This 19 year old teenager received Rp 80 billion thanks to Bitcoin

in #news6 years ago

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Jakarta - Thanks to the investment into Bitcoin digital currency since very young age, this teenager named Erik Finman is now rich. The sale is estimated at USD 6 million or in the range of Rp 80.6 billion at the age of 19 years.

Initially, Erik who grew up in a wealthy family in Idaho, United States, was awarded USD 1,000 from his grandmother when he was 12 years old. All the money he bought Bitcoin that was not very well known.

Along with the skyrocketing value of Bitcoin, up to a dozen thousand dollars, Erik was rich thanks to the investment and other business activities involving Bitcoin. Although the value of Bitcoin dropped, Erik still believes that digital currencies such as Bitcoin or Ethereum are still a good investment.

"I still believe in cryptocurrency, there will always be an increase and decrease," he said as quoted from Business Insider.

Choosing to pursue the world of Bitcoin, Finman decided not to continue to college level. Because he won a bet with his parents, that he may not go to college if he could be a millionaire at the age of 18.

"If it's smart about cryptocurrency in the next 10 years, people can build their wealth better than ever," he confided.

"The area is still relatively small, the market capitalization is only half a trillion dollars.It is a very large amount, but small compared to other assets, so if you do not become a millionaire in the next 10 years, that's your fault," he advised.

"Your biggest mistake is to get out of the market today and sell Bitcoin just because of a setback," he said again.

It is worth noting that investments in Bitcoin are high risk. Beginning January 2018, 1 BTC has a value of nearly USD 15,000 (Rp 201 million). Then, at the end of the month, the value of one of the largest cryptocurreny had fallen to be in the range of USD 8.810 (Rp 118 million). (fyk / rou)

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