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
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.
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