Erick Finman, at age 11, invested $1000 into bitcoin, which is now worth millions.
Erik Finman was 12 years old when made a bet with his parents; if he could make a million dollars from investing $1000 in bitcoin, they would let him drop out of school. You could say his bet paid off.
Now Erick is 20 years old, and his thousand dollar investment in 2011 became a net worth of $4.5 million. The approximate value of each bitcoin is $10,320.00, and Erick owns 446 of them. He says he first heard of bitcoin from a hippie wearing a bitcoin t-shirt during an occupy wall street protest in 2008, which convinced him and his brother to invest in bitcoin.
In 2018 he worked with NASA to launch a satellite into space carrying a signed copy of Taylor Swift’s “1989” album and other pop music memorabilia in a digital time capsule.
Erick’s latest endeavor has stemmed from his love for cryptocurrency. He is partnering with a company called Metal to launch a new kind of cryptocurrency to rival Facebook’s Libra (www.metalpay.com). He created a real life Dr. Octopus suit, which has robotic octopus arms intended to be used as prosthetic arms for a young boy with hyper mobility issues.
Another one of his key achievements is an educational start-up called “Botangle”, which paired students with teachers for online schooling. This was a very unique project for Eric, stemming from his bad experience in traditional school. He hopes to enable students to create for themselves the perfect educational system according to their needs. He sold the company for 300 bitcoin, which was a gamble at the time because of the volitility of bitcoins value. Later he bought the company back because he “liked the name too much”.
You can follow his Instagram account @erickfinman for more updates on what he’s been doing with his money lately. He likes to post satirical photos of “new money” stereotypes from time to time. One of his first splurges was on an Audi A8, with the caption saying “My GPA back in High School was 2.1. Now it’s going to be my license plate. (2.1 GPA)”.
I loved the passion in that he is using something shameful as his GPA (2.1) as something inspiration and decided to put it on his license plate.
I think this is really cool because Bitcoin has shown itself to be slightly underrated.
Bitcoin is still very volatile, but evidently profitable. On a similar note- the average American Millionaire had a college GPA of 2.4-2.75.
His tweet about God was interesting. I cannot begin to imagine how unbelievably complex life would be for a 13 year old to have all that money. Just having that much money and keeping a balanced faith, and life in every aspect will be, I think unbelievably challenging.
So interesting to read about someone who didn’t have book smarts, but he found a niche and his timing was perfect. Cryptocurrency was and still is a huge risk, he showed a major entrepreneurial spirit when he took a leap of faith and invested in cryptocurrency. I also love that his license plate will be 2.1 GPA I love that humor.