Kiarash Hossainpour is a 22 year old Bitcoin millionaire. He explains how he got rich and what cryptocurrencies he is investing in today. We have prepared the shares of the young millionaire for the readers of Kriptokoin.com.
How did he get so rich at such a young age?
Kiarash Hossainpour says in an interview that he has always been a ‘little nerd’ about himself. He adds that he had his first computer when he was ten years old. Hossainpour says that when he started playing, his father said, “No, stop playing, learn programming instead.”
Hossainpour explained that his father was a programmer and taught him how to code. “At one point my dad said to me, ‘Look at YouTube, these are two 20-30 year olds who started this site and now they’re billionaires. Why don’t you do something like this?” said.
The young Berliner started programming after school and was introduced to WordPress, software that lets you create websites. At that time Hossainpour was also on the gaming internet forums, knew the gaming environment and its needs. He began creating websites for players from forums for money. It averaged $34 (30 Euros) for a website. People from the gaming world mostly wanted their own website to be able to sell items from games.
“Some of them are doing newspaper rounds, I’ve created WordPress sites,” says Hossainpour. He says at one point he got the idea that he was paid much better for the same service on deep web forums. “In addition to the criminals, a lot of ordinary people from the game scene hang out there,” says the 22-year-old actor. But instead of getting paid in euros, he received Bitcoin there. This was about eight years ago, when the cryptocurrency still cost $14. For context, the same Bitcoin is worth more than $40,000 today.
Getting paid with Bitcoin was Hossainpour’s first encounter with the crypto world. “I also thought at first that Bitcoin was just a payment method for illegal goods,” he says. At first it was all he saw behind him and so he traded his Bitcoin for money.
Bitcoin price ‘absolutely crazy, insane’
In 2013, Hossainpour says Bitcoin witnessed its first really big price spike. At that time, the cryptocurrency broke the $1,000 mark for the first time, and by the end of November 2013, it had grown 80x since the beginning of the year. As a 14-year-old teenager at the time, he said, “If I had left what I now earn in Bitcoin, I would have had several thousand euros by now. That’s why I started researching.”
Alongside programming and school, Hossainpour started a YouTube channel called ‘Kyle Hoss’ at the age of 16, which he says was very successful. He mainly made entertainment videos such as reaction clips or eating tests. About 500,000 people have subscribed to his channel today, but his channel is currently paused.
was able to monetize his YouTube channel and invested around $45,000 in Bitcoin about six years ago. “I deposited it all,” he says. And that worked. The price continued to rise, so enormous that by the time he was 18 he broke the million. “Absolutely crazy and insane,” Hossainpour says.
His parents were “absolutely shocked and surprised,” he says, when he learned that he had suddenly become a millionaire at the age of 18. Hossainpour says account numbers are also just numbers on the screen, but with crypto it’s something else. His family first asked him if he could make any payments with it, even if it was legal. “But overall, my family was very happy,” Hossainpour says.
“Most hype-based altcoin projects will fall to zero”
Hossainpour currently has two jobs. He runs ‘Hoss’, a new YouTube channel exclusively about the crypto world, and invests with two friends in various cryptocurrencies in the form of a private equity fund. They just use their own resources. “We sit around and invest all day and take the pulse of the crypto market,” says
Hossainpour. He says he is aware that Bitcoin is extremely volatile, but is not afraid of it and does not see it as a reason against investing. It doesn’t invest in stocks or ETFs, it only invests in cryptocurrencies.
Hossainpour says, “Many people think or expect that someone so out there knows the craziest cryptocurrencies and invests in really rare cryptocurrencies and has hidden clues” says.
He owns two of the biggest and best-known cryptocurrencies, too much Bitcoin and too much Ethereum. He also invests his money in two slightly smaller cryptocurrencies Solana (SOL) and Terra (LUNA). “These are the four beings I believe in the most,” Hossainpour says.
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