Bitcoin: The Revolution
April 12, 2018
A graduate of North Kingstown High School in 2016 (who would like to remain anonymous) has stated that he made millions of dollars off the company Bitcoin.
Bitcoin is a type of digital currency (cryptocurrency) that isn’t backed up by a central bank or a government.
Bitcoin can be used to buy goods or services. Bitcoin transactions are made digitally and anonymously. Bitcoin can be stored in a digital wallet, which has addresses to send and receives Bitcoin.
Bitcoin was invented by Satoshi Nakamoto and big name companies that accepts Bitcoin include; Microsoft, Subway, Newegg and Reeds Jewelers.
He said that he learned about Bitcoin when he was 14 years old, when Bitcoin was only worth a couple of dollars.
“I took all the savings I had, which was $1,500, that was all Christmas and birthday money,” he said.
He cashed out in December, he had thousands of Bitcoins. Having each Bitcoin worth about $18,500.
Even with the potential fortune, he said, right now, his only plan is to continue living like a college student.
“I’m definitely graduating,” he said. “A lot of people are like, ‘Oh, you should just drop out,’ but no, I don’t really want to do that.”