Profile: crypto millionaire Cooper Turley

Let’s get right to it: Cooper Turley is an inspiration. 

He’s a 25-year-old crypto millionaire who took five figures of his own money and turned it into a portfolio worth over $1 million. One of the interesting aspects of the cryptocurrency markets is that it is minting millionaires—and even billionaires at an incredible rate. It’s one of the reasons that so many younger investors are more interested in trading crypto than stocks. According to a CNBC survey, younger people are twice as likely to own cryptocurrency.

How did he do it? Does he have any advice he can share? Read on to find out more about how Cooper Turley researches the space, his special rule when it comes to investing, and what he thinks about NFTs.

Turley’s net worth

As you might expect, this crypto millionaire didn’t just hit a million and decide to bow out gracefully. He remains quite active in the cryptocurrency community.

When we speak about a crypto millionaire, it’s often unclear exactly how they got there. Were they already rich, and happened to have the money to make sure that they were even richer than before? Was it a random bet that happened to work out? 

What he has done is quite impressive considering that 90% of his net worth comes from the past two years. Turley is worth at least $1 million, and he’s just getting started. He points out that he’s thankful, but doesn’t really feel like he “has made it.”

The Three Sources Rule

The cryptocurrency sector has grown so quickly over the past decade that people have gotten rich with relatively little money. Some individuals put thousands of dollars into Bitcoin or Ethereum many years ago, and are now worth millions of dollars. 

How did they know? 

As a crypto millionaire, Turley does have a rule that helps him determine what to do next.

If he hears about a token from THREE independent sources, he will immediately begin researching the token…and almost always buys it. Obviously, Turley might have more high-level connections than the average person, but you can still use this “three independent source” rule to your advantage.

Bullish on NFTs

Many new investors are trying to figure out the NFT space: is it really legit? Cooper Turley believes that the NFT space will grow significantly over the next several years, and thinks that NFTs will become a more popular way for creatives to monetize their work in a digital world. 

A side note: it might be worth it to take this with a grain of salt. Turley is bullish on NFTs, but there might be a bit of a bias here. Turley was recently named one of the 50 most influential people in the NFT space, a list that includes heavyweights like Jay-Z, Gary Vee, and Beeple (the man who sold an NFT for $69 million earlier this year and helped spark more global interest). 

Does this mean that the crypto millionaire is telling you to throw your life savings at the first NFT available? Of course not. In fact, he has more advice to help you find an NFT that makes sense: purchase an NFT that understands the power of community. Turley believes that the community is actually the most valuable aspect of the NFT. 

Why did he get into crypto?

Turley was studying music business in Colorado six years ago, in 2017, when he decided that he would invest in Ethereum. He originally was interested in finding out how Ethereum could disrupt the music industry, and that’s what led to him getting more involved in the crypto world.

Unlike the typical crypto millionaire, Cooper Turley wasn’t interested in just investing and trading for profits. He genuinely became fascinated with the technology, and fell down a “rabbit hole” in terms of researching crypto, the technology behind cryptocurrencies, and the key figures in the sector. 

What’s next for Cooper Turley?

Turley makes it clear that you aren’t going to suddenly become the next crypto millionaire by taking advice from a random person on Twitter. He urges new investors to delve into the space and make some meaningful connections to find out more about new tokens and projects. He points out that in crypto, the most successful traders often give into their “gut reactions.”

He’s also not just interested in the HODL lifestyle, or figuring out the next token with potential. Turley is also an advisor to the Audius project, a blockchain-powered streaming service. The project even has its own token, the AUDIO token. He also writes a DeFi newsletter, called “This Week In DeFi,” writes for several cryptocurrency publications, and even helps curate NFTs.

If the story of this crypto millionaire hasn’t inspired you yet, consider one of his tweets. In this tweet, Turley points out that thanks to Ethereum, he has paid off of his student loans AND his parents’ mortgage for Mother’s Day. Clearly, the young man knows what he’s doing.