The Brazilian toddler's first Bitcoin holdings yielded a 6,500% profit.

Maybe the father would never guess that his birthday gift to his little girl in 2017 would be so valuable now

Share

A newborn Brazilian baby girl received 1 Bitcoin as a gift for her birthday in 2017, and she has profited by 6500% so far.

The gift was approximately $915.80 back then, and compared to the price of BTC now, which is more than $60,000, the little girl has made a 6500% profit. Her father, João Canhada, who is the founder of Foxbit, a Brazilian crypto exchange, gave her that gift in 2017. Mr. Canhada explains 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 of investing in this new economy. At the time, BTC cost 5,000 Brazilian Real."

Even the founder of Foxbit had no idea that the Bitcoin he was gifting her daughter was going to yield more than 6500% profit. In fact, no one had any idea that 2017 was the last year to invest in Bitcoin under $1000.

This is not, of course, the first time that a child has made money in the crypto space. An English teenager made $400K by selling NFTs during his school holidays. This 12-year-old kid named Benyamin Ahmed created and tokenized his Weird Whales. Then he managed to sell his collection of whale emojis as NFT.

Being too young, Ahmad could not open a bank account. So his earnings were converted to ETH, according to his father.

Categories

Cryptocurrency(5)

Latest News

$150 million in USDT was frozen by Tether

A rationale for blacklisting three addresses has not been given by Tether, although it has done so in the past to cooperate with law enforcement and help exchan ...

JAN 14, 2022

Pakistanis have $20 billion in crypto assets

The local association chief said that Pakistanis have $20 billion in crypto assets, and they need to set up a policy for that. ...

DEC 22, 2021

With many parachain deployments, Polkadot anticipates disrupting Web 3.0.

Parachains have been among the greatest achievements of Polkadot and it took Polkadot five years to build them which were auctioned off to teams. ...

DEC 19, 2021

Reddit will go public

Internet forum Reddit Social network announced its plans of going public and it is filing for an IPO. ...

DEC 17, 2021

Tags

NFT

Bitcoin

Ethereum

Tags

NFT

Bitcoin

Ethereum