Erik Finman, a BitCoin Millionaire, calls BitCoin a ‘dead’ currency

Erik Finman, a teenager cryptocurrency millionaire predicted the future of BitCoin in the interview to the financial website added on December 17. He admitted that only 1 or 2 bull markets left for BitCoin but there is no future for the coin in the long-term perspective. In 2011, Finman was one of several investors who, […]

By - December 26, 2018
Bitcoin millionaire Erik Finman

Erik Finman, a teenager cryptocurrency millionaire predicted the future of BitCoin in the interview to the financial website added on December 17. He admitted that only 1 or 2 bull markets left for BitCoin but there is no future for the coin in the long-term perspective.

In 2011, Finman was one of several investors who, being only 12 years old, managed to buy coins for the price of $12 per each coin. The schoolboy was happy to receive a present from his grandmother: her $1,000 gift has gradually transformed into $4 million at the time when BitCoin had its highest price in 2017. Another reason why Finman has become so popular is his bet with parents. According to it, he can never enter a college if he becomes a millionaire by the age of 18 and he did it.

Currently, Finman is a teenager who considers BitCoin a dead currency. He calls the coin too fragmented with many examples of infighting that is not going to last long. His predictions of Litecoin destiny are also not optimistic. He also calls the coin dead and compares it with the sun that is going down. He tells that it takes only 8 minutes to get dark, while LTC experiences its pre-last 7th minute.

However, his viewpoint of the coins developed as projects are more positive. He considers Ethereum, Zcash and BitCoin Cash cryptos with more promising future.

One more negative comment of the young millionaire was devoted to wealthy representatives of Wall Street. He considers himself a better crypto player who understands how everything works in the crypto industry better than all of them.

If to analyze current price indexes, now BTC’s price is $3,611 and it has experienced a 36% decrease within only one month. LTD has also revived a bit recently after its 30% loss during the last month.

Other interesting facts connected with Finman’s life include a visit to Mexico for stashing away the hardware that was storing all the keys to his cryptocurrency wallets. Another interesting fact is his desire to buy Lamborghini with the attached plate that would show his high-school average grade of 2.1.

Leave a Comment