The rags-to-riches stories about Bitcoin investors are a regular theme with the rise in the worth of Bitcoin within the last six months.
The newest is Erik Finman, who invested ₦152,000 ($1,000) in Bitcoin in 2011 when it had valued at ₦1,824 ($12). His parents made an agreement with him when he were a millionaire by 18, he wouldn't have to go to college. A young child of two Stanford Ph.D. holders, Finman was prepared to take the bet.
He now holds 403 Bitcoins, which, at the current valuation of ₦972K ($2,700), represent ₦392.4 Mln ($1.09 mln). He also manages investments for the others of his family, who've begun considering Bitcoin being an investment vehicle.
At one time, an investor offered him either 300 Bitcoins or ₦159 Mln ($100,000.) During the time, Bitcoin was worth ₦30,400 ($200). He took the coins over the bucks, much to the chagrin of his parents.
Will he go back to college? "I never got my GED, and I don't see the worth in it," Finman said. "The objective of that is always to get another education level and get yourself a job. I'd to understand through managing a business. Rather than writing essays for English class, I'd to publish emails to important people.”