Brazilian toddler earns over 6,500% profit from their first Bitcoin hold October 17, 2021
A 4-year-old girl is said to have made more than 6,500% profit on a Bitcoin (BTC) gift she received for her birthday.
João Canhada, the founder of the Brazilian crypto exchange Foxbit, gave his newborn daughter 1 BTC worth about $ 915.80. Canhada shared details about this 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 to invest in this new economy. Back then, BTC was worth 5,000 Brazilian reals. “
Four years later, a one-BTC investment brought the child a return of over 6,500% as Bitcoin price soared back to the $ 60,000 mark. 2017 was the last chance for investors to buy Bitcoin for under $ 1000, a fact Canada did not know at the time.
Related: British Tween makes nearly 400,000 from bankless NFT sales
Just last month, a 12-year-old boy from London made nearly $ 400,000 during his school vacation by selling a range of inedible tokens (NFTs).
As Cointelegraph reports on the subject, London-based Benyamin Ahmed created and encoded the Strange Whale, a collection of digital images of whale emojis that were then sold in NFT format.
While Ahmed was not eligible to open a bank account due to age restrictions, his father made it clear that the reported earnings from the sale of NFTs were converted into ethers (ETH).