Bitcoin gifted for the birth of a child has yielded a 6600% return after four years

November 3, 2021

Bitcoin gifted for the birth of a child has yielded a 6600% return after four years

The value of bitcoin given to a baby girl by her father has increased 67 times in four years, from $915.8 to $62,000. Cointelegraph writes about the story.

Joao Canada, founder of Brazilian cryptocurrency exchange Foxbit, bought 1 BTC for his daughter the day she was born.

"I bought bitcoin for her, not just as a gift, but as a way to invest in the new economy. At the time it was valued at 5,000 Brazilian reais," he reported.

Four years later, the price of the first cryptocurrency has risen more than 67 times to the current $62,000.

Recall that in September, 12-year-old London resident Benjamin Ahmed created 3,350 CryptoPunks-style NFTs and sold them in nine hours. His profit was around $350,000.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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