One crypto bet took two nearly jobless brothers to multi-millionaires

A simple investment into a particular cryptocurrency took two out-of-work brothers from nearly being broke to being millionaires.

@Jak_ConnorTT
Published Mon, May 17 2021 7:35 AM CDT   |   Updated Sun, Jun 13 2021 3:40 PM CDT

Two brothers who have remained annoymous have told CNN that they became millionaires almost overnight with one simple investment.

One crypto bet took two nearly jobless brothers to multi-millionaires 01 | TweakTown.com

The two brothers named Tommy and James who are 38 and 42 years-old, respectively, invested into Shiba inu coin, which is a parody coin of the now extremely popular cryptocurrency Dogecoin. Any cryptocurrency is a gamble as the market is extremely volatile. But while volatility is risky there is also the chance of making high levels of profit. James and Tommy each purchased $200 worth of Shiba coin back in February.

Tommy said, "My mother and sister were skeptical but they each put in $100, too. After a few weeks, when it was up about 300% they put another $100 in each, and then it kept going up." In total, the group put $7,300 into the cryptocurrency. Due to the COVID-19 pandemic, the brother's main source of income - wedding videography - basically came to a halt. In April the brothers' investment reached $100,000, and continued to climb higher. "We woke up the next morning and it doubled. We were like, 'Oh my god,' Then it went up to $700,000 and I told my brother it's going to hit a million. I kept refreshing my phone."

The very next day, the investment reached $1 million, "The day it hit a million - my mom and sister, they didn't think it was real." In total, the family's $7,900 investment is now worth nearly $9 million.

Buy at Amazon

CORIRESHA Mens Apollo NASA Patches Slim Fit Bomber Jackets Windbreaker

TodayYesterday7 days ago30 days ago
$36.98$35.99$36.98
* Prices last scanned on 6/16/2021 at 2:09 am CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:edition.cnn.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest news. Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles