We have all heard the unending tales of how Bitcoin and other cryptocurrencies have allowed helped people accumulate wealth astronomically. It will interest you to know that they all have something in common, which subsequently made them super-rich.
And as proof, here are five people who became wealthy as a result of clever investments in the digital assets market.
Bright Enabulele
Also known as Nana Obudazie Oduwa I, he participated in crypto when people were never involved. In 2012, he had a strong conviction that digital currencies were here to stay, owing to the fact that they were the only payment option to do business that weren’t on the central systems. Having purchased Bitcoin (BTC) for $5 per unit, he hit the jackpot when the digital asset soared as high as $19,000 (USD) per unit.
With his big break, Nana became more convinced that crypto is a global equalizer. Hence, he founded Oduwacoin, the first pan-African cryptocurrency.
Erik Finman
Erik Finman did not grow up in the conventional way of a college-bound American teenager. At the age of 12, Finman negotiated with his parents in May 2011 to be allowed to forgo college in order to pursue an unconventional education, provided he could make money investing.
He bought 100 bitcoins with some money saved up, some money from his grandma, and some money from his own pocket.
Finman made the decision to reinvest the bitcoins and sell high and low in accordance with the market in the upcoming years which he began selling when the price of Bitcoin reached about $1,200.
He later invested it in his first business, which cost him about $100,000.
After spending the effort to learn how to code, Finman started an online education business called Botangle with $100,000 at the beginning of 2014.
He created his own platform to support disgruntled children like himself who cannot find better teachers in the educational system in which they are enrolled as a result of his experiences in school.
He is currently engaged in a NASA effort to send a small satellite into orbit carrying recordings of everyday people, influential technologists, and famous artists.
Kane Ellis
When Kane Ellis discovered how to mine cryptocurrencies in 2011, he was an 18-year-old high school dropout working in IT.
The Australian teenager installed mining software on his computer, effectively employing computers to verify and process transactions for the blockchain. By doing this, he contributed in a little way to the development of the cryptocurrency network. He claimed that when he first began, he only made roughly four Bitcoins a day, which were then valued at $8.
Ellis, who is now 29 years old, co-founded CarSwap, an online marketplace for buying and selling cars. Additionally, he keeps the majority of his funds in cryptocurrencies.
Glauber Contessoto
Dogecoin’s price in February 2021 was roughly $0.045. Contessoto made the decision to go all in after reading about the meme coin on Reddit in the beginning of 2020. He maxed out his credit cards and apparently put $250,000 of his life savings into Dogecoin.
Contessoto was off to a wonderful start while his friends and relatives questioned whether he had gone insane. Two months after making the first investment, he had more than $1 million in his possession.
Peter Saddington
When Peter Saddington of Atlanta first learned about Bitcoin in 2011, he purchased several for under $3 each. The return on those initial deposits was almost 250% when the price of Bitcoin reached over $7,500. “I’ve never seen anything like this,” said 35-year-old entrepreneur Saddington, who also holds a computer science bachelor’s degree and three master’s degrees. “The fact that the programming is based on math has strengthened my conviction that this is worthwhile investing in. It can’t switch off.
