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Cryptocurrency

4-year-old Gains $60,000 From Bitcoin Investment

4-year-old Gains $60,000 From Bitcoin Investment

  • A 4-year-old has reportedly earned more than 6500% profit on a bitcoin investment that was made year’s ago
  • Joao Canhada, the founder of crypto exchange Foxbit gave his daughter 1 BTC when she was born four years ago
  • The cryptocurrency was worth $915 at that time but with BTC’s current value, the 4-year-old has made a profit of $60,000

A 4-year-old has reportedly made more than $60,000 after a huge investment in Bitcoin.

Following the birth of his daughter in 2017, Brazilian crypto expert Joao Canhada gave her a gift like no other- 1 BTC.

At the time of her birth, the flagship cryptocurrency was only worth $915.80 but the coun has skyrocketed to a current value of $61,000.

The drastic rise of the coin over the past few years has seen the toddler make a profit of over 6500%.

Canhada who is the founder of the biggest cryptocurrency exchange in Latin America, Foxbit, disclosed his daughter’s crypto investment at a recent event.

“As soon as my daughter was born, in 2017, I bought 1 Bitcoin for her, not just as a gift, but as a way of investing in this new economy. At the time, BTC cost 5,000 Brazilian Real.”

Read also: Fraudsters Steal N784m in Bitcoin Dating App Scam

Bitcoin

2017 was the last year that bitcoin spent with a value of less than $1000. A fact that even the crypto expert was unaware of at that time.

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