AN ARMY veteran who became a Bitcoin millionaire at 34 after retiring has set his sights on becoming a BILLIONAIRE in the next five years.
By educating himself on the ins and outs of trading, Kwame Stover managed to earn himself seven figures after catching onto the digital currency trend early.
But the former soldier isn't ready to call it a day just yet – as he wants to educate youngsters on crypto while continuing to stack the cash.
He taught himself about the stock market before branching out into the world of Bitcoin after his 13-year career in the army came to an end.
The 34-year-old wisely invested his military wages in virtual currency, taking advantage of the crypto craze to build up a portfolio worth over a million.
Now Kwame wants to give back after learning the basics of finance catapulted him to riches, by passing on the knowledge for others to succeed in investment – for free.
Inspired by the lack of understanding of the crypto world and his own success, Kwame is now on a mission to "pay it forward".
"Generational wealth starts with generational knowledge," the millionaire from Fayetteville, North Carolina, said.
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The finance whiz, dubbed "Crypto Kwame", created a children's book to ease youngsters into the world of digital currency.
As well as this, he created a series of online courses for amateur traders to get to grips with.
Kwame also shares a live broadcast on social media each morning, dishing out his expertise in a bid to inspire the journey of other future crypto millionaires.
He explained: "Teaching is amazing, but to see true change and growth in another person is truly an amazing feeling.
"You won’t understand this overnight, and this is not the lottery. Cryptocurrency can change your life and you can see great returns.
"But, without studying and sharpening your skills, you will not be successful."
He co-founded the Capital Gains Investment Group with Morris Benton, Elise Benton and Erica Brown to provide ordinary people with practical methods of financial management.
The 34-year-old also offers his help and services to businesses who are trying to wade through the crypto space with little information.
He regularly shares tips and tricks with his legions of followers on social media, as well as occasionally flaunting the spoils of his success – including his red Lamborghini and Hart’s C8 Corvette.
Kwame is determined to reach billionaire status in the next five years, but plans to fulfill his goal in quite an extraordinary way.
He wants to help others generate a billion with his help rather than have it in his bank account, by guiding the trading passions of others with his investment company.
5 risks of crypto investments
THE Financial Conduct Authority (FCA) has warned people about the risks of investing in cryptocurrencies.
- Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
- Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
- Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.
- Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
- Marketing materials: Firms may overstate the returns of products or understate the risks involved.
Despite Kwame's Bitcoin success, buying any cryptocurrency is incredibly risky.
With any investment, there is a risk that the value of your money could go down as well as up. That means you should only invest money you can afford to lose.
Crypto can be riskier than other investments because they are volatile and speculative – their price often rising and falls very quickly, sometimes seemingly for not reason.
Many cryptocurrencies have a short track record, making them difficult to understand and predict.
This type of investment is also not protected by the regulator which means you have no protection if things go wrong.
The UK regulator has warned that Brits risk losing ALL of their money if they invest in cryptocurrencies.
If you are considering investing in any type of crypto, do your research first and only invest money you can afford to lose.
Be wary of scams, too, as the crypto market is often a target for fraud.
Look out for fake celebrity endorsements or social media profiles pushing certain coins.
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