• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Dubai to Launch Blockchain-Powered Automobile Tracking Service
Nexo

Teenage Bitcoin Millionaire Plans on Building ‘World’s Best University’ in Dubai

Jeff Francis by Jeff Francis
4 years ago
in News, Bitcoin, Bitcoin Businesses, Bitcoin Education, News teaser
0

Erik Finman, the teenage Bitcoin millionaire, plans on creating the ‘world’s best university’ in the city of Dubai to combat outmoded teaching methods.


Most of the time when a person decides to head down the path less traveled, it usually ends in disaster. Yet there are times when a person perseveres and then prospers. Such is the case of Erik Finman, the teenage Bitcoin millionaire. He’s only 19, but he’s parlayed his initial Bitcoin investment into millions of dollars. Now he plans on building the “world’s best university” in the city of Dubai.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Grandma’s Gift Leads to Millions

The tale of the teenage Bitcoin millionaire is fascinating. Back when he was 12 (in 2011), his grandmother gave him a gift of $1,000. His brother Scott gave him a tip about getting into Bitcoin. Back then, a single Bitcoin was only worth $12, so he bought as much as he could and then decided to hodl them.

However, the story gets a lot more interesting. Erik Finman had a terrible time going through the school system. He was bored and unmotivated. He says one teacher even told him that he would never amount to anything, so he should just drop out of school and start flipping burgers at McDonalds.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Finman’s parents decided to pull him out of school, which is what he wanted, and began homeschooling him. In 2013, he cashed out some of his bitcoins to start an online education company called Botangle. This venture was designed for frustrated students like himself to find good teachers over video chat. He then began to intern at Silicon Valley start-ups and moved to San Francisco at age 15.

A Family Affair

Finman now owns 401 bitcoins, which is worth $4.9 million currently. He wants to use some of his Bitcoin wealth to create a new university in Dubai, and his whole family is involved in the project. His family already runs online teaching training in Dubai, using technology he developed through his Botangle project. Looking at his family, you could see why homeschooling was a really good choice. His father has a PhD in electrical engineering from Stanford, and his mom has a PhD in physics from Stanford. His brothers went to MIT.

There will be lots of ups and downs for cryptocurrency on the way to the top!

It’s success is inevitable!

It’s unstoppable.

— Erik Finman (@erikfinman) December 22, 2017


As for Dubai, Erik Finman chose it because:

Dubai has really become the centre of the world. It already has the tallest building, it already has the biggest malls – I think it deserves to have the best education system in the world too, and I know that fits a lot of [the UAE’s] goals.

Finman personally believes that college is often a waste of time due to outmoded methods of education, which is why his university will feature a system that helps students like himself that are continually frustrated.

As for Bitcoin, Finman has no concerns about the cryptocurrency’s price fluctuations. He adds:

But I think Bitcoin definitely has more to go, and I think cryptocurrency as a whole has a lot more to go. It’s the next big thing. The only way you can take down by Bitcoin is not through its own doing, but if you make some better alternative to it. Whatever the winning cryptocurrency is – and right now that’s Bitcoin – will get to millions of dollars of coin.

It’s quite possible that Erik Finman and his family could achieve something spectacular. They’re obviously a very driven family. So far, the teenage Bitcoin millionaire has been doing everything right. Finman primarily holds bitcoins, but he also has some investments in Ethereum and Litecoin.

Do you think Erik Finman will succeed in creating an innovative university that breaks the current mold? Don’t you wish you had invested in Bitcoin when it was only $12 per coin? Let us know your thoughts in the comments below.


Images courtesy of Facebook/Erik Finman, Twitter/@erikfinman, and Pixabay.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jeff Francis

Jeff Francis

Related Posts

Bitpanda

Bitpanda Sacks A Third Of Staff As Crypto Trading Platform Scales Down

12 hours ago
Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

1 day ago
Oslo Freedom Forum, Roya Mahboob screenshot

3 Lessons From The Oslo Freedom Forum: Carter, Mahboob, and Volkov on Bitcoin

1 day ago
Crypto

Crypto ATMs To Be Installed At Top Hispanic Grocery Chain In 3 U.S. States

1 day ago
quantum computers

Quantum Computers Rise From Australian Lab – A Threat To Cryptocurrency?

1 day ago
bitcoin

Canadian Purpose Bitcoin ETF Suffers Massive Outflows, But Others Are Picking Up The Slack

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.