Bitcoin

A 22-Year-Old Bitcoin Millionaire Revealed How He Got Rich

  • kiarash hossainpour became a bitcoin millionaire at just 18 years old.
  • at 16, he invested around 40,000 euros he had earned through from youtube to bitcoin .
  • This was soon worth millions of euros. he told an informant how he did it.

if you follow kiarash hossainpour on instagram, you’ll get an idea of ​​what life is like as a rich bachelor.

The 22-year-old Berliner posts photos wearing expensive watches from brands like Audemars Piguet and Richard Mille, and drives Lamborghinis, Porsches and Rolls-Royces.

Reading: 22 year old bitcoin millionaire

His wardrobe features labels from brands like Gucci and Prada, and he can often be found in a restaurant in Dubai, sampling spaghetti with truffles and caviar.

If you didn’t know what he was doing, you might think he was a pop star.

but hossainpour belongs to a generation of young crypto millionaires, some of whom manage more money than senior fund managers.

How did you get so rich so young?

He’s always been a “little nerd,” hossainpour said of himself in an interview with Insider.

He had his first computer when he was ten years old, he said.

“I started playing, but my father said: ‘no, stop playing, learn to code instead,'” the 22-year-old recalled.

His father was also a programmer and taught him to code, Hossainpour added.

“At some point, my father said to me: ‘Look at YouTube, these are two young people in their 20s and 30s, they created this site and now they are billionaires. Why don’t you do something like that?'” he said.

receiving payments in bitcoin was hossainpour’s first encounter with the world of cryptocurrencies

The young Berliner started programming after school and came across wordpress, a software that allows you to create websites. At the time, Hossainpour was also into online gaming forums: he knew the gamer scene and their needs. For money, he started creating websites for players from the forums. for a website, he received an average of about 30 euros. people in the gaming scene mainly wanted their own websites so they could sell gaming items, he said.

“some delivered newspapers, I created wordpress sites,” said hossainpour.

At some point, he said, he “discovered” that he was getting paid much better for the same service on deep web forums.

“In addition to criminals, a lot of ordinary people from the gaming scene hang out there,” said the 22-year-old. but instead of getting paid in euros, he got bitcoin there. that was about eight years ago, when the cryptocurrency was still around $14. for context, bitcoin is now worth around $47,000.

See also: Learn how to securely send bitcoin | How Do Bitcoin and Crypto Work? | Get Started with Bitcoin.com

“I thought bitcoin was just a payment method for illegal goods,” he said.

That’s all he saw behind him at first, so he traded his bitcoin for money.

the price of bitcoin is “absolutely crazy and insane”

In 2013, hossainpour said he then witnessed bitcoin’s first really big price increase. at the time, the cryptocurrency surpassed the 1,000 mark for the first time, and by the end of November 2013, it had increased 80-fold since the beginning of the year. When he was 14 at the time, he thought: “If I still had what I earned in bitcoin, I would now have a few thousand euros. That’s why I started to investigate.”

In addition to programming and school, Hossainpour started a YouTube channel called “Kyle Hoss” when he was 16, which he said was very successful. he mainly made entertainment videos, like reaction clips or feeding tests. Almost 500,000 people have subscribed to his channel, but he is currently discontinuing it.

He was able to make money from his YouTube channel and invested around €40,000 in bitcoin about six years ago.

“all in,” he said. and that was worth it. the price kept rising so enormously that she surpassed the million mark when she was 18 years old.

“Absolutely crazy and insane,” Hossainpour said. “crypto is like a cheat code for the younger generation to get rich quick.”

When his parents found out he had suddenly become a millionaire at 18, they were “absolutely shocked and shocked,” he said. “especially since it was about crypto values. numbers that are just numbers on a screen.”

Account numbers are also just numbers on a screen, but with cryptocurrencies, it’s something else, said hossainpour. His parents first asked her if she could pay something with him, even if it was legal, she recalled.

“But overall, my parents were very happy,” Hossainpour said. “My parents are full-blooded Iranians and Persians, and academic education is very, very important there.”

he said his parents come from a wealthy family, but they deliberately went to germany because they didn’t want any of the money.

“I mean, my father doesn’t give it so much importance, he prefers that I be aware of it,” he said.

“most small and hyped coins will reset to zero”

hossainpour currently has two jobs: he manages a new youtube channel “hoss”, which is exclusively about the world of cryptocurrencies, and he invests in various cryptocurrencies with two friends, investing only his own capital.

“We sit around all day, trading back and forth, and we have our finger on the pulse of the crypto market,” said hossainpour.

See also: How Many Hashes Create One Bitcoin? – Quantaloop

says that he is aware that bitcoin fluctuates wildly, but he is not afraid of it and does not see it as a reason not to invest.

“I think you should be more willing to take risks when you’re young,” the 22-year-old said.

That’s because when you’re young, you usually don’t have responsibilities, marriage or children, hossainpour added.

“I think you can lose everything at 24 and still have a normal life at 26,” he continued.

does not invest in stocks or etfs, only in cryptocurrencies.

“A lot of people expect or think that someone who is in the market knows the craziest coins and invests in some really weird cryptocurrencies and has insider tips,” said hossainpour.

but that’s not the case. he is actually quite conservative with his cryptocurrency investments, he added.

“most of the small and hyped coins will go back to zero,” he said.

hossainpour owns “lots and lots” of bitcoin and “lots and lots” of ethereum, the two largest and most well-known cryptocurrencies. he also invests some of his money in two smaller cryptocurrencies, solana and luna.

“Those are the four assets I believe in the most,” Hossainpour said.

his first car was a ferrari 488 spider

hossainpour, in terms of his bank account (an insider was able to peek into his cryptocurrency portfolio), has already accomplished almost everything in his early twenties. he is already financially free and can enjoy things that most people can only dream of.

his first car cost more than 200,000 euros, for example.

“It’s a rear-wheel drive car and very difficult to drive,” said hossainpour.

“the car has a lot of power and is not recommended for novice drivers, including me at the time,” he added. “broke many, many tires.”

He currently drives a Bentley Continental GT, which is in a similar price range but “much more comfortable and relaxed,” he added.

See also: Heres why holding 20.8K will be critical in this weeks 1B Bitcoin options expiry

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