Bitcoin just hit $20,000 for the first time ever. Should you invest?

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    That may not sound like that much, but year-old bitcoin millionaire Erik Finman says that's enough to invest in cryptocurrency. In an interview with CNBC Make Ithe offers this advice to other young people looking to join the crypto-craze: Invest 10 percent of your income into the top cryptocurrencies, especially bitcoin.

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    On " Squawk Box ," he likened the cryptocurrency to "monopoly money," adding, "It's just pure gambling at this point. I mean, if you want to gamble, go to Vegas.

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    Vegas is fabulous. Never before have young people been able to change economic classes so quickly.

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    Erik Finman bitcoin millionaire Finman is particularly bullish on bitcoin: He says it's currently your best bet, though he notes that another coin could eventually take the top spot. However, he predicts that won't happen for a while.

    But I think that better solution will be very obvious and will be a long time coming so you can make that switch. Once you've determined the amount of money you're putting into bitcoin, says Finman, keep it there, while still closely watching the market in case an obvious better currency comes along.

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