The cryptocurrency industry has made rapid strides over the past few years. It’s been just over 10 years when the first bitcoin was ever launched, and today millions and billions of people are dealing in it.
Though the rate of Bitcoin has never been stable, it has always been high! As we create this article, the price of 1 bitcoin continues to hover around $9000. It means you need to own just over 100 bitcoins to be called a millionaire!
No doubt, the early movers in the cryptocurrency industry have ended up gaining big-time. There are several business personalities, entrepreneurs, and investment honchos who have become millionaires, thanks to their dealings in bitcoin. And guess what? We call them Bitcoin Millionaires! In this article, we introduce you to the 5 richest Bitcoin millionaires of the world and share their stories.
You invent a whole new currency and own billions of it overnight. How interesting is that! Satoshi Nakamoto, the mysterious inventor of Bitcoin has done just that.
It is interesting how Satoshi has managed to keep his identity a mystery all these years. There are speculations and claims about his identity, however, what has raised more eyebrows is his incredible wealth lying in Bitcoins.
As per the information available in the public domain, Satoshi owns more than 9,80,000 BTC. That converts to more than $9 Billion at the current rates, making Satoshi not just a Bitcoin millionaire but a Billionaire.
The American venture capital business Digital Currency Group, which specializes in cryptocurrencies, was founded and is led by Barry Silbert. He entered the world of Bitcoin back in 2014, with an investment of $17 million, buying him 48,000 bitcoins.
Today, his investment has multiplied many times to make him the owner of more than $400 million. Barry Silbert is a classic example of how the right investment made at the right time can turn one’s fortunes.
Tyler and Cameron Winklevoss
No list of richest bitcoin millionaires can be complete without talking about Tyler Winklevoss and Cameron Winklevoss, the twin brothers from America, popularly known as Winklevii. After all, this is one is such an interesting story of grit, determination, and smart investing.
The brothers are identical twins and have always been in the limelight. Earlier they rowed in the Olympic Games, but their fortunes took a greater turn when they sued Mark Zuckerberg, Facebook’s founder, for stealing their idea for a social network.
The best part of the story? They invested the $65 million that they got from the lawsuit in cryptocurrency along with opening their own Venture Capital firm dealing in Bitcoins.
Today, the brothers are amongst the richest Bitcoin billionaires of the world, claiming to own about 1% of the world’s Bitcoins. To their credit, they have also founded Gemini, one of the world’s leading crypto exchanges, and have got a book written on them. It’s by the very title – “Bitcoin Billionaires’!
Roger Ver’s is yet another rags to riches story from the cryptocurrency industry. Digest this – There was a point when Ver was sentenced to 10 months in jail for selling explosives through eBay! In fact, he had been denied entry into the United States.
Fast forward to 2011, when Ver claimed to have discovered Bitcoin! He invested in a number of emerging companies and startups focussed in the cryptocurrency industry, which include Kraken Exchange, Ripple, and BitInstant.
Ver is also one of the founders of the Bitcoin Foundation. Recently, he has been working on promoting Bitcoin Cash, another cryptocurrency that has emerged from Bitcoin. His wealth in the form of Bitcoins and other cryptocurrencies is currently estimated to be more than $500 million.
Joseph Lubin, a Canadian cryptocurrency mogul is the co-founder of Ethereum – the world’s second most valuable blockchain protocol. He says to have been inspired by Satoshi Nakamoto and has made remarkable strides into the world of cryptocurrency.
Joseph is also a serial entrepreneur and has founded and co-founded several companies over the years. Currently, Joseph Lubin’s net worth in cryptocurrency is between $1 billion and $5 billion in projected value.
The Bottom Line
This list contained only the 5 leading Bitcoin Millionaires of the world. However, there are hundreds and thousands of individuals around the globe, who have grown their wealth by leaps and bounds, by trading in Bitcoin.