Millionaire of 19 years thanks to Bitcoin: "if you do not get rich in the next decade, it will be your fault"
Do your friends and colleagues at work insist that you invest in cryptocurrencies or ICOs who do not know what they mean? This 19-year-old teenager thinks they're right: you're missing out on the opportunity to be rich. It is more: "if you do not become a millionaire in the next 10 years, it will be your own fault".
Erik Finman is a young German known for amassing a fortune equivalent to 1.5 million dollars after investing in Bitcoin the 1000 euros that his grandmother gave him six years ago. In 2014, Finman made a bet with his parents: if he earned a million before turning 18, he would not go to college. Since then he has appeared in the media for projects such as launching a Taylor Swift album into space or setting up the "best university in the world" in Dubai.
Now Business Insider has done an interview about the status of Bitcoin. Finman says that "you do not have to panic about the ups and downs or the bubbles" and, far from launching a call for moderation, encourages everyone to invest wisely in cryptocurrency so as not to lose the opportunity to earn millions in the next decade:
Business Insider: Technology has its limits, and cryptocurrencies are today at a completely different point than a few years ago. Do you think it would be just as easy to win that bet today with your parents?
Finman: If you act smartly in the next 10 years, many people will be able to build a fortune around cryptocurrencies, even better than before.
It is still a relatively small area. The market capitalization is just over half a trillion dollars. I do not want you to misunderstand me: of course, it's a very high amount, but compared to other asset classes, it's small. What I'm saying is that if you do not become a millionaire in the next 10 years, it will be your own fault.
In this area, new business models and innovations are still emerging, and therefore, there are many investment opportunities. It is a new type of gold rush, or a new type of Silicon Valley: there are many opportunities.
"It's that easy, you just have to invest all your money (as long as you have a grandmother who lends it to you) in cryptocurrencies," says Matt Novak at Gizmodo. He adds: "It is downright dangerous to recommend people deposit large sums of cash in Monopoly money."
Nor must be so hard with Finman: after all, he has played his cards well. But the fact that he played well does not imply that we can all get rich by buying bitcoins. It is easy to see that there is a promising future for blockchain technology and cryptocurrencies, but that future will come when people stop speculating with them.
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