{"id":17092,"date":"2018-12-05T18:19:03","date_gmt":"2018-12-05T15:19:03","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=17092"},"modified":"2018-12-05T18:19:03","modified_gmt":"2018-12-05T15:19:03","slug":"erik-finman","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/erik-finman\/","title":{"rendered":"The Teenager Who Became a Millionaire by Investing in Bitcoin"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.investopedia.com\/content\/daily_blog\/who_is_erik_finman_\/erik_finman.jpg\" alt=\"\u00d9\u0086\u00d8\u00aa\u00d9\u008a\u00d8\u00ac\u00d8\u00a9 \u00d8\u00a8\u00d8\u00ad\u00d8\u00ab \u00d8\u00a7\u00d9\u0084\u00d8\u00b5\u00d9\u0088\u00d8\u00b1 \u00d8\u00b9\u00d9\u0086 \u00e2\u0080\u00aaErik Finman\u00e2\u0080\u00ac\u00e2\u0080\u008f\" width=\"682\" height=\"384\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Investing in Bitcoin is on the minds of more than just adults these days. This digital currency has also captivated younger generations and future investors. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">teenagers and even minors.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">We head to the United States, where Wall Street refuses to recognize digital currency, to meet teenage millionaire Erik Finman <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">who began investing in Bitcoin in 2011\u2014before most of us had even heard of it!<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">That year, he received $1,000 as a gift from his grandmother. Instead of spending it on video games, as a 12-year-old might, he was fascinated by<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> the internet through the newly emerging digital currency, became convinced it was the currency of the future, and decided he should own hundreds of them.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">At the time, each Bitcoin was worth no more than $12. He managed to acquire a large number of them during that period and hold on to them. At the end of 2013, he decided to sell <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0645\u0627 \u064a\u0645\u0644\u0643\u0647 \u0641\u064a \u0645\u062d\u0641\u0638\u062a\u0647 \u0645\u0642\u0627\u0628\u0644 100 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 \u062d\u064a\u062b \u0648\u0635\u0644 \u0633\u0639\u0631 \u0627\u0644\u0639\u0645\u0644\u0629 \u0625\u0644\u0649 1200 \u062f\u0648\u0644\u0627\u0631 \u0648\u0643\u0627\u0646\u062a \u062a\u0644\u0643 \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0642\u0645\u0629 \u0642\u0628\u0644 \u0625\u0646\u062f\u0644\u0627\u0639\u00a0\u0623\u0632\u0645\u0629 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and it fell back to between $250 and $300.<\/span><\/p>\n<p>&gt;<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>100 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0639\u0627\u0626\u062f \u0645\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u2026\u062b\u0645 \u0625\u0637\u0644\u0627\u0642 \u0645\u0646\u0635\u0629\u00a0<\/strong><strong>Botangle<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">After earning $100,000 from his first investment, he decided to expand his online activities and launch Botangle, a platform specializing in educational videos <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and high-quality lessons from teachers and professors for a student audience.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Things continued as before. He still didn\u2019t own any Bitcoin at the time, but he kept following the news about it as it began to emerge from the crisis.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In January 2015, someone interested in buying Botangle offered him either $100,000 or 300 Bitcoin.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">He chose the cryptocurrency over cash and decided to treat it as another investment\u2014this time with the goal of becoming a millionaire.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>A bet with his parents: he would leave high school if he became a millionaire by age 18<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Erik Finman won the bet and currently owns 403 bitcoins. At Sunday\u2019s bitcoin price, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">which reached $2,505, that means he owns more than $1 million worth.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Of course, this time he won\u2019t sell them. He is trying to invest more money in the currency, and may also hold other cryptocurrencies in his digital wallet.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In an interview, he said he was happy not to finish high school and to be able to focus on investing. He has ambitious goals and believes this currency could<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> eventually be worth hundreds of thousands of dollars\u2014or even $1 million\u2014per coin.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\"><strong>The U.S. education system is bad and not recommended<\/strong><\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Erik Finman is one of many students who believe the U.S. education system is deeply flawed and needs a major overhaul.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In this regard, the millionaire said that it was a bad system and that students would be better off relying on the internet, where YouTube is full of tutorials and online learning platforms are available.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">He believes that, instead of wasting time collecting certificates, earning good grades, and memorizing information, it\u2019s better to choose what you want to learn and study it online.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0644\u0627 \u064a\u0634\u063a\u0644 \u0641\u0642\u0637 \u0639\u0642\u0648\u0644 \u0627\u0644\u0628\u0627\u0644\u063a\u064a\u0646 \u0647\u0630\u0647 \u0627\u0644\u0623\u064a\u0627\u0645 \u0628\u0644 \u0625\u0646\u0647\u0627 \u0639\u0645\u0644\u0629 \u0631\u0642\u064a\u0645\u0629 \u0633\u062d\u0631\u062a \u0623\u064a\u0636\u0627 \u0627\u0644\u0623\u062c\u064a\u0627\u0644 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0648\u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629 \u0641\u064a \u0639\u0627\u0644\u0645 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0627\u0644\u0645\u0631\u0627\u0647\u0642\u064a\u0646 \u0648\u062d\u062a\u0649 \u0627\u0644\u0642\u0627\u0635\u0631\u064a\u0646.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":17094,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[17864,2021,17863,15820,15818],"class_list":["post-17092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-erik-finman","tag-2021","tag-17863","tag-15820","tag-15818"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/17092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=17092"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/17092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/17094"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=17092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=17092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=17092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}