7 Best Bitcoin Success Stories

BTC Keychain / Flickr

70NEWSJAPAN - In May 2011, when Erik Finman was only 12 years old, his grandmother gave him $1,000. Finman decided to put all the money in Bitcoin. In 2013, the value of Bitcoin increased, and he realized that the amount was worth $100,000. For a high school student, Finman had done exceptionally well with his investments, so, not surprisingly, he decided to quit school and start his own company.

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Finman makes no secret of his dislike of the current education system. This is why he established an organization called Botangle, which provides peer to peer tutoring service through video chat. When in 2015, Finman found a buyer for his company, he was offered either $100,000 or 300 bitcoins. At that time, Bitcoin costed little less than $200, but Finman decided to take the Bitcoin offer, because he was confident that it will soon grow in value. In 2017, Erik Finman became a millionaire at the age of 18.

Kenna had also lost 800 Bitcoins when his computer was erased in 2010. Kenna did not worry a lot about the loss at that time, but the hacking has caused him a lot of distress over the money he lost. Since Bitcoin does not allow a reversal of transactions, there is no way to get the money back.

Jered Kenna is now a businessman, who uses Bitcoins for most transactions and encourages the use of Bitcoins in his business as well. While he lost a lot, he was still able to enjoy a lot of profits, which helped him grow his business.

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Inspired by these investors? While some started off early, some started as late as 2017. Those, who recognized the potential of digital currency, have been able to reap its benefits. Of course, early adopters have enjoyed the best returns. You can become an early adopter of one of the digital currencies that is yet to hit the market by participating in Initial Coin Offerings (ICOs).