There are a number of success stories about people who became Bitcoin millionaires. In this article, we look at a few of these stories to get a better idea of the various ways in which it is possible to succeed in the cryptocurrency market and become a Bitcoin millionaire.
When each Bitcoin (BTC) was worth $12 in 2011, Erik Fineman borrowed $1000 from his grandmother and with the help of his brother at just the age of 11, he bought some BTCs. At the end of 2013 when the value of Bitcoin became $1200, he made a fortune.
By January 2015, he had his own education company, then he sold it and was given the choice of accepting $100,000 or 300 Bitcoins. He took the Bitcoins. Fineman also achieved his goal of becoming an 18-year-old millionaire and won’t be going to college. He says he’s happy learning from real-world experiences. However, Fineman stays busy with numerous projects, like involvement with NASA. Those activities — and savvy business sense — feasibly helped him get where he is now.
The Winklevoss twins were one of the earliest BTC investors. Their initial investments, trust and the patience on this new ground-breaking cryptocurrency paid off when they managed to became the first ever bitcoin millionaires.
Peter Saddington of Atlanta first heard about bitcoin (BTC) back in 2011 and purchased some for less than $3 per coin. When the price of bitcoin became around $7,500, the profit on those early investments became approximately 250,000%. “I’ve never seen anything like this,” said Peter Saddington, 35, the entrepreneur who also has a bachelor’s degree in computer science and three master’s degrees. “What solidified my confidence that this is worth investing in is that the code is based on math. It can’t be turned off.”
Jared Kenna, the young millionaire, started his BTC investments by buying the coins for as low as $0.20 each. When some years later the worth of each bitcoin became $258, he sold them and made a fortune. The man confesses he lost about $200,000 when he formatted a flash drive. Therefore, the young millionaire could have earned way more than his impressive revenue of $30 million, if it wasn’t for his mistakes.
Being among the youngest millionaires from cryptocurrency, Charlie Shrem started his way as a co-owner of Evr, a famous gastropub in Manhattan. By the way, this place was among the first to accept Bitcoin as a payment method. Initially, Shrem bought Bitcoins for $3–4. Finally, he bought a few thousand more when it reached $20. Later on, he organized Bitinstant- a physical store where people could buy Bitcoins. At the moment, Bitinstant serves as an exchange platform.