The cryptocurrency industry has seen massive growth in the recent past, characterized by success stories from investors and traders. In all honesty, cryptocurrency has revolutionized the financial sector and changed the lives of different stakeholders. Of course, just like any other investment, there is an element of risk in investing in crypto, but going by the past trend, the future of cryptocurrency looks bright.

Let’s look at three crypto success stories that might amaze you.

Javed Khan and the importance of keeping the change

In 2018, Khan started investing in Bitcoin, albeit unintentionally. Khan was using crypto to make payments because he found it convenient and easy to close business deals this way. Every time he made a transaction, he would let a Bitcoin just sit in his wallet, and every time he checked, the price would be higher.

Being business-minded, Khan became more deliberate in buying Bitcoin, particularly when there was no “news” around it, and the price was relatively low. You may want to read our articles on how to use different trading methods to your advantage on our blog.

Guess what happened then? In 2020, Khan cashed his Bitcoin and bought his dream car, a Bentley.

Kristoffer Koch reminds us of the joy of remembering your forgotten money

Have you ever put aside an amount so small that you forgot about it, only to be happy when you find it? You are not alone. Koch must have forgotten about the Bitcoin he mined in 2009 for just $26.

In 2009, Koch was a master’s student in a University in Norway. For his master thesis, he chose a topic on encryption technology, which gave him exposure to Bitcoin. Curious about the new blockchain technology, Koch made up his mind to spend a mere $26 to buy 5000 bitcoin. Yes, 5000 bitcoin, it was that cheap back then.

In 2013, he heard about Bitcoin again in the news and remembered the 5000 Bitcoin he had bought; he quickly realized that he was a millionaire. Koch cashed just a fifth of his bitcoin at a value of $886,000! Well, if Koch still has his 4000 bitcoin in his wallet, which we have no reason to think he doesn’t, he should be worth about $158,987,600 by now!

Erik Finman — the boy who was set on winning a bet

Think about this, a young boy making a bet with his parent that he will be exempted from attending college (clearly, he had no love for the conventional school system) should he manage to be a millionaire by 18. Sounds unlikely, doesn’t it. Well, guess who won the bet?

At the age of 12, Erik received a $1000 gift from his grandparent; he used every penny to mine crypto — this was in 2011. A few years later, Bitcoin was valued at $1200, and Erik’s efforts paid off. He used the funds to start an online education platform.

With time, his platform attracted the interest of investors, and one offered to buy the platform for $100000 or 300 bitcoin. Again, Erik chose Bitcoin. The reason? He wanted to actualize the bet he made with his parent on being a millionaire by 18 so as not to go to college. He knew that Bitcoin was his only way of achieving that. To cut a long story short, Erik managed to avoid going to college.

The stories are endless and the potential unimaginable. Every day people are achieving their dreams and goals courtesy of holding a diversified portfolio and making informed choices in crypto investment. The potential that digital coins have shown is beyond anything most ever deemed achievable.

You can start the first chapter in your own success story with more than 500 coins to trade on Your Friendly Crypto Exchange, IXFI.

Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.

Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.

Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.