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Erik Finman, then 12 years old, seeing someone with a Bitcoin shirt, inquired more about Bitcoin and invested the $1,000 his grandmother had given him, becoming a millionaire at a young age

Mar 09, 2023 · 1 min read · 261 points
Erik Finman, then 12 years old, seeing someone with a Bitcoin shirt, inquired more about Bitcoin and invested the $1,000 his grandmother had given him, becoming a millionaire at a young age
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The tale of the teenage Bitcoin millionaire is fascinating. When he was 12 years old (in 2011), his grandmother gave him a gift of $1,000. Back then, a single Bitcoin was only worth $12, so he bought as much as he could and decided to hold them.

Highlights

  • Erik Finman, the teenage Bitcoin millionaire, is only 19, but he’s parlayed his initial Bitcoin investment into millions of dollars.
  • He plans on building the “world’s best university” in the city of Dubai.
  • His family already runs online teaching training in Dubai, using the technology he developed through his Botangle project.
  • Finman now owns 401 bitcoins, which is worth $4.9 million currently.
  • His whole family is involved in the project, and Finman chose Dubai because it already has the tallest building, the biggest malls – and I think it deserves to have the best education system in the world too.

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