‘The Youngest Bitcoin Millionaire’, according to his Twitter bio, Erik Finman is the man-of-the-moment recently after the announcement of the Freedom Phone. We’re exploring his net worth and just how he made it to his current position.
The crypto-millionaire is only 22-years-old.
Who is the crypto-millionaire?
22-year-old Finman is making major developments in the crypto-currency industry.
Growing up in Post Falls, outside of Coeur d’Alene, Idaho, Finman is the youngest out of three siblings. According to Business Insider, Finman first recognised the significance of Bitcoin at a protest following the 2008 financial crisis.
After delving into his own research surrounding crypto-currency, Finman used $1,000 from his grandmother, intended for his scholarship fund, to purchase around 100 bitcoins. At the time, each coin was worth an estimated $10 to $12.
In true millionaire fashion, Erik Finman dropped out of high school at just age 15 after selling $100,000 worth of bitcoin. He then went on to found an education startup, Botangle.
Just two years after setting up Botangle, Finman sold the company for 300 bitcoins and set off for a new venture. The now-17-year-old moved to Silicon Valley.
Still trading bitcoins, Erik hit millionaire status at just 18-years-old after bitcoin’s value crossed $2,700.
More recently, Finman announced the ‘Freedom Phone‘ – a device completely uncensored, promoting “free speech and privacy first.”
Erik Finman’s net worth explored
According to TechGuide, Erik Finman now finds himself in the top five crypto-millionaires in the world – that’s a big achievement!
Placing a net worth for bitcoin-made-millionaires is slightly more technical, though sources estimate Erik Finman’s net worth is more than $5 million!
That’s quite the net worth for someone in their early twenties.
Finman’s Freedom Phone venture
According to the device’s website, the phone is currently being sold at $499.99 and will be shipped in August.
The new smartphone is set to include features such as tracking blockers and an uncensorable app store. The entire concept of the device is based around ‘free speech’ and privacy, hence the company motto: “create a future where free communication is not banned by Big Tech.”
Read more about the Freedom Phone here.