Bitcoin: Making More Millionaires Than Ever:-
The
Financial situation of the world is changing. Nearly 40 percent of people
between the age group of 22 and 35 have at least $1,000 in their bank accounts.
That might not sound like a huge amount, but if we talk about 19-year-old
bitcoin millionaire Erik Finman , its more than enough to invest in Bitcoins.
Financial situation of the world is changing. Nearly 40 percent of people
between the age group of 22 and 35 have at least $1,000 in their bank accounts.
That might not sound like a huge amount, but if we talk about 19-year-old
bitcoin millionaire Erik Finman , its more than enough to invest in Bitcoins.
Right
At the age of 12, Finman got a $1,000 gift from his grandmother and right at
that point of time,he used the same money in buying his first Bitcoin .Guess
what ? By the time he turns 18, he was a
millionaire! As of now, there are almost 401 bitcoins currently in his kitty,
which equals approx, $3.4 million at a rate of $8,512 a coin. Bitcoin has helped
and supported lots of such stories across the globe with the kind of opportune
it provides to people.
At the age of 12, Finman got a $1,000 gift from his grandmother and right at
that point of time,he used the same money in buying his first Bitcoin .Guess
what ? By the time he turns 18, he was a
millionaire! As of now, there are almost 401 bitcoins currently in his kitty,
which equals approx, $3.4 million at a rate of $8,512 a coin. Bitcoin has helped
and supported lots of such stories across the globe with the kind of opportune
it provides to people.
As
per Finman, Bitcoin is currently your best bet. While he also admits that there
may be some other Cryptocurrency that would take its place after sometime, this
is not going to happen any sooner as well.”Putting money into bitcoin
right now is good,” he says. “That may change because there may be a
better solution. But I think that better solution will be very obvious and will
be a long time coming so you can make that switch.”
per Finman, Bitcoin is currently your best bet. While he also admits that there
may be some other Cryptocurrency that would take its place after sometime, this
is not going to happen any sooner as well.”Putting money into bitcoin
right now is good,” he says. “That may change because there may be a
better solution. But I think that better solution will be very obvious and will
be a long time coming so you can make that switch.”
Financial
advisers across the globe are now suggesting that investing in crypto currency
currently is one of the fastest ways for teenagers to attain wealth. As per
them, Cryptocurrency represents the biggest transfers of wealth, the current generation
has ever witnessed. As a result, Never ever before in history, Young people have
been able to transform economic classes so quickly.
advisers across the globe are now suggesting that investing in crypto currency
currently is one of the fastest ways for teenagers to attain wealth. As per
them, Cryptocurrency represents the biggest transfers of wealth, the current generation
has ever witnessed. As a result, Never ever before in history, Young people have
been able to transform economic classes so quickly.
It
must be noted that Created in 2008, bitcoin is a payment system that enables to
transact, send and receive money with anonymity irrespective of your
Geographical location. There are no banking Institutions involved neither there
are any middlemen. Also, the Transactions get recorded on a digital ledger named
as a blockchain, which further stores the related information with full
security and transparency.
must be noted that Created in 2008, bitcoin is a payment system that enables to
transact, send and receive money with anonymity irrespective of your
Geographical location. There are no banking Institutions involved neither there
are any middlemen. Also, the Transactions get recorded on a digital ledger named
as a blockchain, which further stores the related information with full
security and transparency.
Bottom-line:-
We
all know that while Bitcoin is helping people worldwide to become rich in no
time whatsoever ,its volatility needs to be closely monitored and managed.
There are people who invest their hard earned money without any prior knowledge
of the concept and the mechanism. Also, there are many people around who are
making a misuse of the Bitcoin Investment just to promote their Money
laundering and Corruptive acts. Therefore, it must be the responsibility of the
Government authorities and financial institutions to take appropriate measures
to track down such illegal activities and also make general people aware about
the same so as the whole world would get the long term benefits of this ‘Booming
Cryptocurrency”.
all know that while Bitcoin is helping people worldwide to become rich in no
time whatsoever ,its volatility needs to be closely monitored and managed.
There are people who invest their hard earned money without any prior knowledge
of the concept and the mechanism. Also, there are many people around who are
making a misuse of the Bitcoin Investment just to promote their Money
laundering and Corruptive acts. Therefore, it must be the responsibility of the
Government authorities and financial institutions to take appropriate measures
to track down such illegal activities and also make general people aware about
the same so as the whole world would get the long term benefits of this ‘Booming
Cryptocurrency”.
