Last updated on March 2nd, 2024 at 10:13 pm
If you’ve heard of Cryptos, chances are you’ve heard of this name. Best known for his success with flipping and helping thousands of people invest in crypto, this 22-year-old digital entrepreneur is making waves in the crypto currency space. In a recent interview with Forbes, he reveals his origin story:
After strategic investments in bitcoin and various other cryptos in 2011, worth now over $4.8 million.
How did you decide to invest in cryptocurrencies in 2011 at the age of 11?
Jom Chung: When I was in Mississippi, US, my friend’s dad, whom I consider my father, introduced the crypto world to me; he talked about how it was going to be the future and how it was going to end Wall Street, so I always had a mentor, and I think having a mentor is super important; without one, you can’t get far.
We’re in a recession why should we bother about crypto?
Jom Chung: the recession is by far the best time to make money in crypto; all prices are down, and if we look at the history of previous recessions, crypto and stocks prices rise 10,000x after a recession; now is the perfect time to buy crypto, but with a mentor, of course.
I had gone full time learning and investing in crypto since I was 11; I woke up and the first thing I do is read about trading, investing, or crypto, while having breakfast I talked to my friend’s dad about crypto; after lunch, I studied trading; and after dinner, I researched those subjects; I always had the mindset to get rich; and then I started investing in other crypto coins as I saw how Bitcoin was rising with my mentor (dad).
Tell me about your past
Jom Chung: I was born in Panama, and my family has always struggled financially; my father divorced my mother when I was eight years old; they split up, and I was with my mother until she decided to move to the United States.
She left me with her friend’s family, from whom I was adopted, and I saw that as a blessing; I always find the positive in every negative situation, which sounds super cheesy.
Let’s do a few rapid-fire questions to give people a better idea of who you are.
What’s your favorite book?
The Art of Currency Trading by Brent Donnelly.
What’s your go-to place for the best food?
Kikis in NYC
Where is the best place in the world to vacation?
France.
What do you love to do when you’re not trading?
Basketball, music, and gaming
Is there anything else you’d like to say?
Trading can be very confusing-there’s a lot of arcane vocabulary and mechanics involved. It’s also very hard to trust most of the educational material out there… After all, if a trader develops a money-making trading strategy, he or she is incentivized to keep it to herself and not share it with others. A great, unbiased starting point is the book I mentioned above. So be careful out there, good luck, and be on the lookout for more trading content coming soon!
