Erik Finman, a 19-year-old, got sonorous from cryptocurrencies after his grandmother gave him $1,245 to invest. He now has roughly $1.5 million in bitcoin, and he’s got some harsh words for the rest of us lollipops.
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 critics rightly asked whether it’s possible for the average person to replicate his unusual success, the teen gives a rather crapy answer.
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.
Mostly all you need to do is to just plunge all your money (provided you have a grandmother who can lend you some cash) into cryptocurrencies! Teens are tongue-tied and don’t know when to keep their mouth sealed, so we can’t be too hard on Finman.
Especially since everything seems to have worked out well for him. But it’s frankly dangerous to recommend that people start dumping large sums of cash into what’s essentially Monopoly money.
His concluding speech included a paragraph which only explained his entire point of view. He freed that in today’s ever dynamic age of digital revolution, becoming rich is easier than ever, given that you know the right spot to hit. And, that is something very debatable as a statement.
But then again, what do I know? I’m no bitcoin millionaire, let alone a teen one. And I never gave a talk at TEDxTeen (yes, that was a real thing) about getting rich. Do whatever you like with your money. But if you do become wealthy off of some incredibly unlikely event, maybe don’t tell people that they’re a sucker if they don’t become rich themselves.
While, experts said he needs to grow up and see real challenges than dishonouring hard work of men just because he had it easy, courtesy, the rise of an illegal currency in the past few months.