How a 12-year-old became a millionaire by being one of the first to invest in Bitcoin

bitcoin

How a 12-year-old became a millionaire by being one of the first to invest in Bitcoin

Some investors, particularly the 12-year-old who became a millionaire, were certainly lucky to get caught up in the Bitcoin boom.

When it comes to managing money, many young people certainly don’t know what to do. However, the same can be said about some adults.

But at age 12, Erik Finman seemed to have his financial future completely planned out.

In 2011, Finman agreed with his parents that he would not pursue higher education because he wanted to make his own fortune outside of the traditional educational process.

The young man decided that he wanted to become a millionaire, and at his young age he came to the conclusion that investing in cryptocurrency was the way to help him fulfill his dream.

After receiving $1,245 from his grandmother that year, Finman invested it in Bitcoin (BTC), which was then trading at about $12, giving him about 103 BTC.

How a 12-year-old became a millionaire by being one of the first to invest in Bitcoin - 1

Most kids that age would probably be at a loss as to how he managed to invest that money in a new emerging online currency, but it definitely paid off.

In December 2017, when Finman was just 18 years old, Bitcoin peaked at around $20,000 and his initial investment had grown to a staggering $2.07 million.

Not bad, right?

Reflecting on a decision he made that paid huge dividends, Finman said that, growing up, “people didn’t really understand what I was trying to do.”

In an interview with Business of Business, he said: “I really didn’t like high school. People didn’t understand what I was striving for, what I was looking for or what I was dreaming about.”

It’s a pity that not everyone thought the same way back then. Or is it the other way around?

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Martin Jenkins

dedicated individual with a profound passion for technology and gaming. He pursued his studies in Computer Engineering at Montgomery, honing his technical skills and knowledge. From his early education at Dollard College, where he completed his VMBO, to the present day, Martin has been immersed in the captivating world of gaming since 1992. Embracing his passion, he has embarked on a freelance career as a technology and gaming writer and editor. Through his insightful content, Martin shares his expertise and experiences with others, offering a unique perspective on the ever-evolving landscape of technology. His unwavering dedication fuels his pursuit of staying at the forefront of the digital realm.