Bitcoin, since its launch to the public in 2009, has generated a constant buzz. With the potential to offer an impressive amount of gains, traders and investors have been enticed by Bitcoin trading. It is a thriving virtual currency and has crossed the market capitalization of $1 trillion in 2021. With its fair share of ups and downs, Bitcoin has sustained and is now a successful digital currency.
It is vital to keep in mind that Bitcoin, back in the day, was under rigorous scrutinization. Those who invested in it in the earlier days really took a gamble. Fortunately, it paid off, and now they are millionaires due to the wise decision they took a few years ago.
Check out the top ten Bitcoin Millionaire Investors!
1. Blythe Masters
When it comes to women making a name for themselves in the world of digital currency, you can’t help but include Blythe Masters in the same conversation. Previously an executive at J. P. Morgan, Blythe was also the CEO of Digital Asset Holdings.
The company produces processing tools based on encryption for securities trading. Though Masters did step down from the position in 2018, she is still a shareholder strategic advisor and an imminent member of the company.
2. Michael Novogratz
Formerly serving crucial executive positions at Fortress Investments, Michael Novogratz is now one of the most influential crypto investors. He is presently the CEO of Galaxy Investment Partners, which is a digital currency investment firm.
Novogratz is also known for making crypto predictions. He forecasted a whopping increase of Bitcoin value to $40,000 by the time 2018 comes to an end. In 2017, he declared that Ethereum and Bitcoin made up 20% of his entire wealth.
3. Cameron and Tyler Winklevoss
Have you ever heard of a more successful brother-duo in the world of cryptocurrency? Cameron and Tyler Winklevoss founded Winklevoss Capital Management in the year 2012. Then, in 2014, they established Gemini. It is the first-ever regulated virtual currency exchange platform that enables users to buy, store and sell digital assets.
Though their exact net worth is unknown, the twins claim to have possession of around 1% of the Bitcoins circulating around.
4. Barry Silbert
Lovingly nicknamed “The King of Crypto”, Barry Silbert is the founder and CEO of the Digital Currency Group. The company aids other cryptocurrency start-ups to grow and expand. As of now, DCG has invested in more than 125 companies related to Bitcoin. These are – Xapo, CoinBase, Bitpay, etc.
Recently, DCG has made some new acquisitions. These include CoinDesk, Bitcoin Investment Trust, Genesis, Grayscale and many more. He is one of the leading crypto investors in the global with millions in net worth.
5. Erick Fineman
Can you imagine investing in Bitcoin at the mere age of 11? You heard it right! Erick Fineman asked his grandmother for $1000 as a loan, and with some help from his brother, financed in 2011 when Bitcoin value was only $12. By the time 2013 came to an end, the Bitcoin value increased to $1200, and he became significantly rich.
Now, Fineman boasts of being an 18-yeard-old Bitcoin millionaire. He is involved in various projects, including one with NASA and was said to be an investor of Bitpal app.
6. Dan Morehead
Formerly a trader at Goldman Sachs, Dan Morehead is definitely one of the most notable Bitcoin millionaires. He was also the CEO and head of macro trading at Tiger Management. Then, in 2008, he established the Pantera Capital Management LP.
The company is solely focused on Bitcoin, and as its CEO, Morehead is actively associated with the business. With the company's first-ever crypto fund launched in 2013, it is now one of the biggest institutional investors in digital currencies.
7. Brian Armstrong
After briefly working in Airbnb and Deloitte, Brian Armstrong co-founded Coinbase in 2012. Now, the cryptocurrency exchange platform is one of the most popular ones in the industry. Here, you can purchase and sell digital currencies. The platform now boasts of a daily trading volume of more than $3 billion.
Reportedly, Armstrong owns 20% of the exchange platform and is increasing his net worth significantly each year. Moreover, he is an ardent support of virtual currency and believes in the freedom of having a transparent financial system.
8. Changpeng Zhao
With an exiled father from China and an enormous struggle to help his family, Changpeng Zhao was immersed in the world of digital currency in 2013. He worked on different cryptocurrency projects like OKCoin, Blcokchain.info, etc. Before that, he was a software developer.
Later, in 2017, he launched Binance, a digital currency exchange platform. In less than a year, Binance attained the status of being the platform boasting of the highest trading volume.
9. Jed McCaleb
One of the revolutionary personalities that spearheaded the beneficial aspects of Blockchain technology is Jed McCaleb. His achievements include the launching of three different digit currency companies. Firstly, he founded Mt. Gox. Then, he became a co-founder of Ripple in 2021. His latest venture, Stellar, of which he is CTO and co-founder is highly successful.
Reportedly, McCaleb owns 3.4 billion XRP (Ripple’s token) even now. This has evidently increased his net wreath to a great extent.
10. Michael Saylor
His strategic entry into the world of cryptocurrency has earned Michael Saylor a name on this list. Known famously as the co-founder of MicroStrategy, which is a software firm, Saylor also heads it.
With the intent to explore Bitcoin and use it as an alternative and reliable asset, Saylor made a monumental decision. He invested more than a billion dollars in Bitcoin to acquire 70,470 Bitcoins in December 2020. On a personal note, he purchased 17,732 Bitcoins, now worth around $650 million.
These are the top ten Bitcoin Millionaire Investors. However, there are many more that you can find with a quick search on the web. It is admittedly true that Bitcoin has made many investors and traders millionaires. With that said, it is crucial that you understand the risk and volatility of the market before you dive in. It is understandably tempting when you hear the tales of these successful entrepreneurs. However, you must research the market, understand it intimately and then make a well-informed decision.