Erik Finman, a 19-year-old young man recently floats over the news channels and hits the twitter feeds being a crypto millionaire. At age 12, he invested $1,000 which he received from his grandmother as a gift, in buying bitcoin. The fortunes were evenly in his favour and by 18, he became a millionaire. Currently, he owns 401 bitcoins, which are of worth 3.4 Million at a rate of $8512 per coin. In an interview with CNBC, he offered his advice to other young men out there to join the crypto-craze. He said, just pot your 10 percent into cryptocurrency, and I would prefer to go for bitcoin as it is the safest cryptocurrency nowadays.
However, the experts have a different opinion in this respect. Jaime Dimon, the CEO of JPMorgan Chase addressed the cryptocurrency as ‘fraud’. He said at the Delivering Alpha Conference, organised by CNBC that ‘it is just not a real thing. Someday it would get vanish from this world leaving thousands of people with empty hands’. CNBC’s Jim Cramer added a supportive comment to this saying, ‘Cryptocurrency is pure gambling at this point’.
Moreover, Finman is stiff on his part and said, it is the best bet one can make as the coin would take a top spot. He also added that investing money in bitcoin right now is a good idea to go. Cryptocurrency investment is in fact, one of the fastest means to earn wealth. Well, all we can say is all you need is a good day and better stars to become a millionaire like Finman.
