Back in 2011, it all started out with a gift from grandma and a tip from his brother, Scott. This twelve-year-old had more brains than me and I AM OFFENDED. I’m writing this piece with a heavy heart because boy oh boy, I have a severe case of existential dread. After investing in Bitcoin, Erik Finman made a bt with his parents that if he turns into a millionaire by the time he turns eighteen then he won’t force him to go to college. I mean, not only is he a millionaire but he also doesn’t have to go to college??! Gotta ask him to be my sugar daddy, Jr.
Thanks to his savvy investments to bitcoin, he doesn’t have to rack his brain for a degree. He currently owns, brace yourselves guys, 403 bitcoins, which at current is $6616 a coin puts his bitcoin value at $2.6 million. It doesn’t stop here because he has investments in other cryptocurrencies, including Litecoin and Ethereum.
This “Elon Musk version of the Kardashians” grew up in a small town, Idaho outside of Coeur d’Alene, he didn’t have an easy life. The hate for education systems stems from low-quality education and demotivating teachers. He was ridiculed by a teacher saying that he should ‘drop out and work at McDonald’s because he will never amount to anything else.” Well… he did get the dropout part right.
This kid was living the Steve Jobs’ life. After dropping out he moved to Silicon Valley and met cool people like the owner of Reddit. Not only this but he launched an online education company in 2014 called Botangle that would allow frustrated students to find teachers over a video chat. It was a hard life for this 15-year-old entrepreneur as he wasn’t taken seriously. Even an Uber executive dismissed his plans for Botangle because it seemed that he was way in over his heels when it came to Bitcoin. After much efforts, he found a buyer for Botangle and sold them off for a lower price as the Bitcoin was fluctuating.
The rest of the family cannot be taken lightly either, his parents met while they were pursuing Ph.D. while his brother Scott has enterprise software company and his other brother is pursuing Ph.D. at MIT. I guess it runs in the family – while Erik stays happy learning about it from the real-world experiences.
He is still only 19 and ranks 7th in the 19-year-old entrepreneur list, who knows what mighty wave this kid will cause later that will make me question my ability. I mean it sureee, he does inspire me to go out and buy bitcoins but my pocket can no longer afford that either!! If this isn’t a good case of luck and brains then I don’t know what is.