A 1995-born teenager became rich by buying Bitcoin: he entered the market at the age of 12, dropped out of school to start a business at the age of 15, and had a net worth of tens of millions at the age of 18
Disclaimer: This article is intended to convey more market information and does not constitute any investment advice. The article only represents the author's views.
Dropping out of school at the age of 15, becoming the world's youngest Bitcoin millionaire at the age of 18, a serial entrepreneur and Time magazine's most influential teenager in 2014, so many labels that ordinary people can hardly achieve exist on a teenager named Erik Finman who is only 20 years old.
Although Erik Finman has never attended a proper university, he has thrived in society. Looking at his social media accounts, you will find that his speech videos are not as immature as those of his peers, but rather mature, steady, and even a little greasy. In addition, his daily Instagram posts are very exaggerated, showing his frivolity at a young age.
Finman’s Instagram account is full of his own emojis:
And it all started with a bet between Erik Finman and his parents.
01
Invest in Bitcoin to earn your first pot of gold
Because Erik Finman had poor academic performance, a teacher advised him to work at McDonald's. The inexperienced Erik Finman believed the teacher and asked his parents to drop out of school at the age of 15.
But his parents were strongly opposed, so Erik Finman, eager to prove himself, made a bet with his parents: if he could become a millionaire (in US dollars) by the age of 18, he would not be forced to go to college.
Miraculously, Erik Finman succeeded. His wealth can be largely attributed to his investment in Bitcoin. Erik Finman first came into contact with Bitcoin at the age of 12, when his brother took him to the Occupy Wall Street protest. Since then, he has been fascinated by Bitcoin. So he invested $1,000 given by his grandmother in Bitcoin.
At that time, one Bitcoin only cost $12. After that, the price of Bitcoin continued to rise, and by the age of 19, he already had 401 Bitcoins. At that time, the value of one Bitcoin was about $14,000, and Bitcoin alone created a net worth of $5.6 million for Erik.
The teacher who mocked him for working at McDonald's also received an email from Finman, which clearly said "Look at me now, bitch!" He looked very proud. Although it is not clear what kind of injustice he suffered, I think this move is indeed a bit inappropriate, perhaps because of his youthful recklessness?
Of course, in addition to Bitcoin, Finman also invested in Ethereum, which has a market value second only to Bitcoin. Although he invested in Ethereum himself, he reminded others to be cautious when investing in Ethereum ICO when it was the craziest, and said that Ethereum was difficult to value because there were no landing products in the Ethereum ICO market. Finman also believed that the rise and fall of new crypto assets were very easy to manipulate, which can be said to be very prescient.
02
Serial Entrepreneur
During the time Erik Finman invested in crypto assets, he was not idle. At the age of 15, he sold Bitcoin when it was $1,200, with a return on investment of 100 times. Then he used the first pot of money he earned from investing in Bitcoin to start a business. Now it seems that Sun Yuchen's routine of using the income from Bitcoin investment to establish TRON was all left over from his 15-year-old play.
The 15-year-old Finman started an educational startup called Botangle, which is dedicated to online communication and teaching between students and teachers. It is incredible that a student who dropped out of school can start an educational company.
However, in his own article, Erik Finman said: "I love education, but I hate school. I've been to 8 different schools, including public schools, charter schools, home schools, and private schools. Today, children go to school and do homework out of fear and pressure, not because of the love of learning. They stay up all night studying for tests, but forget what they learned a week later. I am changing this situation. Make people of any age use my website to learn as excited as a 5-year-old girl walking into Disney World. This learning site will be as addictive as Facebook, and you can even ask Elon Musk questions there."
However, entrepreneurship is not always smooth sailing, and there are equal parts slander and praise. Erik Finman recalled that he once met with a "very senior" executive at Uber, but the executive was not interested in listening to his introduction to Botangle, but instead told him that he would never win the bet with his parents.
Later, Botangle was acquired by a fellow villager of Finman, who is also a Bitcoin millionaire. However, Finman's ideal of changing the education environment remained because of the heavy psychological trauma he suffered from his childhood schooling. A few years after selling Botangle, he bought the company back. He was determined to make Botangle an open source platform that allows anyone to create their own online school based on their interests.
03
Make crazy dreams come true
In addition to his success in investment and entrepreneurship, Erik Finman also has unique hobbies in his spare time.
At 19, he invented a real-life version of Doctor Octopus’s suit, the Spider-Man comic villain who has long, curved robotic arms like an octopus.
Doctor Octopus in the movies:
The same equipment invented by Erik Finman, 90% similar:
The little boy in the picture above has a similar childhood experience to Erik Finman. He is passionate about robot-related things, but is ridiculed by his teacher at school for not doing his job properly. Erik Finman can relate to this, because Erik Finman himself did not get any help from anyone at the time, so he wanted to help the boy realize his dream of owning a set of Doctor Octopus equipment.
But later Erik Finman admitted that because he was too busy with the formal entrepreneurial project, the further development of Doctor Octopus's equipment was shelved.
After a few "small trial projects", Erik Finman got bigger and bigger. Soon, he began to lead a small team called the Da Vinci Project to participate in NASA's satellite launch project. This satellite carries many crowdfunded movies, games, graphics and other things that Da Vinci Project supporters hope to show in the universe. Finman even asked singer Tylor Swift to contribute a signed album "1989" to his satellite.
On December 17, 2018, the Da Vinci project led by 20-year-old Erik Finman officially announced the launch of the satellite and its smooth operation.
“Our goal is to give people a sense of being able to interact in space, a feeling that only astronauts have had before, and that’s the coolest thing,” Finman said.
04
summary
Erik Finman, 20, had a wonderful experience, and his mother Lorna said: "Erik took a different path and it turned out to be a better fit for him. It's important for everyone to find their own education system. For some people, it's traditional learning, and for others, it's not."
From a troubled teenager who was looked down upon by teachers, laughed at by investors, and even dropped out of school, to growing into the youngest Bitcoin millionaire and an independent founder, Erik Finman's seemingly unorthodox experience actually hides fame and success and a teenager's ambition to change the world.
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