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From College to Crypto Millionaire: The Cooper Turley Success Story
- With calculated and tenacious investments amid market downturns, Cooper Turley turned his first modest investments in Bitcoin and Ether into a remarkable fortune.
- Turley paid off his college debt and pushed his family into investing, significantly reducing their mortgage, using his bitcoin profits to achieve personal financial freedom.
For the University of Colorado Denver student of music economics Cooper Turley, it all began in a small dormitory. Cooper began what would become a life-changing venture into the cryptocurrency realm with an inquisitive mind and a limited budget. Seven years ago there were very few digital currencies.
Trading at over $2,000 it was Bitcoin, the first and best-known cryptocurrency. Ether (ETH), a lesser-known but potentially based cryptocurrency on the Ethereum network, cost only a few hundred dollars. Cooper collected all the money he could spare, investing it in both, knowing that these numbers could grow.
The beginning of the Cooper Turley story
Cooper knew very little about Bitcoin at the time. There was a promise, he realized, but the details were hazy shadows in his mind. However, this did not discourage him. He says:
“I was just putting in a couple hundred dollars, here and there.”
Although initially small, his investments set the stage for great wealth. Looking back on his modest beginnings, he said, “It wasn’t much at all,” regarding his early investment ventures.
A vision of blockchain music
The real sea change happened in 2017 while he was studying. Cooper discovered how the Ethereum blockchain could completely change the music business, which is linked to his academic interests. Using smart contracts To give artists more control over their music, blockchain could speed up royalty payments directly to producers.
This understanding has sparked greater curiosity about technology. Determined to carve out a place for himself in this growing industry, he noted, “From there, I fell down a rabbit hole of becoming fascinated with how the technology works.”
2018 saw Cooper graduate with a big test on his investments. The values of Ether and Bitcoin had just dropped precipitously. Cooper said, “I watched my net worth basically collapse.”
When many investors retreated at this time, he doubled down on the stock and mainly focused on Ether when its price was around $100. Cooper sensed an opportunity, even though popular opinion on cryptocurrencies was negative at the time of his bold plan.
Frontier of DeFi
His persistence was rewarded when DeFi, or decentralized finance, emerged. Cooper has jumped into this new industry, lending his digital tokens and participating in yield farming, a complicated and dangerous practice of borrowing and lending cryptocurrency. In 2018, he said:
“I saw this turning point where [Ethereum] it was a transition from speculation to actually creating usable products.”
Cooper’s career reached a turning point with DeFi Summer and Beyond 2020, which was also the year of the “DeFi Summer” phenomenon.
With billions of dollars poured into the industry during this period, DeFi technology has boomed and investor interest has followed suit. In recent months Cooper has experienced the most challenging period of his career, which has consolidated his reputation as an expert investor.
Infinite functions in cryptocurrencies
Cooper Turley currently resides in Los Angeles and works as a crypto strategy specialist for the Ethereum-based Audius streaming service. In addition to being an angel investor, he is an advisor to Variant Fund and has worked for more than 50 cryptocurrency companies.
As he reflects on his journey, Cooper sheds light on his many positions: “It’s a joke at this point that I have an infinite number of jobs in the cryptocurrency industry.”
Developing the next generation
Cooper’s successes even motivated his family. Initially doubtful, his parents made an investment of a thousand dollars when they saw his enthusiasm and his results. Their mortgage was largely paid off as this investment increased significantly.
More personally, Cooper says it was a liberating decision to pay off the majority of his student loan debt using his BTC profits. “Being able to do really interesting things in the world is just the beginning, not the end,” he reflects.
Cooper is cautious, even with his positive prediction for the cryptocurrency’s future. Experts continually warn about the possibility of a complete loss in the cryptocurrency market, known for its volatility.
While Cooper has had great financial success, his story should serve as a warning about the advantages and disadvantages of entering the world of digital currency.