Dubbed an academic failure, this Briton became a Bitcoin multimillionaire

• Scott Ryder was looked down upon for failing in school, with many of his teachers throwing him out of class, and even when he stayed in, he barely learned a thing.
• He got into crypto back when Bitcoin was going for $300, and since then, he has become a multimillionaire who now spends most of his time traveling.

Crypto is the land of opportunity, and for one British man who was dismissed when he was young as an academic failure who wouldn’t amount to much, this statement rings true. Scott Ryder was looked down on as a kid as he wasn’t very good in class, but he is now a Bitcoin multimillionaire who spends most of his time traveling the world.

Now 34, Scott tells Mirror that he always found conventional education to be boring and admits that he was a “disruptive, lazy and unattentive pupil”. The only subject he had a slight interest in was mathematics as he had a big fascination with stock trading and the money market.

I just knew that at least 70% of the stuff they teach you in school is totally pointless. I was ready to leave when I was 13 and start work. I couldn’t see the point of being there until I was 16 – it was a waste.

As with any other young person who doesn’t excel in class, Scott was written off as someone who wouldn’t amount to much in life. After doing rather poorly in his GCSE, he got a job as a laborer on building sites, a job he says he “wasn’t really good at.”

And then, during a trip to Ibiza, on which he spent all the money he had saved, Scott met a group of traders who changed his whole outlook on life. He got started with stocks, got a job as a junior broker, and within six months, he was promoted to lead a team of 15.

Unfortunately, this wasn’t the big break for him. During the market crash of 2014, he saw most of what he had worked for go down the drain through a series of wrong bets. He lost his job and had to go back to live with his parents.

It was during this time of hopelessness that he stumbled upon crypto. He began buying and selling Bitcoin, which at the time was changing hands around $300. Getting in that early, he has been able to see his investment shoot up several multiples in value, and today, he is a multimillionaire who now has his own crypto project called Lucky Block.

He told Mirror:

There have already been steps towards recognizing it but there needs to be much more acceptance and regulation. I know this is seen as a threat by some because they see them as a rival to conventional currencies. What those people don’t realise is that it is just another medium and presents no threat whatsoever. The sooner everyone sees that the better.