19-Year-Old Bitcoin Millionaire Says “It’s your fault if you’re not rich”: You might have heard about Erik Finman, a 19-year old German boy who started to invest in Bitcoin when he was only 12. He loaned a thousand euros from his grandmother and invested everything in the crypto world.
Now, Erik Finman has about $1.5 million in Bitcoin or you can say he is a bitcoin millionaire teen. Erik Finman in an interview to the Business Insider says “If you do not become a millionaire in the next 10 years, it’s your fault”
In the interview, he states that it’s still possible to make as much money as he is investing in this unstable market “The area is still relatively small; the market capitalization is just over half a trillion dollars. I do not want to be misunderstood: This is, of course, a very high amount, but in comparison to other asset classes, it’s small.”
According to Erik, people can still make their fortunes with the cryptocurrencies, since the market is still small and has plenty of room to grow. He said, “If you are smart about cryptocurrency over the next 10 years, many people can build their fortunes even better than before.”
Another interesting thing he said is that the current downturn in Crypto-coins is actually a good chance to buy them. He also said that he has many friends who were practically waiting for a devaluation. They wanted a price cut and a fall because they wanted to buy.
Despite Finman’s success in cryptocurrency world, it’s still not advisable to throw all hard-earned money into Bitcoin, Ethereum or any others. What’s your opinion on this? Discuss with us in the comments.