íŕçâŕíčĺ

‘2019 Is the New 2017’ for Bitcoin, Says Crypto ‘Wunderkind’

‘2019 Is the New 2017’ for Bitcoin, Says Crypto ‘Wunderkind’

Orange is the new black. Male stockings are all the rage. And 2019 is the new 2017, according to Bitcoin millionaire and ‘wunderkind’ Erik Finman.


Bitcoin and Blockchain Are the Cutting Edge

Erik Finman. If that name rings a bell, it’s probably for one of a few reasons. It could be because of his extremely large fortune accumulated by buying bitcoin in 2011. Or, it could be for his equally large ego.

Finman was never backward in coming forward about his riches, staging plenty of gaudy pictures on his Instagram account.

If that doesnt jog your memory, it may be because he came out with a woefully wrong prediction last December that Bitcoin was dead and Litecoin was breathing its last breaths. Just a few days later, both markets began to sprint with Litecoin making gains of over 250 percent.

If you still havent got this now 20-year-old ‘wunderkind’ down, perhaps its because youre using his “revolutionary” new app CoinBits. Although, thats rather doubtful since a rehash of a four-year-old investment app using dollar-cost averaging is hardly revolutionary and it has just a handful of users.

However youve heard of the now post-pubescent Bitcoin messiah, hes rebranding himself and moving away from his tragic predictions of 2018. That was so last year, after all.

Finman is switching up the dark glasses and suit for some nerdy specs and a T-shirt and positioning himself as a thought leader in the space, presumably with a very expensive PR agency behind him. It turns out that Bitcoin and blockchain are back in fashion and “cutting edge” after all.


But 2019 Is Definitely Not the New 2017

While Finman makes soundbite statements like this and enthuses that products like his will resurrect the Bitcoin price back to $20k by the end of the year, its hard not to roll your eyes.

After all, Finmans knowledge of Bitcoin goes back to 2011. If anyone should know better about the cryptocurrency space, its him.

And 2019 is definitely not the new 2017. Far from it, in fact; a lot has changed over the last two years.

To start with, expectations have been adjusted from the mania days, in which blockchain could cure cancer and geeks with too much money were busy spending their college funds on CryptoKitties.

Bitcoin is way better placed than ever it was during the height of retail FOMO. Transactions, hash rate, usage, and average block size are all well up from 2017 despite the long bear market.

Theres a ton more fiat on-ramps, proven use cases, more Bitcoin ATMs, fewer scams, institutional investment, major names like Microsoft, eBay, and Apple on board. Even the SEC has decided that Bitcoin is not a security.

So, change your image all you want Mr. Finman. But save us these trite soundbites, particularly after you declared Bitcoin dead. Oh, and, please stop this desperate bid to align yourself with big brand names like Facebook, AT&T, and Andrew Yang–no matter how much your PR agency insists.

Do you agree that 2019 is shaping up to be like 2017? Add your thoughts below!

Images via Shutterstock

The post 2019 Is the New 2017 for Bitcoin, Says Crypto ‘Wunderkind’ appeared first on Bitcoinist.com.

10.06.2019 / 11:40 51
Teen Bitcoin Millionaire is Planning on Resurrecting Bitcoin (BTC) Price to $20,000 Teen Bitcoin Millionaire is Planning on
Erik Finman, the teenage millionaire who hit the media after making some savvy investments into Bitcoin as an early adopter, believes that with a bit
Bitcoin ‘Wunderkind’ Launches New Crypto Micro-Investment App Bitcoin ‘Wunderkind’ Launches New
The 20 year-old so-called Bitcoin ‘wunderkind’, Erik Finman, yesterday launched a new app he claims will revolutionize the world of cryptocurrencies.
Crypto Teen Millionaire Spells Out Bitcoin’s Problems That Needs Resolving Or it Will Die Crypto Teen Millionaire Spells Out
Despite Bitcoin being the oldest, most well established, and functional cryptocurrency around, there is no doubting that there are some issues that
Teenage Crypto Millionaire Erik Finman Says Bitcoin is Pretty Much Dead, Offers Hope for Bitcoin Cash Teenage Crypto Millionaire Erik Finman
TweetShare Erik Finman, a teenager who became filthy rich during the Bitcoin boom, has now issued a warning to Bitcoin maximalists, the term given to
(Former?) Kid Crypto Millionaire Bashes Bitcoin (BTC), Calls It “Dead” (Former?) Kid Crypto Millionaire Bashes
Erik Finman, The “Teenage Bitcoin Millionaire” Erik Finman is likely a name you have heard in crypto’s lore. If this name doesn’t ring any bells,
Teen Bitcoin Millionaire: “Bitcoin is Pretty Much Dead” Teen Bitcoin Millionaire: “Bitcoin is
One of the youngest cryptocurrency success stories has a rather bleak outlook for the leading digital asset, Bitcoin. Erik Finman became a
Comments (0)
Add a comment
Comment on