Early bitcoin investor Nikki Beesetti said one transaction funds her entire second semester of college.
“I managed to buy one bitcoin with $ 2,000 which ended up being $ 19,000 by the end of 2017,” he told Stuart Varney of FOX Business on “Varney and Co.” “And that was enough for me to pay my tuition.”
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Beesetti described as a “great believer in cryptocurrency,” her first interest began while she was in college.
“I was studying electrical engineering and at the time I saw bitcoin as an innovative development of computer science and engineering,” he said. “I knew I really wanted to be a part of something like that.”
Beesetti said she is still betting on cryptocurrencies today.
“I’m investing not only in bitcoin, but another cryptocurrency called ethereum, which has also done quite well for me,” he said.
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The trick to investing in the market, he explained, follows the rule that no more than 20% of an individual’s net worth should be in one asset class. She has invested less than 20% in bitcoin and her other investments are mostly in ETFs and Big Tech stocks.
Bitcoin has had an exciting year, soaring 871% since early 2020 and seeing an all-time high of $ 40,797 on January 7.
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However, Beesetti said the price of bitcoin may be too high for new investors.
“I would recommend looking at a few alternative cryptocurrencies such as ethereum, litecoin etc as these could be a good way to access the cryptocurrency market,” he said.
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FOX Business’ Jonathan Garber contributed to this article.