A story of 10 crypto millionnaires
Most people dealing with cryptocurrencies dream of becoming crypto millionaires, or even better, billionaires. However, getting to this level requires intelligent investment decisions, and the ability to predict future market trends correctly. While it may not be simple, at this time, there are many bitcoin billionaires and even more millionaires.
If Bitcoin and other cryptocurrencies continue to increase in value over the coming years, there will undoubtedly be a lot of people becoming wealthy, and even millionaires – small investments in the right coins yield tremendous profits in the future. Part of maintaining personal financial security in this world is to never share information about your finances with other people and never go public with it. You may never know who if the person whom you informed about purchasing 10,000 Bitcoins in 2010 is still aware of your current wealth and as such you are advised to always stay under the radar especially in light of increasing number of cryptocurrency robberies recently
Some people do prefer to share stories of their wealth though, usually for self-publicity, stories of some lucky people, with exciting tales, whose investment choices have granted them the bitcoin millionaire status and determined to share their stories with the word.
The Winklevoss Twins
Currently worth about $900 million to 1.1 billion each, Tyler and Cameron Winklevoss are two of the best-known people for their cryptocurrency network. Some months ago, the two brothers sued Facebook for stealing their idea and got a settlement of $65 million worth of cash and stock. In 2012, they decided to start investing in bitcoin for the first time. They’ve experienced much of the market, including huge value drops, like the 80% drop in 2013 which swung the market.
Later on, the twins established the New York-based exchange, Gemini, after regulatory approval. Today, Gemini is one of the few exchanges where residents of the US can go ahead and buy/sell digital assets for cash.
The Winklevoss twins are also known for investing in several other digital currencies apart from Bitcoin, especially Ethereum. Besides this aspect, they’ve even tried to get approval for the world’s first bitcoin exchange-traded fund (ETF). According to reports, some negotiations with the regulator, the SEC, are still being carried out.
In 2011, Shrem started investing in bitcoin while he was a college senior. Shortly after, the bitcoin service Shrem was using crashed, and he lost his funds. Shrem and a friend he met online, Gareth Nelson, had comparable frustrations with how long it took to purchase and sell bitcoin on exchange sites.
They developed a more user-friendly company called BitInstant. The company charged a fee for users to buy and pay for services with bitcoins at over 700,000 locations, giving temporary credit to speed up transactions.
Due to a client of BitInstant’s reselling Bitcoins bought there on an illegal marketplace for drugs, called the Silk Road, Charlie ended up spending one in Federal prison and losing much of his money to lawyer’s fees.
Since then he has grown his wealth to an estimated $45 million by investing in Bitcoin.
Barry Silbert is the CEO and founder of one of the most popular companies operating in the cryptocurrency space, the DGC (Digital Currency Group). The company’s primary purpose is to help hasten the digital currency revolution, to allow it to develop the current global financial system.
The DGC desires to make this aim a reality, by supporting and creating many bitcoin and blockchain companies. The firm is also the world’s leading business regarding the number of and value of their crypto investments.
Barry Silbert owns many other companies, including Genesis, which is a trading company for digital currencies, as well as Grayscale, which is another company concentrating on crypto-based investments. Silbert also created the Bitcoin Investment Trust, which is an ETF capable of tracking the bitcoin price.
Roger Ver is famous for his promotion of Bitcoin, and usually goes by the moniker of “Bitcoin Jesus.” Introduced to the cryptocurrency in a podcast in 2011, he instantly started voraciously consuming as much information as possible on the subject. His company, MemoryDealers.com, became one of the first businesses to ever accept Bitcoin as a form of payment. He became a zealous advocate for Bitcoin through this platform.
Although Finman is not the wealthiest cryptocurrency holder, he is well-known because of his small age, as he is just 19 years old. With this in mind, he started investing in bitcoin in 2011, after he got a $1,000 gift from his grandmother, back when he was 12 years old.
Finman believes that investing in digital assets represents one of the best and fastest ways for youths to raise substantial amounts of money.
It is understood that he owns approximately 401 BTC, which are currently worth over $4 million. In 2013, Finman made his first bitcoin sale, and got roughly $100,000 in gains, when bitcoin was $1,200. With the earnings, he launched an online education platform, which he managed to sell for 300 bitcoins.
Another bitcoin millionaire renowned his young age, Gardner is only 25 years old, yet has enough coins to be referred to as a cryptocurrency millionaire. His story started back in 2013 when a friend offered to sell bitcoin to Gardner in exchange for some cash.
After he cashed out some of the BTC he bought, the 25-year-old decided to turn most of his savings and stock holdings into cryptocurrency investments. He went ahead and launched many companies, including a market forecasting tool known as Augur, which is based on blockchain technology.
He also launched The Blockchain Education Network, a non-profit group meant to help students get jobs, but also get funding for many educational events happening on university campuses.
Kingsley Advani built his fortune last year by selling his worldly possessions like laptop, headphones and emptied his savings accounts pouring $34,000 into Bitcoin and other digital assets. As a result of the fantastic bull run we had in 2017 he turned this into “low seven-figure” sum.
Kingsley quit his job in October, and now travels the world as an “adviser and angel investor” with investments in Zilliqa, Qlink, Deepbrain, NEX, IOT Chain, AELF, Aion, Wanchain, besides his initial investments in ETH and NEO.
Known in the crypto community by some as “Ian Shillina,” Ian became renowned on Twitter in the last year as a result of his openness of sharing screenshots from his Blockfolio app which charted his rise from $100k investment up to about $6million at its peak.
Ian amassed such impressive profits by creating a “money ball” approach to ICO investments which he made public in a Google docs spreadsheet. In his spreadsheet he shared which ICOs he was investing in along with ones he passed on, allotting a points system based on things like development team, advisors and whether they had a valid prototype.
That’s right – who would’ve realized that the famous rapper is a bitcoin millionaire? Well, according to 50 Cent, it took him a while to discover that he owns almost 700 BTC, worth over $7 million today. 50 Cent became one of the world’s first artists to accept bitcoin as a means of payment for his latest album in 2014. The rapper left his coins untouched for an extended period and only discovered them recently.
The 700 BTC raised from the sales of his Animal Ambition album were worth about $660 each at that time, therefore adding up to a total of $460,000 earned in album sales.
You might have heard about Satoshi Nakamoto, who is well-known in the industry as the creator of bitcoin, and owner of approximately 980,000 BTC. Acknowledging the current value of the cryptocurrency, Satoshi Nakamoto is not only the wealthiest crypto personality but also one of the wealthiest people in the world. At this point, the funds he/she possesses are worth about $10 billion, yet back when BTC was valued at $20,000 a piece, Nakamoto had a fortune of more than $20 billion.
A fact worth noting is that Satoshi Nakamoto is only a pseudonym, as the real name of bitcoin’s inventor remains a mystery. Also, people aren’t even sure if the name refers to a single individual or a group of people. Notwithstanding, Nakamoto is responsible for designing the cryptocurrency and its original implementation. He was actively connected to bitcoin development until December of 2010.