Erik Finman bought $1,000 worth of bitcoin at the age of 12 in 2011, when each bitcoin was $10 to $12.
Today, he says he holds 446 bitcoins — that means he’s sitting on around $4.5 million in bitcoin, according to Tuesday’s price.
The Idaho tween who bet big on bitcoin is now a 20-year-old Silicon Valley millionaire with two new cryptocurrency ventures launched in 2019, including a competitor to Facebook’s forthcoming Libra cryptocurrency.
Erik Finman says he’s the youngest person to become a bitcoin millionaire.
In the past eight years, he’s grown his bitcoin holdings from about 100 (worth $1,000 in 2011) to nearly 450 (worth about $4.5 million in 2019). And he had an early start — he made his first investment at age 12 and became a millionaire at age 18. Now at age 20, he’s invested in a competitor cryptocurrency that he says will “kill” Facebook’s forthcoming Libra cryptocurrency.