HOW 12-YEAR -OLD BOY BECAME MILLIONAIRE AFTER BEING ONE OF THE FIRST TO INVEST IN BITCOIN..šŸ˜±šŸ˜±

Erik Finman decided to invest in Bitcoin at the age of 12 after striking a deal with his parents in a bid to avoid going 'back to school'

In 2011, instead of wasting away his pocket money, Erik decided to put his money where his mouth was after striking a deal with his parents that he'd prove he could make his fortune outside of traditional education in return for being able to skip out studying a college degree.

But how would Erik build such wealth? Well, luckily for the 12-year-old, Bitcoin had just been launched in 2009 and data became available the following year, so after receiving $1,245 from his grandmother, Erik decided to invest in the cryptocurrency

At the time Erik invested, trading was at around $12 - and this gave him about 103 BTC.

surely most kids at that age would have likely been lost at how he managed to invest this money on a new emerging online currency phenomenon, it certainly paid off

In December 2017 - when Erik was just 18 - Bitcoin reached a high of around $20,000 and his initial $1,245 investment increased to a staggering $2.07 million...

Reflecting on his decision that paid off massively, as an adult Erik said ā€˜people didnā€™t really get what I was trying to doā€™.

He told the Business of Business: "I really didn't like high school. People didn't really get what I was trying to do, get what I was searching for or what I was dreaming of

I dropped out of high school and made a bet with my parents: if I make a million dollars by the time Iā€™m 18, I donā€™t have to go back to school or go to college."

And Erik didn't just stop after making his first million either, building the amount of Bitcoins he had to 341 - with an estimated worth of more than $4.8 million by mid 2020.

However, Erik, now 25, hasnā€™t been too happy about his claim to fame and insisted he is 'desperate to get out of crypto' and was 'sick of being the Bitcoin person' so he's recently been putting his finances into aircraft which he said has made 'good money'.