Mille Lees Mille Lees, Friday 14th June 2019, 1:50 PM GMT+0000
Erik Finman future of bitcoin

Millionaire Teen Surpassing Crypto Expectations

BitcoinBets, one of the original cryptocurrency exchanges, made Erik Finman a millionaire before he was nineteen. Now, at the age of twenty years old, this young man has plans to make cryptocurrency available for the average individual. It was only last month that Finman launched CoinBits, a web-based service that immediately rounds up all credit and debit card purchases to the nearest dollar, which is then invested into bitcoin on the client’s behalf. This is the same model that’s maintained by banking institutions worldwide.

The twenty years, in an interview with online magazine Market Watch, said, “The goal of the application is to make cryptocurrency not just more accessible…but to make crypto’s and blockchain technology tangible and more tactile. I think a million users within a year are realistic.”

Finman will be promoting his new bitcoin services through social media advertising. Already, this young man has invested one hundred thousand dollars of his own money in creating the new CoinBits platform. From all accounts, this 20-year old doesn’t seem worried about the way the market is moving & by the rapid appearances of new cryptocurrency exchanges.

Just as with Coinbase, the CoinBits platform will provide commission free-trading. This allows for bitcoin to be more accessible to average individuals. Anybody wanting to test out Bitcoin, this CoinBits service offers one-time investments on registered accounts. This specialised account will have zero-commissions and low-risk profiles. Erik continued his comments during the interview by saying, “I think so many people have attempted to make bitcoin simple, but I don’t feel like anyone has fully achieved that yet.”

The Future of Bitcoin

Bitcoins have soared dramatically this year, with it already by up by 126% for the year. The cryptocurrency is beating out all other significant financial trading instruments including the Dow, S&P 500, Nasdaq Composite Invest, Gold, Silver and all other metals. The Dow is only up by 11.4% this year. The S&P 600 is up by 15%. The NASDAQ is up by 17%, and Gold is up by 45%. This is surprising considering that last year; all these financial trading instruments were surpassing Bitcoin.

Many banking institutions, social media giants like Facebook and world governments entering into the Bitcoin space within the last eighteen months has allowed for this dramatic growth. This volatile price has caused for traditional investors to struggle to view BTC as a conventional currency. However, modern-day traders have adopted BTC. As such, Blockchain and cryptocurrency will continuously grow as the modern world moves forward.

Erik Finman has become the champion of crypto for the youth. He has assisted in significant developments with the future of Bitcoin, helping JPMorgan create their cryptocurrency. His new goals to increase the worldwide value of Bitcoin through average individuals will likely succeed.

He ended off his statements by saying, “A huge factor preventing bitcoin from going into a bull run is its difficulty in buying. It’s not uncommon to hear about someone going to an exchange and never completing the transaction after experiencing just some of the necessary steps.”

Mille Lees

Author: Mille Lees

Millie has been with whichbroker.com since the start. She has a passion writing financial news after an internship at Bloomberg London. Millie's background in journalism and politics means she has an eye for a good story. Millie graduated from LSE and has a masters from Durham University England. Mille Lees can be contacted at [email protected],

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