The teenager who is a millionaire speaks thanks to Bitcoin DECEMBER 18, 2017 MIREMIRE BITCOIN, ERIK FINMAN, MILLIONAIRE BITCOIN

in #news6 years ago

Erik Finman continues to believe that it is an excellent business to invest in cryptocurrencies.

Erik Finman has changed a lot since 2011, when he invested a gift in cash from his grandmother in bitcoins. Six years later, the value of Bitcoin increases exponentially, and Finman, now 18 years old, is a millionaire.

But one thing that has not changed is Finman's enthusiasm for cryptocurrency.

"Every time I sell a bit of bitcoins, or pay for something in bitcoins, I multiply that price by ten, because that's where I think Bitcoin is going," said Finman on CNBC's "Closing Bell." "I think he's a huge being, and I think he's an incredible being, so I try not to take out any of my bitcoins."

Despite the skyrocketing value and volatility that makes institutional analysts embarrassed, Finman believes that now is a good time to buy the cryptocurrency. But there is no need to bet all the money there.

"I think it's a wonderful time to buy bitcoin, you can actually buy a bitcoin fraction," he said. Recommended as a Christmas gift:

Buy USD $ 100, $ 50 in bitcoins. It would be a great stuffing for Christmas socks. "

Although young, Finman has learned to be smart in his investment years. It has created a diversified portfolio with participations in other cryptocurrencies and other sectors.

But he is still betting on Bitcoin.

"Bitcoin for me, it's not just an investment, it's not just a scheme as fast as many people put it," said Finman. "I see it as the future of the currency in general, I see it as the future of the financial system."

Finman's investment began in 2011 when he exchanged USD $ 1,000 that his grandmother gave him for bitcoins. At that time the cryptocurrency was worth only US $ 12.

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