Brazilian toddler makes more than 6,500% profit when he holds Bitcoin for the first time

According to reports, a 4-year-old girl made more than 6,500% of profits on one Bitcoin (Bitcoin) The gift she received the day she was born.

João Canhada, founder of the Brazilian cryptocurrency exchange Foxbit, Gave 1 bitcoin to his newborn daughter, Worth approximately US$915.80. Canhada shared the details of the event, he said:

“In 2017, as soon as my daughter was born, I bought her 1 Bitcoin, not only as a gift, but also as a way to invest in this new economy. At that time, the price of BTC was 5,000 Brazilian reals. “

Four years later, as the price of Bitcoin soared to the $60,000 mark, a BTC investment brought more than 6,500% of profits for the child. 2017 was the last opportunity for investors to buy bitcoins under $1,000. Canada did not know this fact at the time.

related: U.K. Twain earned nearly $400,000 through NFT sales without a bank account

Just last month, it was reported that a 12-year-old boy from London made nearly 400,000 U.S. dollars by selling a series of non-fungible tokens (NFT) during the school holidays.

According to Cointelegraph’s report on the matter, London-based Benyamin Ahmed created and tagged Weird Whales, a set of digital images of whale emojis, which were then sold as NFTs.

Although Ahmed was not eligible to open a bank account due to age restrictions, his father clarified that the reported income from NFT sales had been converted into Ether (Ethereum).