The four-year-old daughter of Brazilian crypto exchange founder Joao Canhada has made a massive profit of over 6,500 percent on her first bitcoin. Canhada, who founded the cryptocurrency exchange platform Foxbit, gifted bitcoin to his newborn daughter in 2017 when it was still worth $1,000 (about Rs 75,310). Four years later, the value of that bitcoin has exceeded $60,000, bringing huge gains to the little kid.
Back in 2017, that one token cost less than $1,000. Today, B T c Trading at over $60,000 (approx Rs 46 lakhs) as of Monday, October 18th.
“As soon as my daughter was born, in 2017, I bought 1 bitcoin (BTC) for her, not only as a gift, but as a way to invest in this new economy,” news portal cointelegraph.com Cited Kanhada is saying.
This news comes at a time when voices are rising in support of cryptocurrency across the world. billionaire investor mark cubano For example, it was recently said that bitcoin is “better gold than gold”.
In a similar incident reported in September, a 12-year-old boy named Benjamin Ahmed from London, UK, received $400,000 (roughly over Rs three crore) through the crypto-space. Making the most of his school holidays, Ahmed auctioned off a series of non-fungible token (NFT). The cryptocurrency market grew by 706 percent in the 12 months to June 2021 and reached a value of $572.5 billion (approximately Rs 42,62,844 crore) in the Central and Southern Asia and Oceania region alone (CSAO). report good Market research firm Chainalysis had said.
tech mogul Elon Musk It has also recently stated that cryptocurrencies cannot be destroyed right now and that their growth will be seen globally in the times to come.
Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.