Erik Finman Net Worth: Erik Finman is an American entrepreneur and investor. He is best known as the early Bitcoin investor. As of 2022, he has an estimated net worth of $15 million. He became the youngest bitcoin millionaire at the age of 18, who bought bitcoin at the age of 12. He is the founder and CEO of Botangle, an online educational platform, later acquired in 2017. Finman is the manager at Metal Play, a cryptocurrency exchange.
Erik Finman’s Early Life & Education
Erik Finman Net Worth: Erik Finman was born on October 26, 1998, in Post Falls, Idaho, U.S. He was born to Paul and Lorna. He has two siblings Scott and Ross. He grew up in Post Falls, and he is a high school dropout. As he found his high school boring, he did homeschooling. He was introduced to Bitcoin by his brother. And he invested $1000, which he had saved after receiving it from his grandmother.
In 2011, he bought 100 bitcoin at the price of $12. At that time he was 12 years old. At the age of 15, he started selling coins, which reach the price of $1200. He sold $100,000 worth of bitcoin, to launch a start-up. And he also enters a raffle costing $8,500. To meet his inspiration Alexis Ohanian, the co-founder of Reddit.
Erik Finman Career
Erik Finman Net Worth: Erik Finman after selling some bitcoin, in 2014 launched Botangle, an online educational company. He was inspired by the negative experiences of his school. Where one of the teachers also called him to drop out and start working at Mcdonalds’. Utilizing his funds he loved silicon valley, and at the age of 18, he became the world’s youngest bitcoin millionaire, as the bitcoin price sky-rocketed. He started working for a company called Teraviks Robotics as a managing director.
In 2014, he did a sales and marketing internship for three months in Sprayable Energy. In 2015, he joined SmartUp and worked there as Global Communities Manager Internship. Finman was financed by NASA to work on projects to launch a satellite time capsule into space, which was launched in December 2018. Singer Taylor Swift and Youtuber Logan Paul also contributed a video for the time capsule.
From 2016 to 2019, he worked as a Marketing Director at STEM Revolution Education. And in January 2019 he joined CoinBits and worked there until July 2019. At the end of 2019, he joined as a manager at Metal Play, a platform to buy, sell, and trade cryptocurrency. Which says he is the competitor to Facebook’s upcoming Libra Cryptocurrency.
Erik Finman Net Worth
Erik Finman Net Worth: 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!
Erik Finman Make Money
Erik Finman Net Worth: These are the major sources of income through which he has accumulated a net worth of $15 million:
- Earnings as a Bitcoin investor
- Earnings as an investor
- Earnings as an entrepreneur
Erik Finman Famous Quotes
“I say if you do not become a millionaire in the next 10 years, then it’s your fault.” – Erik Finman
“I created this side project to kind of save Erik Finman, its mission is to replace the public education system because of my terrible experiences in it.” – Erik Finman
Erik Finman Biography
| Real name | Erik Finman |
| Nickname | Erik |
| Professional Name | Erik Finman |
| Birth date/ Birthday/ Date of Birth/ Born | October 26, 1998 |
| Birthplace | Post Falls, Idaho |
| Age | 23 Years Old |
| Nationality | American |
| Horoscope | Scorpio |
| Marital Status | Not Married |
| Girlfriend | Liana |
| Ethnicity | White |
| Education/ College | Drop out |
| Net Worth/ Salary/ Income | $15 million |
| Occupation | Entrepreneur, Investor |
Erik Finman — The Bitcoin Millionaire Teenager
Bitcoin Millionaire Teenager: 22-year-old Finman is making major developments in the cryptocurrency industry. Growing up in Post Falls, outside of Coeur d’Alene, Idaho, Finman is the youngest of three siblings. According to Business Insider, Finman first recognized 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.
Bitcoin Millionaire Teenager: 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.”
Finman Plans to Launch a Startup
Bitcoin Millionaire Teenager: Finman’s plans have indeed led him to pursue education outside of the traditional college realm. He will focus on establishing a startup that makes use of cryptocurrencies and which is intended to participate in the development of a satellite for NASA, according to a profile in Crypto Coins News.
