IJmuiden – Students from the upper years at Vellesan College received a presentation on cryptocurrencies on Wednesday afternoon. The school had invited Rogier van Kuijk to this. He is a crypto expert and founder of the internet platform ‘A Richer Life’, where he gives advice on how to grow your wealth. The students were given an explanation in three groups about the origin of cryptocurrencies and about their uses now and in the future.
By Raimond Bos
Many dream of becoming a millionaire, but few succeed in achieving that goal. For Rogier van Kuijk, it was already established at a young age; he did not want to have to work until retirement age. Financial independence was his main goal, and he wanted it, among other things, through smart investment. Already at the age of nineteen, he knew, “I want to be a millionaire.” Eight years earlier, he had in a way already laid the groundwork for it, for as an 11-year-old he began investing. Van Kuijk thus followed in the footsteps of his father, who has also invested almost his entire life. After graduating from high school, he decided to study technical informatics and then worked in the IT sector for about sixteen years. He earned his HBO diploma in 2009, the year bitcoin was launched. A cryptocurrency that at the time was worth a few euro cents, but currently more than forty thousand euros have to be paid. Bitcoin has become worth more than four million times as much. Imagine if you had invested one euro in bitcoin in 2009, you would now have more than four million euros in your bank account, “he explained to the students on Wednesday.
The origin of cryptocurrencies
He asked his audience, students aged fourteen to sixteen, if they already knew exactly what they wanted to be when they grew up. Only a few of the approximately one hundred and twenty in attendance held out a hand. “It’s okay if you do not know yet,” Van Kuijk continued. He explained: “The road will unfold by itself.” Then he would know which of the students is already doing something with cryptocurrencies. A few hands went up here and there, maybe five to ten percent of the participants already had cryptocurrencies themselves. For the majority of those present, it was unknown territory, so Van Kuijk focused in particular on the reason for the creation of cryptocurrencies: “It is a way of making a transaction without the intervention of a third party, such as a bank. Banks often charge high Suppose your parents live in a developing country and you want to transfer money to them, then it can sometimes happen that you transfer one hundred euros and that your parents only get sixty euros, due to the costs charged You do not have the high cost of cryptocurrency. “
18,500 different cryptocurrencies
That the development of this virtual currency has exploded is clear from the fact that there are now about 18,500 different cryptocurrencies. “Most of them are really elaborate,” says Van Kuijk. He continued: “They get hyped, then you buy them, but they are worth nothing. Then you lose your money. ” What cryptocurrencies would he advise if it must not be bitcoin or ethereum, a student would know. Van Kuijk gave no concrete answer. He explained: “I can not recommend a particular cryptocurrency because I am not a financial advisor. I look at the potential of certain cryptocurrencies. I am aware of this on my platform ‘A Richer Life’. But if you want to invest money, do not bet all on cryptocurrencies. That’s very unwise. And always invest only with money that you can afford to lose. ” You can buy cryptocurrencies on an exchange. There are quite a few now, and not all are equally reliable. Does Rogier van Kuijk have a recommendation for this? “Take a look at Nederlandsche Bank’s website. They have a register which includes a number of Dutch stock exchanges. If you work with a stock exchange registered there, it provides some protection.”
When the presentation is over after 45 minutes and all questions have been asked, the students leave the room. Did they learn anything from it? “No, what he said, I already knew,” says one of them. Another responds: “No, I still do not understand at all.” A couple of students sign up in a short line to exchange thoughts personally with the speaker. One of them is Summer. Since it’s her turn, she apologizes with the words, “Maybe it’s really rude for me to ask.” And then she asks the question that has haunted the reporter for several minutes, but the mad Enough had not yet come from the floor: “Are you a millionaire?” Van Kuijk answered the question with: “Maybe.” question sufficiently. “I take that as a yes,” she stated. An important fact for her, because: “If he was not a millionaire, then I do not think his story is reliable.” Will she do anything with cryptocurrencies herself? ,,Maybe yes. My brothers are already working on it and my mom finds it very interesting too. Yes, it’s about the money! “
From fabric to digital
Rogier van Kuijk’s presentation took place in the context of National Money Week, an initiative of the Money Wise platform. This week’s theme this year is ‘From duku to digi’ and with good reason; the world is becoming more and more digital. Online stores are always open, more and more children are getting their pocket money digital and young people are paying with their mobile phone. It is therefore important to inform young people properly about money matters. The word ‘duku’ is slang for money and has its origins in Surinamese culture. The word became especially famous in our country when rapper Def Rhymz used it in 1999 in his number 1 hit ‘Doekoe’ and has since been used mainly by young people. With the presentation of Rogier van Kuijk, Vellesan College hopes to make students more aware of the impact that cryptocurrencies will have on society in the years to come.