‘Bitcoin Boy’ Erik Finman says if you’re not a millionaire in ten years, it’s your own fault
The small town kid from Idaho, US, started on the road to premature riches when he was 12 and his gran gave him £700
A 19-YEAR-OLD Bitcoin mogul has said that if you don’t get rich investing in crypto in ten years “it’s your own fault”.
Erik Finman begged his parents to let him drop out of school at just 15.
His highly educated parents were concerned by his desire to shun education so he made a bet with them - if he could become a millionaire by the age of 18, he didn’t have to go to uni.
Now he is a budding tech prodigy and, technically, a millionaire thanks to his horde of cryptocurrency.
He claims raking in the dosh was so easy that if you’re not a millionaire in the next ten years, it’s your own fault.
The small town kid from Idaho, US, started on the road to premature riches when he was 12 and his gran gave him £700 as a gift.
He decided to invest it in bitcoin and bought 100 units of the digital currency after his older brother told him about it.
He took to the currency with such gusto that after he started making headlines by the age of 16, some in the media anointed him “Bitcoin Boy”.
He told : “If you are smart about cryptocurrency over the next ten years, many people can build their fortunes even better than before.
“The area is still relatively small — the market capitalisation 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 ten years, then it’s your own fault.”
It hasn’t been a good month for bitcoin and much of the cryptocurrency market for that matter.
While wild fluctuations in price are common, bitcoin is down more than 50 per cent from its December high when media saturation seemed to peak.
With the threat of further regulatory crackdown by governments and questions over its viability as a method of payment, it shows little sign of surging upwards any time soon.
After reaching around £14,000 in December, this morning bitcoin dropped below £6,000 per unit.
But despite the recent downturn in the crypto market, the Bitcoin Boy still very much believes in cryptocurrencies.
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He said: “There are always ups and downs on the way up. Many people have anticipated this decline.
“It was almost a self-fulfilling prophecy after many experts spoke of a bubble.
“I remain stuck with my bitcoins — and there are a lot of them.”
A version of this story first appeared on
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