Erik Finman/YouTube
- Erik Finman bought $1,000 worth of bitcoin at the age of 12 in 2011, when each bitcoin was $10 to $12.
- Today, he says he holds 446 bitcoins — that means he’s sitting on around $4.5 million in bitcoin, according to Tuesday’s price.
- The Idaho tween who bet big on bitcoin is now a 20-year-old Silicon Valley millionaire with two new cryptocurrency ventures launched in 2019, including a competitor to Facebook‘s forthcoming Libra cryptocurrency.
- Visit Business Insider’s homepage for more stories.
Erik Finman says he’s the youngest person to become a bitcoin millionaire.
In the past eight years, he’s grown his bitcoin holdings from about 100 (worth $1,000 in 2011) to nearly 450 (worth about $4.5 million in 2019). And he had an early start — he made his first investment at age 12, and became a millionaire at age 18. Now at age 20, he’s invested in a competitor cryptocurrency that he says will "kill" Facebook‘s forthcoming Libra cryptocurrency.
Read on for a timeline of the life of Erik Finman, from Idaho tween to Silicon Valley crypto-millionaire.
In 2011 at the age of 12, Idaho tween Erik Finman bought $1,000 worth of Bitcoin.
Wired UK/YouTube
Finman grew up in Post Falls, a small town outside of Coeur d’Alene, Idaho.
Snehit/Shutterstock
Source: Techcrunch, CNBC
His parents met as Ph.D. students at Stanford University. Erik is the youngest of their three sons.
Getty
Source: New York Magazine
See the rest of the story at Business Insider
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Source: Business Insider – raydin@businessinsider.com (Rebecca Aydin)