In 2018, a young man who invested about $34,000 into bitcoin and altcoins has now earned several millions of dollars in profit. He abandoned his white collar job in October 2017 and now travels the world as a startup advisor and angel investor.
Advani’s Journey to the Moon
According to Business Insider, it all started in the summer of 2017 when the 24-year-old Advani traded all his personal belongings, withdrew his life savings from his bank account and invested everything into various cryptocurrencies.
Advani was well aware of the liquidity and volatility of the crypto market and deep down he knew it would be an adventure, so he dove in with all his life and luckily for him, within just six months, his net worth surged to the low seven figures.
Unlike some members of his demographic still struggling to find their footing in their careers, Advani is now a full-fledged cryptocurrency advisor and angel investor. He shuttles between London, New York, and San Francisco, meeting with and scouting Blockchain startups.
Speaking about the inherent opportunities in blockchain-based digital currencies, Advani reiterated that:
“I think at no point in human history have people in their twenties had such an opportunity to invest in such high-growth assets.”
The young millionaire admitted that he first got interested in cryptocurrencies when he learned about Blockchain technology.
In 2012, an acquaintance introduced him to bitcoin, an entirely decentralized cryptocurrency that supports pseudo anonymous payments, powered by a distributed ledger technology. Advani saw a clear vision of the full potential of the technology and made up his mind that someday he’d invest in it. Advani declared:
“It’s like a rebellion to traditional finance. You don’t need centralized banks to send money. You have these great pieces of tech send money for you through cryptography. so unlike banks, its faster, cheaper and more secure.”
With a strong desire to be a crypto whale, Advani started reading ICO whitepapers and spent most of his spare time studying the markets and saved as much as he could monthly from his day job as a data scientist in a software firm.
“Every month I was waiting for that paycheck, and I put it straight in,” he said. Finally, his efforts paid off.
The crypto enthusiast has now made a fortune from his early stage investments in startups spun from universities like Stanford, Cornell and Massachusetts Institute of Technology. These highly reputable institutions are mostly working on high-speed Blockchains to continue developing the technology.
Advani quit his software job back in October 2017 and now flies around the globe advising Blockchain startups and pumping his money into viable Blockchain-based projects.
Unlike most young people with the kind of wealth he has, Advani neither drinks nor goes clubbing; he’d rather spend his spare time meditating and reading cryptocurrency research online.
“I’ve decided to optimize time in front of the computer because it’s so easy to get distracted. I order all my food online to the door. I don’t spend any time grocery shopping because I think it’s a waste of time. I try to live in a ‘bunker’ as much as possible.”
He firmly believes that he has become successful partly because he has mastered the art of concentrating on the things that matter most thereby starving the irrelevant ones.
One such technique? He doesn’t read news stories about the price of bitcoin and other cryptocurrencies. Instead, Advani spends most of his time voraciously reading the latest research articles on Blockchain technology and possibilities of virtual currencies.
Despite all the advantages of cryptocurrency, the fact remains that they are very volatile and very liquid assets. Therefore, it’s not recommended for everyone. Like Advani would say: “Only put in what you can afford to lose.”