Bitcoin millionaire Erik Finman made a bold comment, saying it would be ‘your fault’ if you don’t become a millionaire in 10 years.
The 19-year-old made his debut with cryptocurrencies when he was 12 years old. became close after receiving a $1,000 gift from her grandmother. Instead of spending it on clothes, toys or video games, he invested his money in bitcoin and bought 100 coins on advice from his brother.
In 2013, the first cryptocurrency when the coin’s value was $1,200 turned his investment into cash and got $100,000. Thus, he created his first startup, Botangle, an online education platform that provides virtual connections between students and teachers.. After launching in 2014, he sold Botangle for 300 bitcoins.
Finman has had enough success advising young investors to find something they’re good at and monetize it.
In an interview with Business Insider, he added that people could easily do the same thing he did:
If you’re smart about cryptocurrencies in the next 10 years, most people could make their own luck better than ever.
However, she adds that ‘if you don’t become a millionaire in 10 years, it’ll be your fault’, although the market cap is still less than other asset classes.
Hopeful about Cryptocurrencies
Finman’s comments come at a time when the digital currency market is scrambling to recover old sums amid all the regulatory uncertainty from various governments.. According to CoinMarketCap, today the value of bitcoin has dropped below $8000 to as low as $7796.. Then it went back up to $8744.
Scattered volatility is also seen among other cryptocurrencies.. Ranked second, Ethereum dropped 14.35% in 24 hours, once again falling below $1000 to reach $901. On the other hand, ripple, the third most valuable cryptocurrency, gained 30.49% in a seven-day period.
Despite the recent drop in value, Finman is confident about the future of cryptocurrencies like bitcoin.
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It says:
I still believe in cryptocurrencies. There are always ups and downs on a road. Many people expected this drop. This was almost an accurate prediction after the speeches of many experts.
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