Stories of Smart and risk taking individuals who made it big abound the IT world. Bill Gates, Mark Zuckerberg, Steve Jobs and many individuals took great but calculated risks giving up College or University or High Paying Job opportunities to pursue risky but challenging opportunities in the IT Industry. Such stories, though somewhat less common also exist outside of the magic world of Computers and Computing.
A new wave is now sweeping the world of late. This is the intriguing yet fascinating world of Cryptocurrency. Ever since Satoshi Nakamoto, the elusive genius, launched the Bitcoin in 2009, a new cyber entity variously described with terms like blockchain, altcoins, mining etc has come into existence, once again providing the smart risk taking individuals to make it big in small time.
One such individual is Erik Finman, who invested $1,000 in Bitcoin in 2011 when a single Bitcoin was valued at $12. His decision, at that stage, had bewildered his parents to say the least. However, to their credit, his parents, themselves both Stanford Ph.D. holders, backed him in this decision. Thinking that he would eventually give up on this newly developed hobby of his, the hardcore academics even took a step further. They made an agreement with him that if he were to become a millionaire by the age of 18, Eric would not be required to attend college.
Eric agreed. The rest is history by now. Eric now holds 403 Bitcoins, which, at their current valuation of $2,700 per bit coin equate to more than a million US$ which was his target set in the agreement with his parents. Eric now also takes care of investments for the rest of his family, who have themselves started looking into Bitcoin as an investment vehicle.
Mulling over his success, Eric still remembers the day when an investor offered him either 300 Bitcoins or $100,000. At this stage, a single Bitcoin was worth just $200. Needless to say Eric preferred the Bitcoins to the fiat money. Today he can safely pat his own back for his smart choice. When asked if he would like to get into college and further his education, Eric said “I never got my GED, and I don’t see the value in it,”, adding, “The purpose of that would be to get another education level and get a job. I had to learn through running a business. Instead of writing essays for English class, I had to write emails to important people.”
Work smart not hard is the new adage and what better example of this than the young man called Erik Finman.
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