Bitcoin

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).

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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