Youngest Crypto Billionaire Erik Finman Talks To Congress Representatives About Bitcoin
Bitcoin Millionaire Erik Finman was one of the biggest names in the crypto ecosystem not too long back. In fact, he had been named on the TIME’s most influential teen list. Leveraging his popularity, he briefed a group of Congress Representatives about the latest development in the digital asset space.
Spoke with reporters outside our Congressional briefing on Bitcoin today.
Seems like the whole world is interested in what’s happening on Capitol Hill regarding cryptocurrency.
Progress is being made – stay tuned! pic.twitter.com/UtmljdSsvU
— ERIK FINMAN (@erikfinman) July 24, 2019
Today he owns 401 bitcoins, and in 2013 he made his first bitcoin sale and made a profit of $100,000 with the profits he opened up an education company which he later sold for 300 bitcoins, he then started working at NASA and still manages his and his family’s crypto investments to this day.
However, it is important to note that he pointed out several issues that face bitcoin as a pioneer cryptocurrency. Some of them include; its complex network regarding use, constant in-fights among its developers, exorbitant transaction charges, and slow speeds when processing transactions.
The teenager expressed his fears about the future of bitcoin as a leading coin in the cryptocurrency world. According to Erik, bitcoin is facing a lot of competition from other altcoins and if it has to beat that, it will need to work on its major flaws as earlier outlined. Back in December 2018, he had said that long term bitcoin was dead.
In spite of this, the young crypto enthusiast is still bullish on the blockchain technology altogether. He even repeated another statement he had earlier said in January last year where he had claimed that it’s still possible for one to be a millionaire if they invest in bitcoin.
Another crypto representative who was present was Marshall Hayner, the CEO of Metal Pay.
Our CEO @MarshallHayner spoke today on Capitol Hill briefing Congressional Representatives and staffers on the importance of allowing for innovation to flourish in the world of crypto #Bitcoin #Metal pic.twitter.com/PVvpP1oQeN
— Metal Pay (@metalpaysme) July 24, 2019
It seems that bitcoin has managed to regain the trust of Finman, mostly because of crypto adoption from big names in the industry like the social media giant Facebook, the cell-phone behemoth Samsung and media and telecom group AT&T. He believes that 2019 is 2017 for bitcoin and cryptocurrency, and that bitcoin can remain the most valuable cryptocurrency in the world.