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IPFS News Link • Africa: On the Map

African Innovators are Proving This Teenage Bitcoin Millionaire Hotshot Right

• https://www.ccn.com

The words of teenage Bitcoin millionaire, Erik Finman is finding expression in parts of the world where the younger generation have been technically sidelined from leadership.

A Rare Opportunity for Young People

Finman, who is just 19 years of age owns 401 Bitcoins as at the time of writing. Finman argues that Bitcoin is just as real as fiat money, he believes that the cryptocurrency and its underlying technology offers young people the opportunity to leapfrog the older generation and compete in terms of wealth and what it offers.

"Cryptocurrency represents the largest transfer of wealth our generation has ever seen. Never before have young people been able to change economic classes so quickly", says Finman.

The words of Finman clearly explains the situation in most parts of Africa, a continent where majority of the political and industrial leaders are well past the age of youth. Compared to their counterparts in other parts of the world, African youths have been left out of traditional developmental systems. Same applies to wealth opportunities – while there exists a few wealthy older citizens, majority of the youths barely live on handouts.

African Youth Are Taking Chances

As Bitcoin, blockchain and cryptocurrency becomes more popular on a global level, young Africans are seizing the opportunities within the ecosystem to close the gap between them and the older generation. The faces that are behind the blockchain technologies indigenous to the African continent represent a generation that is ready for a change.


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