In line with a recent ‘interview‘ with financial news web-site ‘MarketWatch’, Erik Finman – The teen crypto star has recently aforesaid that Bitcoin [BTC] “may have a 1 or 2 bull market left in it,” however that “long-term, it’s dead.”
Finman is renowned for his precocious investment in Bitcoin [BTC] back in 2011, after he reportedly purchased – at the age of 12 years – at $12 USD a coin. The high schooler’s $1,000 USD gift from his granny so became over $4 Mln during the cryptocurrency’s 2017 incomparable highs. Finman sealed additional fame by notoriously winning a bet together with his guardians that if he became a crypto millionaire before the age of eighteen, he would prefer opting out of his college.
In his interview with MarketWatch, the Finman remarked, “Bitcoin [BTC] is dead, it’s too fragmented, there’s heaps of infighting I simply don’t assume it’ll last.” He gave a equal grim forecasting for Litecoin [LTC], the altcoin by Charlie Lee. Addingly he said:
“Litecoin [LTC] has been dead for a while. It’s like when the sun goes down and there’s that eight minute time period simply before it goes dark. Litecoin is in its seventh minute.”
His more optimism was based on the projects like Ethereum [ETH] and anonymity-oriented coin Zcash [ZEC], with Finman reserving positive comments for Bitcoin Cash [BCH] — withal its recent controversial hard fork – ‘affirming‘ his belief within the coin’s technology.
The teen additionally reportedly railed against “the hooks and lobbyists” of Wall Street; buoyed by his early success, he told MarketWatch, “I’m better at this kind of stuff than those millionaires. […] They don’t know how to figure the system, they’re nerds. I am more than that.”
However at the reporting time, as at the reporting time Bitcoin [BTC] is presently trading at a price around $3,510 USD and is 3.98% higher than yesterday. Litecoin [LTC] is up over 2.21 % on the day to trade at $28.75 USD but has shed over more than 32 % in price on its monthly chart.
As reported earlier, Finman’s quirks embrace allegedly going to Mexico to securely store the private keys to his crypto wallets — within the vein of characters from the popular TV series named ‘Breaking Bad’. He has additionally spoken of plans to buy a Lamborghini with a personalised vehicle plate ‘corresponding‘ to his average grade scores in high school – 2.1 – though he never graduated.