Brazilian toddler makes over 6,500% profit on her Bitcoin holding

A Brazilian toddler has reportedly earned more than 6500 profit on a gift of 1 BTC her father gave her on the day of her birth
A Brazilian toddler has reportedly earned more than 6500 profit on a gift of 1 BTC her father gave her on the day of her birth

A Brazilian toddler has reportedly earned more than 6,500% profit on a gift of 1 BTC her father gave her on the day of her birth.

As at 2017 when her father gave the newborn girl the 1 BTC, the gift was worth around $915.80. But now, the 4-year old is having well over $65,000 worth of BTC in her possession.

Meanwhile, the man who gifted 1 BTC to his newborn daughter, has now been identified as Founder of Brazilian crypto exchange Foxbit, João Canhada. Opening up more about the event, Canhada explained that he had two things in mind at the time he was buying the Bitcoin. He claimed that although, he primarily bought I BTC as a gift for his daughter, he also saw it as a way of investing in a new economy. Speaking about what it cost him to buy the Bitcoin, he recalled spending 5,000 Brazilian Real at the time.

Now just four years later, the one BTC investment has returned yields of over 6,500% for the Brazilian toddler as the price of Bitcoin finally gets back to the $60,000 mark. Incidentally, 2017 was the last time for any investors to purchase Bitcoin for an amount lower than $1000, a fact that Canhada has no idea of at the time.

Also just last month, one London 12-year-old boy reportedly earned about $400,000 too. He made the amazing earnings during school holidays by selling a series of nonfungible tokens (NFT).

According to TheCoinrise report on the London-based boy matter, Benyamin Ahmed created a collection of digital pictures of whale emojis Weird Whales, tokenized them, and then sold them in NFT form.

Although Ahmed could not open a bank account at the time due to the ineligibility of his age, his father has however confirmed that the reported earnings made through the sales of NFTs have been converted to Ether (ETH).