A 4-year-old girl reportedly made over 6,500% profit on a Bitcoin (BTC) gift you received on the day of your birth.
Joรฃo Canhada, the founder of Foxbit, a Brazilian cryptocurrency exchange, gifted 1 BTC to his newborn daughter, with an approximate value of $ 915.80. Sharing details about the event, Canhada said:
โAs soon as my daughter was born, in 2017, I bought her 1 Bitcoin, not just as a gift, but as a way to invest in this new economy. At that time, BTC cost 5,000 Brazilian reais. "
Four years later, the only investment in BTC has yielded gains of more than 6,500% for the boy as the price of Bitcoin rises back to the $ 60,000 mark. The year 2017 was the last chance for investors to buy Bitcoin for less than $ 1000, a fact that Canhada was unaware of at the time.
Related: British Tween makes nearly $ 400K in NFT sales without a bank account
Last month, a 12-year-old from London reportedly made nearly $ 400,000 during school holidays by selling a series of non-fungible tokens (NFTs).
According to a Cointelegraph report on this matter, London-based Benyamin Ahmed created and tokenized Weird Whales, a collection of digital images of whale emojis that were later sold in NFT form.
While Ahmed was ineligible to open a bank account due to age restrictions, his father clarified that the reported earnings made through NFT sales have been converted to Ether (ETH).
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