Max Urbahn- Max Urbahn, a college student at the University of Connecticut, invested the bulk of his earnings from his summer internship into cryptocurrencies.
- Urbahn invested just over $2,000 into Ethereum and two smaller alternate cryptocurrencies and made an enormous profit.
When Max Urbahn, 21, decided to invest 80% of his earnings into cryptocurrencies last summer, his family and friends immediately attempted to dissuade him. His father, a savvy investor and business executive who shepherded several companies through their initial public offerings in the past, felt the decision was utterly ludicrous.
"When I told my dad, he said, 'Max, you're a f***ing idiot,'" Urbahn said in an interview with Business Insider. Urbahn had recently started an internship in business and product development at Social Rank, a social media management site based in New York, and was earning a lean stipend of $500 a month. During the summer of 2017, he commuted to the city several times a week from Connecticut, where he lives at home with his parents.
"I have the luxury of being able to live at home [with my family]," Urbahn said. "A lot of kids are in debt in college, and it's a little bit easier for me because I'm in a state school and I have cheaper tuition." With no immediate need for his paycheck, Urbahn turned his eye towards investing.
No comments:
Post a Comment