It paid off because bitcoin was valued at $1,200 just a couple of years later. In 2011, Erik Finman was just 12 years old when he received a generous gift of $1,000 from his grandmother, all of which he spent on mining crypto. Erik Finman had made a bet with his parents that he wouldn't have to go to college if he became a millionaire by 18. So unlike banks, it's faster, cheaper, and more secure. You don't need centralized banks to send money-you have these great pieces of tech send money for you through cryptography. “It's like a rebellion to traditional finance. Speaking about his success and the scope of crypto, he says: I think at no point in human history have people in their 20s had such an opportunity to invest in such high-growth assets," Kingsley told Business Insider. The bet worked, when that investment turned into a seven-figure sum. Source: Unsplash 7. Kingsley Advani sold everything he owned and used the cash to buy crypto. When he cashed some of them in, after hearing about bitcoin on the news, he realised he was basically a millionaire. Curious to experience what it was all about he decided to spend around $26 which bought him 5,000 bitcoin. In 2009, Kristoffer was busy writing his master thesis on encryption technology at his University in Norway, where he came across bitcoin. Kristoffer Koch might have forgotten about the bitcoin he had mined in 2009 for $26 but when he cashed a fifth of it in 2013, he took home $886,000. The price went up 500%, he cashed in his profits for £2500 and bought himself a nice expensive holiday to Iceland. For James Saye, it was a paid vacation in Iceland.īack in 2017, James was a bit hesitant to invest in crypto but he took the chance and purchased £500 of crypto. See, years later, when he sold a little bit of the coins he had mined all those years ago, they bought him a $200,000 Maserati. Source: Unsplash 4. Kane Ellis, an Australian entrepreneur started mining bitcoin in 2010 when the cost was only $1.60.Įllis might have started a technology consulting company Nerd Herd at the age of 18 but his biggest investment still was the bitcoin he mined in 2010. And as the prices rose, so did his stock making him a millionaire by the age of 30. In 2013, he started investing in bitcoin. He turned the majority of his savings and stock holdings into cryptocurrency investments. Gardner saw an opportunity in crypto when he realised anyone with an internet connection could send money to someone else.
Last year he sold some of those coins for half the deposit on the new house he bought! Source: Unsplash 3. Jeremy Gardner became a millionaire by the age of 30. He kept those coins for 8 years as their value kept increasing. So when he heard about Bitcoin, Daniel decided to invest in it. In 2012, when Daniel was working as an apprentice at an IT company, he would chat with his colleagues about making some extra money. Source: Unsplash 2. Daniel Crocker bought a house for himself after investing in and keeping the coins for 8 years.
In 2020, he cashed his Bitcoin and bought himself a Bentley. Khan carefully started buying Bitcoin when there was no news about it when the price was low.
But every time he would let a Bitcoin just sit, its price would go up. In 2018, when Bitcoin’s price was around $3,000, Javed Khan started using crypto because it was easier to transfer money this way. Javed Khan took a little risk to invest just enough to buy himself a Bentley. Having said that, let's have a look at the success stories. Just like with every investment people do, there's an element of risk involved. Case in point, these 10 people who invested in crypto at their own convenience and time and guess what, the money came pouring in.īut just to be clear, while these are great success stories, there's no guarantee that investing in Crypto-currencies will give you a windfall in cash. Crypto might be new to our ears but it has been here for a while and it has been a massively successful industry.