The 4-year-old is said to have earned more than 6,500% of the profits from the Bitcoin (BTC) gift she received on her birthday.
Joao Cangada, founder of the Brazilian crypto exchange Foxbit, gave his newborn daughter 1 bitcoin worth about $915.80. Kanhada details the incident, saying:
“As soon as my daughter was born, I bought 1 Bitcoin for her in 2017, not only as a gift, but also as a way to invest in this new economy. At that time, BTC was worth R$5,000.”
Four years later, a single bitcoin investment brought a child over 6,500% profit when the bitcoin price rose again to $60,000. 2017 was the last opportunity for investors to buy bitcoins for less than $1,000, something Kanhada was unaware of at the time.
On the topic: British teenager earns nearly $400,000 on NFT sales without a bank account
In the past month alone, a 12-year-old boy from London earned nearly $400,000 during his school holidays by selling a series of Dematerialized Tokens (NFTs).
According to a Cointelegraph report on the case, London-based Benjamin Ahmed Weird Whales created a set of digital moji whales that were then sold in the form of NFT.
Although Ahmed was not eligible to open a bank account due to age restrictions, the father explained that the reported income from NFT sales was transferred to Ether (ETH).