An enormously successful investment saw this mum quit her day job. Now she’s teaching the rest of her family how to do it.
A mum who quit her job and invested a $5500 paycheck in cryptocurrency now claims she rakes in as much as $110,000 every trade.
Until this year Brenda Gentry was working 9am-5pm as a mortgage underwriter until she started making money trading crypto, The Sun reports.
Today Ms Gentry owns a crypto and NFT consulting firm with her daughters Cynthia and Imani called Gentry Media Productions.
The American mum is known on Twitter under the username CryptoMom and boasts a follower count of 23,000.
Although Ms Gentry first heard about bitcoin in 2009, she never considered it as a serious investment opportunity.
But the 2020 crash in the mainstream market changed her opinion because she saw how it impacted people.
So Ms Gentry thought she had nothing to lose by investing in ethereum and bitcoin.
She told Business Insider: “It opened my eyes. And I decided I needed to take matters into my own hands. So yeah, when the market tanked last year, I invested heavily [in crypto].”
At first she said she invested small amounts but kept her day job.
But in the first quarter of 2021, she began investing larger amounts.
Meanwhile, both of Ms Gentry’s daughters were already involved in crypto communities.
Ms Gentry began to join some of these communities too, mainly through Telegram groups.
Her first big success was a project called Bundles Finance (BUND).
She dollar-cost-averaged in when the crypto was trading between US$1.53 to $4 over two months beginning in December 2020.
It skyrocketed to more than $41 in April of 2021 — a 2000 per cent return.
Soon she had a steady monthly flow of income, she left her nine to five job and can make as much as $80,000 per transaction investing in crypto.
This article originally appeared on The Sun and was reproduced here with permission.