The Biggest Investors in Bitcoin
Bitcoin seems to divide people right down the middle between the skeptics that say it will never replace fiat currencies, and the enthusiasts, who say that anyone who can’t see the potential of Bitcoin as the world’s future currency are purely luddites. This latter group has some particularly interesting people in its ranks. We look at just a few of them below:
The Winklevoss Twins
You might remember the Winklevoss Twins as the twin brothers played by Armie Hammer in the 2010 movie, the Social Network. After reaching a settlement with Mark Zuckerburg over their claim to Facebook, the twins invested wisely, putting about $11m of their money into Bitcoin in 2013 – making their investment worth somewhere around $250m at current prices.
As one of the founders of the Digital Currency Group, Silbert was always likely to be enthused by what Bitcoin had to offer. After Bitcoin suffered a drop in value in 2014, many became skittish about its investment potential, but not Silbert: he bought up close to 50,000 coins at a low of around $350, making him…well…wealthy and an obvious proponent of the cryptocurrency.
Tony Gallippi is one of the founders and current chairman of Bitpay, one of the leading Bitcoin processors. His share is thought to be close to $20 million, having invested early and stayed in the market long after many of his fellow first movers decided to cash out prematurely.
As we’ve mentioned before, very little is known about Satoshi Nakamoto, aside from the person or group of people being the undisputed inventor of Bitcoin. What is clear, however, is that the shadowy individual behind the name is probably the biggest holder of Bitcoin out there. By some estimates (and they are estimates because of the secretive nature of who holds what), Nakamoto could hold as many as a million Bitcoin. At current prices, that would make him/her worth around $15bn.