Let’s take a look at some stories of BTC millionaires.
Erik Finman, the youngest BTC millionaire and Mr. Smith
Erik Finman is perhaps the youngest BTC millionaire. His story begins at the age of 12, in 2011, with an initial investment of $ 1,000.
He met with BTC during a protest in Washington. When he met a guy in a BTC T-shirt. Finman asked him what the symbol represented, and he told him, “Wall Street ends, bro.” He then began his research individually, and with the $ 1,000 he received as a gift from his grandmother, his journey into the world of BTC began.
Mr. Smith decided to invest in BTC in October 2010 with an initial investment of $ 3,000 and bought 20,000 BTC.
It was not until three years later that a software engineer began selling. He first sold 2,000 BTC for $ 350 apiece and then another 2,000 BTC for $ 800 apiece. Thanks to these two sales alone, Mr. Smith earned an incredible $ 2.3 million and joined the BTC Millionaire Club.
BTC millionaires as inspiration
There are many incredible stories of BTC millionaires, among others the Italian Riccardo Sussi of Brescia said a few years ago about his investment in thousands of BTCs when the cryptocurrency cost only a few dollars. It wasn’t until BTC reached the $ 10,000 price point in 2017 that it began selling.
Of course, all these stories date back to a time when the price of BTC was growing exponentially. Many actually became millionaires because of betting and belief in a primary cryptocurrency in the beginning, or when BTC was worth $ 1, $ 10, or $ 100.
These are successes that have inspired many others to decide to replicate them with other cryptocurrencies.
By choosing other cryptocurrencies or tokens, some users in the cryptocurrency sector have become millionaires.
In April 2021, for example, two brothers from Westchester, New York, saw their bill rise to six zeros overnight. This time the asset of choice was not BTC. It all happened thanks to a bet on Shiba Inu (SHIB), a cryptocurrency known on its site as the Dogecoin killer.
Following the stories of BTC millionaires, James and Tommy initially decided to invest $ 200. Not only that, but both also introduced the idea to their mother, father, sister and several other family members, who over time invested a total of another $ 8,000.
The growth of the cryptocurrency market in 2021, which also included SHIB, brought everyone $ 1,000,000.