High schooler becomes millionaire thanks to Bitcoin

The rags-to-riches stories about Bitcoin investors are a consistent theme with the rise in the value of Bitcoin over the past six months.

The most recent is Erik Finman, who invested USD$1,000 in Bitcoin in 2011 when it was valued at USD$12. His parents had made an agreement with him that if he were a millionaire by 18, he wouldn’t have to attend college. A child of two Stanford Ph.D. holders, Finman was willing to take the bet.

He now holds 403 Bitcoins, which, at their current valuation of USD$2,700, represent USD$1.09 mln. He also manages investments for the rest of his family, who have begun looking into Bitcoin as an investment vehicle.

At one point, an investor offered him either 300 Bitcoins or USD$100,000. At the time, Bitcoin was worth USD$200. He took the coins over the cash, much to the chagrin of his parents.

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Source: High Schooler Becomes Millionaire Thanks to Bitcoin – The Cointelegraph