Paul Mampilly of Banyan Hill Publishing recently wrote an article about a young woman who became a bitcoin millionaire. He says that Erica Stanford had absolutely no experience in cryptocurrencies when she started out on her path to a million dollars. She started out by investing $2,600 in bitcoin. A few months later and her account had swollen to $39,000. He says that a story like hers isn’t all too rare. A lot of people made huge gains during the 2017 crypto market runup. However, Paul Mampilly assumed it was the experts in the industry hauling it returns of 1,400 percent. He figured people who kept a constant eye on trending markets were the ones who profited handsomely when the huge surge took place in December 2017.
Erica Stanford is 30 years old and she quit her job to trade cryptocurrencies on a full-time basis. Her coworkers, boss, and family thought she was crazy. Nobody could figure out why she was taking such a leap of faith in a little understood industry. She says that just made her more driven. One day she lost $6,500 because she didn’t have access to her wallet but that didn’t deter her from her path. Just months after she started trading full-time she has made a million dollars. Paul Mampilly says that you have to love a story like hers. Millennials, in particular, are drawn to cryptocurrencies and around 50 percent say they could see it becoming their primary currency down the road.
Even the cryptomarket falling by 70 percent from its 2017 highs hasn’t discouraged millennials and 20 percent have invested in it. Paul Mampilly writes about ways of investing that deliver huge returns. He was on Wall Street from 1991 until 2009 when he decided he had enough of that and chose to retire. He now lives in North Carolina and offers his investment advice through Profits Unlimited, his financial newsletter that comes out once a month. He wants to help everyday investors make money unlike when he was on Wall Street and providing his advice just to the wealthiest 1 percent of Americans.