High Schooler Becomes Millionaire Thanks to Bitcoin

in #bitcoin7 years ago

Great Story By Jon Buck
The rags-to-riches stories about Bitcoin investors are a consistent theme with the rise in the value of Bitcoin over the past six months.

The most recent is Erik Finman, who invested $1,000 in Bitcoin in 2011 when it was valued at $12. His parents had made an agreement with him that if he were a millionaire by 18, he wouldn’t have to attend college. A child of two Stanford Ph.D. holders, Finman was willing to take the bet.

He now holds 403 Bitcoins, which, at their current valuation of $2,700, represent $1.09 mln. He also manages investments for the rest of his family, who have begun looking into Bitcoin as an investment vehicle.

At one point, an investor offered him either 300 Bitcoins or $100,000. At the time, Bitcoin was worth $200. He took the coins over the cash, much to the chagrin of his parents.

Will he return to college? "I never got my GED, and I don't see the value in it," Finman said. "The purpose of that would be to get another education level and get a job. I had to learn through running a business. Instead of writing essays for English class, I had to write emails to important people.”

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This is amazing news and inspiration as well, because after 5 years it could be me and you. Sometime it is not so bad to do things where everything else think you are stupid, the key is ensure your success later by doing the right thing and the rest will be history.

Absolutely you summed it up really well. Thank you.