The Brazilian toddler's first Bitcoin holdings yielded a 6,500% profit.

Maybe the father would never guess that his birthday gift to his little girl in 2017 would be so valuable now


A newborn Brazilian baby girl received 1 Bitcoin as a gift for her birthday in 2017, and she has profited by 6500% so far.

The gift was approximately $915.80 back then, and compared to the price of BTC now, which is more than $60,000, the little girl has made a 6500% profit. Her father, João Canhada, who is the founder of Foxbit, a Brazilian crypto exchange, gave her that gift in 2017. Mr. Canhada explains this event.

"As soon as my daughter was born, in 2017, I bought 1 Bitcoin for her, not just as a gift, but as a way of investing in this new economy. At the time, BTC cost 5,000 Brazilian Real."

Even the founder of Foxbit had no idea that the Bitcoin he was gifting her daughter was going to yield more than 6500% profit. In fact, no one had any idea that 2017 was the last year to invest in Bitcoin under $1000.

This is not, of course, the first time that a child has made money in the crypto space. An English teenager made $400K by selling NFTs during his school holidays. This 12-year-old kid named Benyamin Ahmed created and tokenized his Weird Whales. Then he managed to sell his collection of whale emojis as NFT.

Being too young, Ahmad could not open a bank account. So his earnings were converted to ETH, according to his father.



Latest News

Shiba Inu wallet waitlist hits 1.6 and Robinood COO hails this

1.6 million people are in a queue for Robinhood's crypto wallet as pressure rises on this company to list one of the market's most popular memecoins. ...

NOV 10, 2021

BlockFi files for a Bitcoin ETF with physical backing

The Securities and Exchange Commission's decision on VanEck's proposal for a spot Bitcoin ETF is set to be made on November 14th. ...

NOV 08, 2021

Brazilian federal deputy proposes cryptocurrency as a payment option for workers

Goulart's plan calls for the passage of a new legislation that would provide all Brazilian employees the option to receive their payment in cryptocurrency from ...

NOV 07, 2021

Enjin tends to spend a new $100M to decentralize its metaverse

The fund will be dedicated to building the Efinity blockchain, focusing on seed equity investments. ...

NOV 04, 2021