Bitcoin is the first ever cryptocurrency and is famous for its rapid value highs. The currency which first came in 2009 is trading at $7292.20 at the time of writing, which means an investment of $100 made in 2010 would make you a multimillionaire now. Many people still have no idea how to invest in bitcoin. Although you have missed the first chance, it’s never too late. You’ve still got the chance.
Bitcoin has got the support of some distinguished business tycoons such as Bill Gates, Elon Musk, etc. and is being widely accepted by the business giants like Amazon, Microsoft, Overstock, and Subway as a method of payment.
Where Bitcoin has helped business by introducing an entirely new method of payment, it’s price-spikes have outrageously helped common folk turn around their life.
There are countless stories where someone invested few bucks of their savings into Bitcoin and the next thing they know, they are worth millions.
Here we are going to reveal the incredible story of a teenager – Erik Finman – who put $1,000 of his pocket money into Bitcoin and made over $100,000 within a year.
Idaho Teen Makes $100,000 From The Best Bitcoin Investment:
Erik Finman, 15, from Idaho made a well-timed investment of $1,000 in 2012 which earned him an astonishing amount of $100,000. He later found an education startup from it.
Erik took $1,000 he got as a gift from his grandma and put it in bitcoin in 2012. After holding his bitcoins for one year, he sold them for $100,000.
Finman then chose to reinvest his profit into Botangle.com, an online video tutorial service that “gives students and teachers access to an array of resources that simply don’t exist in a typical classroom setting”, as indicated by its authority website. Notably, Finman pays his employees in BTC.
He stated: “I’m more than certain that Bitcoin will become even more valuable in the upcoming years. It’s like the internet in the ‘90s.”
He proceeded by saying that he collected more bitcoins “so I can win against my brother in what was a battle of ‘who got more bitcoins’”, including that he initially found out about Bitcoin in 2010.Luckily for Finman, he sold his reserve of bitcoins when the cost floated around $1,200 per bitcoin. Though business people will be unable to imitate Finman’s success, they can learn from the individuals who have entered the business through more conventional in-roads.
List of trusted bitcoin investment sites:
UnoCoin (For Indians)