin Mining

Bit Deer Opens New Crypto Mining Firm in Bhutan

Bit Deer Technologies Group is opening a new crypto mining facility in the Asian country of Bhutan. Bit Deer...

by Nick Marinoff
September 26, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version