Erik Finman, a 19-year-old from Germany, got rich from cryptocurrencies after his grandmother gave him $1,245 to invest (1,000 Euro). He now has roughly $1.5 million in bitcoin, and he’s got some harsh words for the rest of us suckers.
Finman says, “if you do not become a millionaire in the next 10 years, then it’s your own fault.” Finman made the comment during an interview with Business Insider. And while BI rightlys asks whether it’s possible for the average person to replicate his unusual success, the teen gives a rather bullshit answer.
Finman: If you are smart about cryptocurrency over the next 10 years, many people can build their fortunes even better than before. The area is still relatively small; the market capitalization is just over half a trillion dollars.
I do not want to be misunderstood: This is, of course, a very high amount, but in comparison to other asset classes, it’s small. Therefore, I say if you do not become a millionaire in the next 10 years, then it’s your own fault.
New business models and innovations are still emerging in this area, and therefore, there are many investment opportunities. It’s a new kind of gold fever, or a new kind of Silicon Valley — there are really plenty of opportunities. Read more from gizmodo.com…
thumbnail courtesy of gizmodo.com