His mother Lorna explains that “Erik took a very unique path that suited him and he turned out better for it…it’s so important that everyone find the right educational system that matches their learning style. For some, that’s traditional school and college. For others, it’s not.”
Finman Hesitant on Ethereum
Bitcoin Millionaire Teenager: While Finman’s success with Bitcoin does not necessarily qualify him as an expert investor, he can rightfully claim to have been in the crypto game longer than nearly anyone else. His portfolio of cryptocurrencies is diverse and includes Ether. While Etherem’s market cap seemed to be closing in on the market cap of Bitcoin, reaching a height of $36 billion just weeks ago, it declined by about half to roughly $18 billion following a major market correction.
Finman has explained his skepticism on Ethereum’s prospects, believing that there is money to be made in the short-term but that the ICO market has been underwhelming, producing few viable products. He suggests that “I go short on Ethereum…the hardcore Bitcoin veterans call it Ponzi-coin.”
Erik Finman Net Worth: The teenage millionaire is not the only investor to show signs of hesitation when it comes to Ethereum. Pieter Levels, founder of Nomad List, recently joined in expressing concerns about the ICO market. With a huge amount of money having been dumped into the startup efforts of ICO companies, few if any successful products have yet to emerge. He even went so far as to compare it to a “pump and dump scam.”
Erik Finman Bitcoin Success Stories
Bitcoin Millionaire Teenager: Eric Feynman, nicknamed “Bitcoin Teenage Millionaire”, made a deal with his parents when he was just 12 years old to let him drop out of school to pursue a non-traditional education, provided he could make money from investing. He had to convert the $1,000 his grandmother gave him into $1 million. Erik decided to invest the entire amount in Bitcoin and several other cryptocurrencies when the price of each coin was only $12. When Bitcoin was worth $1,200 per coin two years later, that option started to pay off.
Erik Finman Net Worth: Erik made a minor investment and built an online education startup named Botangle after selling a small part of his cryptocurrency holdings. Investors soon became interested in the platform, which provides video tutoring services, and they offered the 15-year-old the option of selling the company for either $100,000 or 300 BTC. Guess what? He chose to get paid with BTC. Finman achieved his objective and turned 18 while Bitcoin’s value crossed $2,700 in June 2017.
Bitcoin Millionaire Teenager Erik Finman Dishes Investment Tips
Bitcoin Millionaire Teenager: Teen bitcoin millionaire Erik Finman says Millennials who are curious about investing in cryptocurrencies could dip their toe in the crypto pond by investing $1,000. After all, that strategy transformed the 19-year-old high school dropout into a millionaire. Many people are understandably leery of cryptocurrencies because of the erratic price movements of bitcoin and other digital coins. Moreover, they’re unregulated and are not backed by a central government or bank, adding to their murky reputation as an investment vehicle.
But Finman thinks bitcoin is the wave of the future, and for now, he believes it’s the safest virtual currency to invest in. “I think bitcoin is the safest cryptocurrency right now,” he told CNBC. Of course, Finman is biased: The teen crypto phenom used $1,000 his grandmother gave him when he was 12 years old to buy his first bitcoin when the little-known virtual currency was just $12 a token. By age 18, Finman had become a millionaire.
Erik Finman Experience
1. Managing Partner
Finman Crypto-Currency Investment Fund
Jan 2011 – Present12 years 2 months
United States – Managed multiple crypto assets. Growing overall fund size to the tune of millions from completely nothing.
