Birmingham's Self-Made Crypto-Millionaire Contributes To The Community

To give back to his community, a 20-year-old who made millions trading cryptocurrencies plans to start a food bank.

Hanad Hassan put $50 (£37) into a cryptocurrency last year, and it was worth $1 million (£738,000) in three months.

He subsequently dropped out of university to concentrate on field trading and became a multi-millionaire.

Mr. Hassan now want to put his fortune to good use by assisting others.

More than £200,000 has already been spent on causes through a cryptocurrency he created to help charity, and he hopes to utilize more monies earned by his currency to realize his foodbank plans for his hometown of Birmingham.

Mr Hassan recognizes that, despite his success, investing in cryptocurrency is not without risk. Cryptocurrencies are vulnerable to hacking, and Bitcoin prices dropped $5,000 (£3,690) in January as a result of comments from the US Federal Reserve.

He has only experienced success thus far, reaching 20 with a net worth of about $8 million (£5.9 million).

Mr Hassan was working two jobs at the start of 2021. He would give some money to his parents, with whom he was living in Birmingham's Acocks Green neighborhood, at the end of each month, and the remainder he would invest in Bitcoin.

Mr Hassan's financial journey began when he was 19 years old. "Fifty dollars turned into $500 (£369) three days later," he said. "It was $5,000 (£3,690) two days later."

He claimed he contacted his parents to discuss what he should do, but his investment had more than doubled in value during that half-hour talk.

"It was insane money," he remarked, adding that he resolved to become a millionaire while still a youngster.

Mr Hassan has since indulged in a few extravagances, including a £30,000 Mercedes and a city-center flat. "I don't want to be treating myself too much," he remarked, "I prefer spoiling my friends and family."

This hasn't always been the case. Mr Hassan and his five younger siblings were born in Somalia, but his family left the African country to build a better future for them. He arrived in Birmingham at the age of 14 and characterized himself as being from a "modest" family.

Omar, his father, said: "I attempted to relocate my family to a better location in order to provide them with a better life than we had. Life in Somalia was nothing like life in the United Kingdom. There were many battles and fighting going on, and it was not a safe place to raise your children."

Mr Hassan says that he now only needs to trade for roughly two hours per day.

Despite his enormous fortune, Mr Hassan is aware of the plight of others. He and his friend Ahmed Mohammed created a unique cryptocurrency, with all revenues going to charity. This has amounted to more than £200,000 in less than a year.