Bitcoin: Making More Millionaires Than Ever


Bitcoin: Making More Millionaires Than Ever:-


The Financial situation of the world is changing. Nearly 40 percent of people between the age group of 22 and 35 have at least $1,000 in their bank accounts. That might not sound like a huge amount, but if we talk about 19-year-old bitcoin millionaire Erik Finman , its more than enough to invest in Bitcoins.



Right At the age of 12, Finman got a $1,000 gift from his grandmother and right at that point of time,he used the same money in buying his first Bitcoin .Guess what ?  By the time he turns 18, he was a millionaire! As of now, there are almost 401 bitcoins currently in his kitty, which equals approx, $3.4 million at a rate of $8,512 a coin. Bitcoin has helped and supported lots of such stories across the globe with the kind of opportune it provides to people.

As per Finman, Bitcoin is currently your best bet. While he also admits that there may be some other Cryptocurrency that would take its place after sometime, this is not going to happen any sooner as well."Putting money into bitcoin right now is good," he says. "That may change because there may be a better solution. But I think that better solution will be very obvious and will be a long time coming so you can make that switch."

Financial advisers across the globe are now suggesting that investing in crypto currency currently is one of the fastest ways for teenagers to attain wealth. As per them, Cryptocurrency represents the biggest transfers of wealth, the current generation has ever witnessed. As a result, Never ever before in history, Young people have been able to transform economic classes so quickly.

It must be noted that Created in 2008, bitcoin is a payment system that enables to transact, send and receive money with anonymity irrespective of your Geographical location. There are no banking Institutions involved neither there are any middlemen. Also, the Transactions get recorded on a digital ledger named as a blockchain, which further stores the related information with full security and transparency.

Bottom-line:-


We all know that while Bitcoin is helping people worldwide to become rich in no time whatsoever ,its volatility needs to be closely monitored and managed. There are people who invest their hard earned money without any prior knowledge of the concept and the mechanism. Also, there are many people around who are making a misuse of the Bitcoin Investment just to promote their Money laundering and Corruptive acts. Therefore, it must be the responsibility of the Government authorities and financial institutions to take appropriate measures to track down such illegal activities and also make general people aware about the same so as the whole world would get the long term benefits of this ‘Booming Cryptocurrency”.
Bitcoin: Making More Millionaires Than Ever Bitcoin: Making More Millionaires Than Ever Reviewed by Pravesh Maurya on April 05, 2018 Rating: 5

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