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From sleeping on a beach to investing in 3000 bitcoins for $1 each, Hitesh (Neel) Patel found himself wealthy almost overnight when the value of each bitcoin skyrocketed to $19,000 each. His interest in cryptocurrency was just the beginning for him. He now owns his own Forex Investment firm and develops apps from blockchain technology and is developing a blockchain-based social platform that will transform the way people invest.
Neel’s journey to the top of the technology industry began in India. He was born in the state of Gujarat in a small village called Akhaj, and after studying to be a pharmacist in Bangalore, he switched to computers, his true passion. Seeking a career in technology, he moved to Malaysia and then Singapore in 2009.
“My road to being a successful entrepreneur has been memorable, to say the least,” says Neel, remembering. “In Singapore, I had no money even to pay rent. I used to sleep on a beach. I got back on my feet and was able to buy 3,000 bitcoins by paying $1 for each without knowing the future of the coin. As we all know, however, it was a jackpot in 2017 – Bitcoin hit $19,000 each, and I sold mine so that I could start Investing in different businesses.”
Today, that investment has paid off. Neel owns his New Jersey firm NY WOLVES LLC as well as Squeaks Technology Services Pvt. Ltd., his technology company that is developing Squeaks Social Media and Messenger based on blockchain technology.
Neel’s passion is helping people succeed with investing. He is proud of the way his firm has educated and supported a number of people that have generated a second income with. “Financial trading done the right way can make anyone earn a good amount of money even if they are staying at home. For example, in a situation like COVID-19, when millions lost their job, if you were traders, you could have kept working for yourself at home by using your computer for trading. It’s this kind of self-sufficiency that I try to help my clients attain.”
Neel is very optimistic about the future of the technology he is creating. “The crypto-based social media and messenger service that I am developing will have its own coins and BTC and ETH wallets. I see huge potential for this because the future is for digital currency and digital transactions, which will cut all transaction costs and facilitate banking services to millions of unbanked customers. The technology behind crypto currency and blockchain will connect billions of people with the modern banking system just by using a mobile phone.”
Neel believes that blockchain technology will make doing business easier across many industries and will innovate solutions to long-standing problems. “Blockchain technology development will rise in the near future, and its digital tokens will facilitate everything from banking to real estate to accounting. Blockchain peer-to-peer technology can also be used to cut huge server and storage costs for many applications and lower your dependency on a third-party cloud system. Blockchain can also be one of the most secure and privacy-protected technologies for the new generation, who are concerned about their online privacy.”
Neel says his success didn’t come easy though, but he never gave up. The success he built for himself he uses to help others. One of the biggest challenges in this area is the disbelief in cryptocurrency. The naivety of those that have accused it of being a scam or fake has made it a little difficult, but Neel has a humor about it, “even Galileo was kept under house arrest until his death, but we still couldn’t stop science and technology from progressing, right?”
