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2 HOURS AGO
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High Schooler Becomes Millionaire Thanks to Bitcoin
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The rags-to-riches stories most Bitcoin investors are a consistent topic amongst the ascension inwards the value of Bitcoin over the past times vi months.
The most recent is Erik Finman, who invested $1,000 inwards Bitcoin inwards 2011 when it was valued at $12. His parents had made an understanding amongst him that if he were a millionaire past times 18, he wouldn’t conduct maintain to attend college. H5N1 small-scale fry of 2 Stanford Ph.D. holders, Finman was willing to conduct maintain the bet.
He similar a shot holds 403 Bitcoins, which, at their current valuation of $2,700, correspond $1.09 mln. He also manages investments for the balance of his family, who conduct maintain begun looking into Bitcoin equally an investment vehicle.
At 1 point, an investor offered him either 300 Bitcoins or $100,000. At the time, Bitcoin was worth $200. He took the coins over the cash, much to the chagrin of his parents.
Will he provide to college? "I never got my GED, together with I don't run across the value inwards it," Finman said. "The role of that would live on to acquire or together with thus other pedagogy marking together with acquire a job. I had to larn through running a business. Instead of writing essays for English linguistic communication class, I had to write emails to of import people.”
