We’ve all heard stories about the rich getting richer through Bitcoin and other cryptocurrencies. In some cases, these cryptocurrency millionaires have even turned into billionaires. That said, reports of normal people finding ways to make big money aren’t very common, but they do exist. And to prove it, we’ve put together five ordinary people who are now millionaires, thanks to nifty investments in the digital asset space.
Glauber Contessoto becomes a cryptocurrency millionaire with the rise of DOGE
Also known as “SlumDoge Millionaire,” Glauber Contessoto’s story of wealth is the kind that draws people to crypto. Contessoto has a humble background. His family moved from Brazil to the USA. As we have also reported as Kriptokoin.com, in an interview with CNBC, he said that he was “really poor” before. Before Contessoto became a millionaire, he worked for a music company. He also dealt with stocks for a short time.
In early 2021, Contessoto heard about DOGE and decided to invest in the meme coin. However, since he had no disposable income to start investing, he sold almost all of his shares and even borrowed (in the form of margin) from the Robinhood app to buy his Dogecoin. Then their prices skyrocketed with tweets from Elon Musk. A little over two months later, Glauber Contessoto was a crypto millionaire.
Erik Finman bought Bitcoin for $10
In 2010, Erik Finman was 11 years old and hated going to school. He had big dreams, but his teacher believed he would never “have anything bigger than this in life.” One day, he accompanied his brother to a protest in Washington DC, where he saw a man wearing a Bitcoin T-shirt. When he asked his brother what it was, his brother said, “He’s going to finish Wall Street.”
Inspired, she decided to use the $1,000 her grandmother gave her in 2011. He invested it all in Bitcoin, which was trading at around $10 at the time. We all know how Bitcoin has risen over the past 10 years and made Finman a crypto millionaire. At the age of 15, he sold $100,000 worth of BTC. He founded an educational platform called Botangle. A few years later, he further expanded his holdings by selling this platform for 300 BTC.
Recognized name in the cryptocurrency space: Rachel Siegel
Today, Rachel Siegel is a well-known personality in the cryptosphere. A Bitcoin millionaire, Siegel is the founder of Crypto Last, a platform working for mass adoption of Blockchain technology. However, things were not always this good. In 2017, he was a teacher living “from salary to salary” in a dark apartment in New York City. However, her life changed after she attended a cryptocurrency conference party. From that moment on, Siegel decided to invest about $25 of his weekly salary in cryptocurrencies. Over time, their assets gained in value. She reached the seven-figure range in February 2022.
Bitcoin millionaire Kane Ellis
Kane Ellis is now a Bitcoin millionaire. But his wealth did not come from investing. Instead, he earned his money through mining. In 2011, Ellis was an 18-year-old “high school dropout” who learned to mine through his IT job. While he was working outside, his computer continued to mine BTC. Initially, he only earned about 4 BTC per day, which was equivalent to about $8 at the time. That was a good passive income, but Ellis estimated how lucrative it could be in the future. This foresight turned out perfectly for him. With BTC earnings, he founded CarSwap, a leading global platform for trading/selling/buying cars. His Maserati bears the “BANKRPT” plate.
Millionaire brothers: Tommy and James
Last year, CNN Business spoke of two brothers from Westchester, New York, who became millionaires overnight. The two brothers, who became millionaires while unemployed, were engaged in wedding photography and filming. But finding a job was difficult with the COVID-19 quarantines in effect. Then, in February 2021, a friend told Tommy and James about the Shiba Inu, a coin that could one day make real money. They thought of the meme coin as a “lottery ticket with no expiration date”. At first, the brothers deposited $200. They bought a ton of SHIB, which was worth a fraction of a cent at the time. A few weeks later, their investment had increased by 300 percent. Encouraged by this growth, they convinced their mothers and sisters to invest as well. They woke up two months later as millionaires.
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