This high-school dropout who invested in bitcoin at $12 is now a millionaire at 18 This high-school dropout who invested in bitcoin at $12 is now a millionaire at 18 20 Hours Ago | 00:39 Erik Finman made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. Thanks to his savvy investments in bitcoin and the current all-time high valuation, he won't have to get his degree.
"I can proudly say I made it, and I'm not going to college," Finman said.
He currently owns 403 bitcoins, which at the current $2,700 a coin puts his bitcoin value at $1.09 million. He also has smaller investments in other cryptocurrencies, including litecoin and ethereum.
Bitcoin is very volatile, and the value could decline rapidly. A technical analyst told CNBC he believes bitcoin will only go up to $2,800 before the value recedes, while others think it may reach $100,000 in a decade.