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Erik Finman made his first million in Bitcoin thanks to a $ 1,000 gift from his grandmother at the age of 12. He ended up leaving high school, worked on the game of cryptocurrency and started his online tutoring company – which sold for 300 bitcoins (worth about $ 60,000 at the time).
Erik bought his first bitcoin when it only cost $ 10. Just a few years later, he hit about $ 1,100. Finman sold $ 100,000 of bitcoins when the currency was rising and at the age of 15.
He told marketwatch.com:
"Bitcoin is dead, it's too fragmented, there are tons of infighting, I do not think it will last," Finman told MarketWatch. "There might be a bull market or two left, but in the long run, he's dead." This is a hot take coming from a guy who bought bitcoins in 2011, turning $ 1,000 into more than $ 4 million.
Finman continued to share his "wisdom" on Twitter, saying:
"I'm confident about Crypto-currency, it will last FOREVER As much as I like Bcash's technology, they can not make it, they're failures, I'm such a waste Bitcoin will go through more shots, but in the long run he's dead.
This is not a bit like on Wall Street Paul Krugman saying "bItCoIn Is DeAd" I say it as someone who has been bullish on Bitcoin forever, got FILTHY rich in Bitcoin, and knows that Bitcoin will go through other tracks. So you're a loser, if you think I'm just a hater like Dimon.
But all right, be stupid. Misunderstand me, the next time Bitcoin gets into another race and I'm making more money. Feel free to pull up this article (which I completely answered) that I said that Bitcoin is dead. When you're actually just sharing my accurate prediction. "
Another cryptocurrency that Finman said to be leaving is Litecoin, the cryptocurrency created by Charlie Lee.
"Litecoin has died a while", he said. "It's like when the sun is setting and it's that eight-minute period before it goes dark." Litecoin is in his seventh minute. "
And it is difficult to argue, the cryptocurrency has fallen more than 95% from its peak and its lowest level since May 2017.
He then went on to launch ETH and ZEC, which seems to be the real reason for this article. Finman's ETH and ZEC fellowships became heavy after falling to slim single digits (from the central four digits in the case of Ether), so he used his social media skills to try to mix the pot, producing more titles on the alleged death of bitcoin.
Too bad I have not received the reminder that the mainstream media headlines and assaults on BTC no longer move the needle – just look at what Bloomberg is doing. Mike Dudas of TheBlock noted that Bloomberg published negative bitcoin titles for 303 consecutive days, but this did not prevent the number of crypto users from doubling from 18 to 35 million in the year.
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The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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