2. Metal Pay Graphic
Investor in Metal Pay – 2019 – Mar 20212 years
California, United States
- Coordinated with employees to create marketing strategies
- Interviewed, hired, and managed people and contractors
- Created relationships with brand ambassadors and social media influencers
- Earned coverage in traditional and online media outlets
- Pushed public relations campaigns to promote new products and initiatives
- Used data and marketing analytics to guide all levels of public outreach
3. CoinBits Graphic
Investor in CoinBits – Jan 2019 – Jul 20197 months
• Secured many press publications for this side project
• Setup influencer marketing campaigns that provided huge user growth numbers
4. STEM Revolution Education Graphic
Board Member of STEM Revolution Education – Feb 2016 – Jul 20193 years 6 months
Boise, Idaho, United States
- Managed all associated social media pages and accounts
- Organized in-person marketing campaigns using traditional and viral tactics
- Secured thousands of unique and recurring customers
5. Botangle Graphic
Chief Executive Officer in Botangle – 2013 – 20174 years
• Acquired
• Got tens of thousands of users to this side project
• Secured many incredible press spots – some getting millions of views each
6. SmartUp Graphic
Global Communities Manager in SmartUp – Oct 2015 – Feb 20165 months
London, England
- Coordinated community outreach initiatives
- Acquired unique media coverage for various programs
- Managed brand-affiliated social media accounts and pages
- Used data and analytics to drive successful marketing campaigns
7. Sprayable Energy Graphic
Sales And Marketing of Sprayable Energy – Jun 2014 – Aug 20143 months
Palo Alto
- Used social media marketing campaigns to achieve fundraising goals
- Implemented changes based on feedback from focus groups and surveys
- Built internal processes to ensure adherence to public relations initiatives
Honors & Awards
100K+ Followers Across all Platforms
• Achieved measurable growth across all social media platforms
• Built communities centered around products and ideas
• Earned a loyal following that is eager to participate in new initiatives
6 Million+ Views on Buzzfeed News
• Created a unique story to create viral video moments
• Reached trending status across video platforms with minimal effort
Gave a TED Talk
Hit 50 Million Impressions per Month on Twitter – One of Time Magazine’s Most Influential Teens
• Used traditional and nontraditional marketing tactics to achieve organic social media impressions
• Garnered media attention, created numerous viral moments
• Led community initiatives to promote and engage with inspiring stories
Bitcoin Millionaire Teenager is back with a better Botangle
Bitcoin Millionaire Teenager: Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Hailing from the small town of Post Falls, Idaho, Finman, the son of two Stanford-educated engineers whose small business sells big technology to the Defense Department, was a kid who never took to public education.
Erik Finman Net Worth: Unlike his brothers, Ross and Scott, the youngest Finman didn’t respond to his parent’s curriculum of home-schooling and entrepreneurship and decided that public education would be his way out into the wider world beyond the outskirts of a Coeur d’Alene exurb. Unfortunately, the public school system proved to be equally as ineffective as home-schooling for the young Finman, and at the tender age of 15, he had already turned on to bitcoin, tuned in to its wealth-creating allure, and essentially dropped out.
Erik Finman Net Worth: He began making the tech-media speaking circuit discussing his rise to fame (and some fortune) through his bitcoin investments and his startup ideas. Botangle, the first startup Finman launched, had as many as 20 developers around the world working on it, and is what provided his entrée into the semi-rarified world of hucksters, hipsters, self-promoters, writers, entrepreneurs, inventors, and the internet-famous that comprise the TED-talk-circus-circuit.
Check Also: The U.S. Government Wants to Cut Off Crypto Access to Banks
Frequently Asked Questions (FAQs)
What are some facts about Erik Finman?
Erik Finman is the youngest bitcoin millionaire, as well as a successful entrepreneur and investor featured in Forbes, CNBC, VentureBeat, CoinTelegraph, and many more. At 12 years old Erik made his first crypto investment.
How old is the youngest crypto billionaire?
30-year-old crypto billionaire Sam Bankman-Fried reveals how he made his billions.
Who made the most money off of bitcoin?
US-based software company MicroStrategy (MSTR) was the world’s biggest publicly traded corporate owner of bitcoin. MicroStrategy said in its third-quarter 2022 earnings results that it had acquired 301 bitcoins during the quarter to take its total holdings to BTC130,000, worth about $2.62bn on 3 November 2022.
Who are the millionaires of Bitcoin?
The three richest on the list–Changpeng Zhao, Sam Bankman-Fried, and Brian Armstrong–all helm cryptocurrency exchanges.
