Teenager Becomes Millionaire by Investing in Bitcoin

in bitcoin •  8 years ago 

Here's a fantastic story I found in the MSM. A teenager who hated school made a bet with his parents that if he was a millionaire by the time he was 18, he didn't have to go to college. He won the bet.

Here's how: Simply by investing $1000 that his grandma gave him in Bitcoin way back in 2011 when it was only $12 a coin!

That got him 83 BTC, which at today's prices are worth over $200,000. Next he started a company & invested in a series tech start-ups. He has now grown his BTC to 403 & also owns Ethereum & other cryptos, passing the $1 million goal & reports having no plans to sell anytime soon.

A quote from the article:

"And he has no regrets about not going to university.

"The way the education system is structured now, I wouldn't recommend it," he said.

"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."

Congratulations Erik, I suspect we'll be hearing more from you :-)

A link to the article: http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

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I'm in higher ed. I was a professor. I'm with this kid for 90% of the kids that are going.

Awesome boy. Envoius

Awesome post :)

Now there is one very wise young man.

Also, in the right place at the right time... ;)

😄😇😄

@creatr

Great post Alan :o)

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Solid article. Same thoughts here. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We do need more indept investment analysis. I really advice people to take a look at: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Go to: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Research report