How would you feel if you were a millionaire at just 18? The numerous things you are at leisure to do, you can choose to become a philanthropist or just live an exotic lifestyle. Certainly, furthering your education may not be in your mind with all that money.
This is the choice Erik Finman had at just 18 when his bank statement shows that he was already a millionaire in dollars.
Erik made a bet with his parents that if he hit a seven-figure bank balance before he turned 18, then he didn’t need to further his education to university.
Having a healthy bank statement to show at such a young age made Erik one of the hottest and success stories with a dramatic rise to financial success from the ever appreciating Bitcoin digital currency.
Erik who quitted school at just 15 had a foresight on the potentials of Bitcoin and invested in it when the value of the coin didn’t worth the shit on your shoes.
Just last month, bitcoins celebrated ‘Bitcoin Pizza Day’ – that day two pizzas were bought for 10,000 bitcoins but today, one Bitcoin worth $2,500 (£1,950).
Some key analysts predicted that in ten years, a Bitcoin will value at $10,000 per coin (£7856), and if Finman who presently owns 403 bitcoins, he’s definitely on course to make a fortune. Right now his share is worth a whopping $1.09m (£860,000).
Erik is smart and has also invested in other cryptocurrencies such as Litecoin and Ethereum but his main investment is in Bitcoin.
With the constant rising in a value of Bitcoin the real question here is, why would anyone get out? Does it mean that Finman understands something we don’t?
Not really, going by what Erik tells CNBC if true, he said “Personally, I think Bitcoin is going to be worth a couple hundred thousand to a million dollars a coin,”
His investment in Bitcoin started when he received a $1,000 (£7,900) gift from his grandmother, which he invested on Bitcoin and the sold the Bitcoin two years later, for $100,000 (£79,000).
As he continued his interview with CNBC he said “I had these teachers [at school] that were all kind of negative, one teacher told me to drop out and work at McDonald’s because that was all I would amount to for the rest of my life. I guess I did the drop-out part.”
He started Botangle an online education company and got an offer in 2015 to sell his company for either a $100,000 or 300 bitcoins. Guess what? Erik chose the 300 Bitcoin when at that time, a coin’s worth was just $200.
Finman said he doesn’t see himself furthering his education but prefers to learn and improve on the job.
He added: “The way the education system is structured now, I wouldn’t recommend it. It doesn’t work for anyone. I would recommend the internet, which is all free. You can learn a million times more off YouTube and Wikipedia.”
Craig Steven Wright an Australian is widely acclaimed to be the brain behind the growth of Bitcoin.
Bitcoin is presently seen as the digital competitor to currencies to be used around the world. It has eventually gained so much success that major financial institutions from over the world have been putting measures in place to research and come up with better and improved means to do transactions faster and cheaper.