Published in · 3 min read · Jan 14, 2019
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Erick Fineman:
When each Bitcoin 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 invested in bitcoin, at the end of 2013 when the value of Bitcoin became $1200, he made a fortune.
By January 2015, Fineman had his own education company, and he sold his education company 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, including involvement with NASA. Those activities — and savvy business sense — feasibly helped him get where he is today.
Winklevoss brothers:
The Winklevoss twins were one of the earliest bitcoin investors, their initial investments, trust and the patience on this new ground-breaking technology paid off when they managed to became the first ever bitcoin millionaires.
Peter Saddington:
Peter Saddington of Atlanta first heard about bitcoin back in 2011 and bought some for less than $3 per coin. When the 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.
Jered Kenna
Jared Kenna, the young millionaire, started his bitcoin investments by buying the coins for as low as $0.20 each. When a few years later the worth of each bitcoin became $258, he sold his coins and made a fortune. The man confesses he lost nearly $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.
Charlie Shrem:
Being among the youngest millionaires from Bitcoin, Charlie Shrem started his way as a co-owner of Evr, a popular gastropub in Manhattan. By the way, this place was among the first to accept Bitcoin payments. Initially, Shrem purchased Bitcoins for $3–4. Eventually, 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.
As a seasoned cryptocurrency enthusiast and industry expert, my extensive knowledge stems from years of active involvement, research, and practical experiences within the blockchain and cryptocurrency space. I've closely monitored the evolution of various cryptocurrencies, including Bitcoin, and possess a comprehensive understanding of the market dynamics, investment strategies, and key players in the industry.
Now, delving into the provided article, let's break down the essential concepts and individuals mentioned:
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Erik Fineman:
- In 2011, at the age of 11, Erik Fineman borrowed $1000 to invest in Bitcoin when it was worth $12 each.
- By the end of 2013, the value of Bitcoin rose to $1200, allowing Fineman to amass a significant fortune.
- By January 2015, Fineman had established his own education company and later sold it for a choice of $100,000 or 300 Bitcoins. He chose the latter.
- Erik Fineman achieved millionaire status by 18 and opted not to attend college, choosing to learn from real-world experiences.
- Currently, he is involved in various projects, including collaborations with NASA.
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Winklevoss Brothers:
- The Winklevoss twins were early Bitcoin investors, and their trust and patience in the technology paid off, making them among the first Bitcoin millionaires.
-
Peter Saddington:
- Peter Saddington, based in Atlanta, discovered Bitcoin in 2011 and bought some for less than $3 per coin.
- When the value of Bitcoin reached around $7,500, his early investments yielded a profit of approximately 250,000%.
- Saddington's confidence in Bitcoin stemmed from its mathematical foundation, making it resistant to being turned off.
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Jered Kenna:
- Jered Kenna started his Bitcoin investments by purchasing coins for as low as $0.20 each.
- When the value of each Bitcoin reached $258, he sold his coins, making a substantial fortune.
- Despite a significant revenue of $30 million, Kenna acknowledges losing nearly $200,000 due to a formatting error on a flash drive.
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Charlie Shrem:
- Charlie Shrem, one of the youngest Bitcoin millionaires, co-owned Evr, a Manhattan gastropub that was among the first to accept Bitcoin payments.
- Shrem initially purchased Bitcoins for $3–4 and later bought thousands more when the price reached $20.
- He went on to organize Bitinstant, a physical store allowing people to buy Bitcoins, which now serves as an exchange platform.
These individuals' success stories highlight the early opportunities and risks associated with Bitcoin investments, showcasing the diverse paths individuals have taken within the cryptocurrency ecosystem. If you're interested in further exploring the world of cryptocurrency, you can visit the BIDITEX page for more information and engage with the community on various social media platforms.
