‘If you’re not a billionaire’ in 10 years ‘it’s your own fault,’ says bitcoin tycoon

Bitcoin has mounted an uncanny resurgence from the depths of a virtual winter for the cryptocurrency market, with bullish, long-term investors extolling the virtues of digital assets as the opportunity of a lifetime and touting the benefits of sticking it out through the volatile price swings.

One such bitcoin proponent, Erik Finman, harbors an unusually upbeat prediction for the enterprising few, willing to take a chance on bitcoin and blockchain.

Finman told MarketWatch in a Tuesday interview that bitcoin, and its ilk, could be a veritable lottery ticket for those with the intestinal fortitude to hold on to or invest directly in the asset for at least the next decade.

Finman said bitcoin could certainly mint more than a few millionaires, over time, reiterating comments that he had made to Business Insider Germany back in January.

However, he told MarketWatch that he was willing to take those earlier comments one step further as bitcoin rebounded from its recent lows:

“I 12,000% believe that,” he said, “I believe that you could be a millionaire by investing in blockchain and bitcoin.” He said blockchain, the technological backbone for crypto assets like bitcoin and bitcoin cash BCHUSD, +4.26% could translate into massively rewarding investments.

“I will double down on that [earlier comment] and say that if you’re not a billionaire in the next 10 years, it’s your own fault,” said the investor, who reportedly became a millionaire by his late teens on bitcoin investments and opted not to attend college to pursue his entrepreneurial passions.

Finman’s statements come as bitcoin has been on a tear lately, topping $8,000 in recent trade after putting in December low of $3,194.96.

Put another way, bitcoin futures BTCK9, +2.25%  trading on Comex have climbed nearly 120% year-to-date, according to FactSet data. By comparison, the Dow Jones Industrial Average DJIA, +0.82% has risen…

Continue reading at MARKETWATCH.com

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