Those who invested in Bitcoin in the early days became millionaires in dollars. One can speak of luck or instinct to identify opportunities. These are some of the success stories of millionaires in Bitcoin.
The millionaire high school
The German teenager Erik he was tired of school and made a bet with his parents: if he succeeds in becoming a millionaire before he is 18, he will no longer have to go to college. He was just 11 when he invested a $ 1,000 gift from his grandmother in Bitcoin.
Erik was advised by his brother about what to do with the money. In 2011, a BTC cost about $ 12 and in 2013, he started selling his first coins around $ 1000.
By 2013, Fineman had already made $ 100,000 of the $ 1,000. With this money, he founded an educational start-up in 2014. Things went well, and Fineman soon moved to Silicon Valley, traveling the world giving lectures. He was also named TIME the most influential teenager of 2014.
In January 2015, Erik received an offer to sell his company for $ 100,000 or 300 BTC – he chose Bitcoin. He continued to create different businesses, and until he was 18 he became a millionaire, winning the bet and giving up going to college.
In the summer of 2017, Fineman owned 403 BTC. In July 2018, he becomes a millionaire in bitcoin, the value of the investment exceeding $ 2 million.
The traveler through the world
Mr Smith prefers to remain anonymous. In an interview with Forbes, he recounted how he became a millionaire in Bitcoin.
After graduating college in 2008, Smith took a job as a software engineer in Silicon Valley. In 2010, he learned about Bitcoin from a colleague and decided to invest $ 3,000 in cryptocurrency. At the moment, Bitcoin is trading at $ 0.15.
Smith forgot about the acquisition until 2013, when the BTC price reached $ 350. He then sold 2000 Bitcoin and another 2000 BTC at the price of $ 800. With a fortune of $ 2.3 million, Smith decided to resign and travel the world. For the past four years, he has traveled around the globe, flying with first class and staying at 5-star hotels.
He estimates that he has so far earned $ 25 million from an initial investment of $ 3,000. He still has another 1000 BTC he plans to sell when the price reaches $ 150,000
Winklevoss twins – Bitcoin’s first billionaires
The Winklevoss brothers have adopted Bitcoin from the beginning and claim that in 2013 they owned 1% of all existing currencies. They now have over $ 400 million and a net worth in cryptocurrencies of $ 1 billion. They have also become important personalities in the crypto market as owners of the Gemini exchange.
Cameron and Tyler started investing in blockchain in 2012. They became famous when they accused Facebook founder Mark Zuckerberg of stealing their social media idea. They obtained a compensation of $ 65 million in the lawsuit filed.
During the big drop of Bitcoin between 2013 and 2015, they lost 80% of their investments. In April 2013, the Winklevoss twins jointly held $ 11 million in BTC, at a price of $ 120 per coin.
As of December 2017, their value had exceeded $ 1.5 billion when the BTC price reached $ 19,700.
They are now among the largest crypto billionaires and have opted to invest the money instead of spending it for the time being.
The owner of “Crypto Castle”
Jeremy Gardner is another millionaire in Bitcoin. He started investing in cryptocurrencies in the early days and made substantial profits. In 2014, he was convinced that Bitcoin would be a future investment.
Gardner’s friends helped him get Bitcoin and he invested several thousand dollars in a very short period of time.
At 25, Gardner is a self-made millionaire. He was initially involved in trading with cryptocurrencies, and currently has an extensive traditional investment portfolio.
His residence in San Francisco, called “Crypto Castle”, houses crypto enthusiasts who visit the city. Gardner claims that at least seven people who lived there became millionaires.
Jerry is a generous host and organizes massive parties – he claims that his biggest expense is alcohol.
The first employee at Coinbase
Olaf-Carlson Wee has become a crypto-enthusiast since he first heard of Bitcoin. He sent his resume to Coinbase Wallet and became his first employee in 2013.
At that time, cryptocurrencies were not a popular topic, but Carlson invested all his money in bitcoin.
In addition, he managed to convince his employer to pay him in the BTC. Although his first crypto investment failed when the BTC crashed from $ 16 to $ 2, he continued to believe in the future of cryptocurrencies.
Subsequently, its value increased from $ 4 million to over $ 200 million in a few months.
Early investor
Eddy Zillan is another example of how you can become a millionaire in Bitcoin before you turn 18. When he was just 15, he started investing in cryptocurrencies – his first purchase was worth only $ 100. The profits earned convinced him that it is a future investment and he continued to trade successfully.
At the time, Zillan had to learn how to invest alone, because there were no online resources to rely on.
As cryptocurrency prices continued to rise, Zillan invested more. In just a few months, his portfolio totaled $ 350,000. By the beginning of 2018, at the age of 18, his portfolio had reached over $ 1 million. It also builds on its success by offering trading tips on the crypto market.
The richest crypto king
According to Forbes, Chris Larsen, the co-founder of Ripple, is the richest person in the crypto industry. He holds an MBA from Stanford, and his business controls 61 billion out of 100 billion XRP globally. As of February 2018, its net worth in cryptocurrencies was close to $ 8 billion.
At 57, Larsen has investment experience and correctly identified opportunities in the crypto market.
In 2012, he became the co-founder of Ripple with founder Gox, Jed McCaleb, with the aim of facilitating international payments for banks using blockchain technology.
In February 2018, Forbes listed him as the richest crypto king on the planet, and his total value is set at $ 59 billion.
With modern digital technologies, the stories above demonstrate that anyone can become rich by investing in the right currency at the right time.
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