The pair, who both started off with an investment of around $2,000 each, have achieved profit totals of six figures respectively.
Joe Ewing, 18, from Blackhall was worried that studying economics at Harvard University would be floundered by the fees, but through a combination of helpful parents, generous financial aid and cryptocurrency earnings this is no longer a worry.
Similarly, his friend, Adam Harvie, 24, from Stockbridge, who is also an independent cryptocurrency trader, is now looking towards an MSc at Imperial College London.
Adam began his interest in disruptive technologies at the age of 13 through trading virtual currencies on computer games. But he said his initial curiosity to invest came from his older brothers and father.
He said: “My two eldest brothers and father are all deeply embedded within the financial sector. Fun dinner table conversations and debates regarding potential investment opportunities were a common occurrence.”
Joe began his interest more recently at the age of 17 when he developed a keen interest in cryptocurrencies.
According to the Federal Trade Commission in the US, cryptocurrency is digital money – meaning that there is no physical note or coin.
You can transfer cryptocurrency to someone through the internet without relying on a third party like a bank.
A lot of people use cryptocurrencies for quick payments to avoid high transaction fees.
For investors, the crypto market is extremely volatile and the value of various coins like ethereum and bitcoin can change drastically within an hour.
Cryptocurrencies are seen to be the future of finance as it decentralises the monetary system.
On becoming involved in crypto trading, Joe said: “I’ve been trading since I turned 18. I remember hearing about the bitcoin bubble in late 2017 and being sceptical about the whole thing. But as I look back now that scepticism was fuelled by ignorance. The more you read about Bitcoin and cryptocurrencies, the more you understand their legitimate use purposes, and how mass adoption is almost inevitable.
“I was very fortunate to originally buy into bitcoin when 1btc was worth less than $20,000. I started just holding my bitcoin with no intention of trading, but having seen the exponential returns of some people I communicated with on platforms such as Reddit and Discord, I decided that it was time for me to hop on the bandwagon to.”
Trading cryptocurrencies since 2017, Adam became more involved recently as the opportunity for similar returns of hundreds of thousands became apparent through friends – the pair want to bring people up to speed on the opportunities out.
He said: “The best advice I can give to a budding entrepreneur is to never give up and to continue learning while taking action as often as possible. Have a clear vision and objective, stay focused, and…