At the age of eighteen, Kiarash Hossainpour had already amassed millions of dollars through his early investments in Bitcoin and his coding skills. Now living a life of luxury thanks to his financial independence, he focuses on cryptocurrency investments and runs a popular YouTube channel. For a glimpse into his affluent bachelor lifestyle, one need only follow him on Instagram, where his 22-year-old fan base is awed by his collection of expensive watches from Richard Mille and Audemars Piguet. His garage is home to Lamborghinis, Porsches, and Rolls-Royces, fulfilling the dreams of any car enthusiast. His closet is filled with designer names like Gucci and Prada, and his dining experiences are equally extravagant, with frequent visits to opulent restaurants in Dubai where he indulges in caviar and truffle spaghetti. However, despite appearances, it is Bitcoin that is the true source of his wealth.
Hossainpour is part of a new generation of Bitcoin millionaires, many of whom have more money than top fund managers. How did he amass such wealth at such a young age? It all started with his passion for programming. At the age of ten, his father, who was also a programmer, encouraged him to get his first computer and learn programming instead of playing games. Inspired by success stories of young tech entrepreneurs, his father pointed out that two 20- to 30-year-olds had built YouTube and become millionaires. This motivated Hossainpour to try his hand at it.
Taking his father’s advice to heart, Hossainpour started programming after school and discovered WordPress, a tool for building websites. Through his participation in gaming forums, he realized that users were looking for personalized webpages, and he began building them for an average fee of $34 (€30) each. This became his way of making a living. As he honed his web creation skills, he found even higher-paying opportunities on the deep web, where he would receive payment in Bitcoin instead of euros. Little did he know that the Bitcoin he earned back then would be worth more than $66,000 now.
His interest in Bitcoin grew when he saw its value skyrocket in 2013. After reaching $1,000, the cryptocurrency increased eighty-fold by the end of November that year. At the age of 14, Hossainpour realized that he could have had a few thousand euros if he had kept his earnings in Bitcoin. This led him to delve deeper into Bitcoin and its potential.
In addition to his programming endeavors, Hossainpour started a YouTube channel called “Kyle Hoss” when he was sixteen, which quickly gained popularity. With nearly 500,000 subscribers, he uploaded entertaining videos featuring culinary challenges and reaction snippets. Despite its success, he eventually decided to end the channel. However, the revenue from his YouTube channel allowed him to invest around $45,000 (€40,000) in Bitcoin six years ago. He went all-in, and his bold decision paid off, making him a millionaire by the time he turned eighteen. He described it as a wild and crazy journey, comparing it to getting rich quickly with a cheat code.
When Hossainpour’s parents discovered that their son had become a millionaire at the age of 18, they were both shocked and surprised. Their main concern was that his fortune was in cryptocurrencies, as they valued academic education highly. However, considering their own decision to leave behind their prosperous Iranian family and start a new life in Germany based on their own achievements, they were ultimately content with Hossainpour’s success.
Currently, Hossainpour manages a new YouTube channel called “Hoss,” dedicated solely to the cryptocurrency industry. He also runs a private equity firm with two friends, where they invest their own capital. Spending their days immersed in the crypto market, Hossainpour is not affected by the volatility of Bitcoin. He believes that youth is the ideal time to take risks, especially without major responsibilities like marriage or children. He takes a conservative approach to his investments, focusing solely on cryptocurrencies and steering clear of stocks and ETFs. He holds substantial amounts of Ethereum and Bitcoin, as well as investments in lesser-known cryptocurrencies like Luna and Solana. Emphasizing his caution, he acknowledges that most small coins hyped up by the market eventually fall back to zero.
Thanks to his cryptocurrency fortune, Hossainpour has achieved financial independence at a young age. He purchased his first car, a Ferrari 488 Spider, for over $227,000 (€200,000). Although challenging to drive due to its power and rear-wheel drive, he has no regrets about the experience, despite damaging numerous rims. His current car is a Bentley Continental GT, which he finds more comfortable and relaxed.
In conclusion, Kiarash Hossainpour’s journey from a young “nerd” with a passion for programming to a millionaire through Bitcoin investments is a testament to the potential of cryptocurrencies. His story serves as an inspiration to other young individuals to pursue their passions and take calculated risks in the world of digital finance.