In the past couple of years we have been hearing quite a lot on how blockchain and cryptocurrencies are a reality and are here to stay. While crypto enthusiasts around the globe ardently believe that Bitcoin is the future, the teen crypto star, Erik Finman begs to differ.
Finman, earned the title of the teenage Bitcoin millionaire owing to his rather unorthodox decision to not follow the traditional path of college-bound students. And in the pursuit of meeting the deal that he struck with his parents, which was to turn 1,000 USD into one million USD. This lead him to purchasing about $1,000 worth of Bitcoin when the fledgling currency was at just $12 per coin, and other digital currencies aswell including Ether, Ethereum’s native token. Needless to say he succeeded big time.
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Finman, in an interview with financial news site MarketWatch on Dec. 17, very blatantly expressed his views on the future of Bitcoin, which he thinks is pretty much dead in the long term. He believes that it may have a bull market or two left in it, but that’s about it for Satoshi’s Bitcoin.
Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last.
Its not just Bitcoin’s future that Finman thinks grim and non-existent, in fact, he shared his rather grim prediction for Litecoin (LTC) as well, the altcoin founded by Charlie Lee.
Litecoin has been dead for a while. It’s like when the sun is going down and there’s that eight-minute period just before it goes dark. Litecoin is in its seventh minute.
While the Bitcoin fanatic in you might want to cast Finman’s opinion right in the trash, no matter how cool he is, you might want to stop and hear the rest of what he had to say. Finman might come off as someone who is against the future of currencies, but that isn’t entirely true.
In fact, he shared pretty optimistic views on the more “project-based” coins, such as Ethereum (ETH) and Zcash (ZEC), which is heavy on the whole anonymity thing. Finman even reserved some of his positive comments for Bitcoin cash (BCH), despite its recent and controversial hard fork. This cements Finman’s position, affirming his belief and faith in the coin’s technology.
While Finman, was sharing his views on all things crypto, he didn’t hesitate to rope in “the hooks and the lobbyists” of Wall Street. He reportedly railed against them labeling them as nerds.
I’m better at this kind of stuff than those millionaires. They don’t know how to work the system, they’re nerds. I’m more than that.
Finman might come off as an arrogant teenager, but we can’t deny his place in the world of cryptocurrencies, for all we know, he might actually be on to something. Only time will tell but as of now, Bitcoin is trading at $3,611— up 10 percent on the day but down more than 36 percent on the month. Litecoin is up over 16 percent on the day to trade at $30 but has shed over 30 percent in value on its monthly chart.
For more updates, stay tuned to BlockPublisher.
