Here's What Millionaires Do Bitcoin. The term 'Bitcoin Millionaire' is currently not uncommon, with many individuals having made a fortune from investing in the first cryptocurrency launched in 2009. Created by the pseudonymous Satoshi Nakamoto, Bitcoin works on a blockchain system and runs without a third party - meaning no regulation any bank.
Coins, originally worth less than a dollar, can now cost you about $ 9,000 / coin, and some lucky people who get in early and now live luxuriously and spend their time traveling the world, starting their own company and, of course, investing in more Bitcoin. Take a look at some of these below.
Charlie Shrem
Shrem first learned about Bitcoin in 2011 while studying at Brooklyn College. Initially, he bought 500 coins for $ 3 each and then continued to invest more because the price went up. While still in college, Shrem set up bitcoin exchange startup Bit Instant, a company that allows fellow Bitcoin investors to use crytocurrency directly to shop from over 700,000 stores, including Walmart, Duane Reade, and Boots.
But not all ended well for 26 years, as Charlie Shrem was later accused of operating an unlicensed money transmission business. He pleaded guilty and went on to serve time in prison. However, his faith in the blockchain system was only reinforced after a prison incident with prison guards and mackerel, the currency of choice behind bars. Up to now, Shrem's net worth is about 45 million.
Grant Sabatier
Sabatier first invested $ 5000, a fraction of his savings, into Bitcoin (at that time $ 72) after watching a documentary and reading fourms about cryptocurrency. He bought a total of 69.2 bitcoins, which is now worth about $ 1,148,720; the maestro even earns a million dollars in 2017 alone, making it what he calls "the easiest money I've ever made".
Sabatier now runs a blog called MillennialMoney.com where she talks about personal finance and entrepreneurship, helping others make smart investment decisions on crypto and other sectors. Prior to this, he also ran various side-hustles such as domain buying, SEO consulting, and blogging, the latter of which alone brought him $ 2000 per month.
Erik Finman
Probably the most famous bitcoin millionaire on Youtube, Erik Finman, 18, forged his own way when he invested in Bitcoin and left high school to start his own business. He started investing in Bitcoin in 2011, at the age of 12, returning when they were only worth $ 12 each. His money comes primarily from a $ 1000 gift from his grandmother, and soon he collects about 403 Bitcoins, worth more than a million dollars today, and this does not even include the smaller investments he makes in other crypts such as Ethereum and Litecoin.
The motive is the bets he has with his parents who claim that if he becomes a millionaire before the age of 18, they will let him out of college. Needless to say, he won. In 2014, he launched an online education platform called Botangle that helps frustrated students like he finds tutors, and he also currently works with NASA to launch rockets through their ElaNa project. Finman recently gained a feature on Buzzfeed where his video, 'I'm a teenager, Bitcoin Millionaire, has three million views and is growing.
The Winklevoss Twins
American rowers and internet entrepreneurs Cameron and Tyler Winklevoss famously sued Mark Zukerberg for allegedly stealing Facebook ideas from them, earning $ 35 million after fiery court battles. They jumped into the Bitcoin wagon, investing nearly 11 million in the market, bringing their net worth close to $ 400 million dollars.