Erik Finman, a teenage crypto millionaire has been in the crypto’s lore. In a Buzzfeed News video uploaded on Youtube which had 5.94 million views, it was revealed that Finman used to be an average American adolescent who has dreams of grandeur and hatred for college.
As a result of his hatred for college, his parents decided that only if his net worth would amount to $1 million at the age of 18, he wouldn’t need to attend college.
Finman, whom his grandmother gave a sum of $1000 to start a college, spent the money in allocating Bitcoin (BTC), which value was $2.5 per piece as at the time of purchase.
In a chat with Buzzfeed, Finman, who lives presently in a New York high tower, disclosed why he invested in Bitcoin. According to him, before he received his grandmother’s gift, his brother had started venturing in cryptocurrencies.
The early-stage adopter is now interested in cryptocurrencies, deeply rooted in the internet’s immortal stone. With the funds he obtained, which got to a maximum valuation of $8 million in 2017, he therefore bought a beautiful apartment block in New York and also financed and got involved in some innovative startups, this include a recent satellite-centric project.
According to Ethereum World News, Erik has not disclosed the amount of BTC he has sold and how much profit he had gotten from his investment.
In a chat with MarketWatch, the young millionaire entrepreneur has hinted that he may have his whole cryptocurrency portfolio liquidated into fiat.
Finman stated that putting many eggs in a basket, i.e. cryptocurrencies could generate dismal results. He said that “Bitcoin is dead,” he also added that the divided nature of the cryptocurrency community, could turn out to be the end for the asset.
Finman then explained that Litecoin has been “quite dead for a while” relating it to “setting sun when it is about to go under the horizon.”