Bitcoin has grown 300 times since we invested 5 years ago: Cameron Winklevoss

Bitcoin’s Recent Surge Creates New Billionaires

Bitcoin has grown 300 times since we invested 5 years ago: Cameron Winklevoss

In the investing world, money talks. On rare occasions, however, vindication is even better than a giant mountain of cash.

Over the past decade, the true believers of the cryptocurrency revolution have turned what was once considered an oddball peanut gallery in the financial world into the next trillion-dollar asset class.

And as they count their digital coins, they're ready to take a bow.

Take Cameron Winklevoss, the cryptocurrency entrepreneur who, alongside his twin brother, Tyler, sued , claiming Mark Zuckerberg stole their idea for the social networking site. In 2012, the Winklevii took the relative pittance Zuckerberg flicked at them to go away and stashed it in bitcoin. They were mocked for years.

Two Harvard-educated rowers seeking fame and fortune in digital currencies—alongside nerds, anarchists, speculators and worse. Now bitcoin is soaring to new highs and pulling in a stampede of followers from mainstream finance and society.

As Zuckerberg has become more controversial, the Winklevii have something to say about moving on from : good riddance.

“Bitcoin has surpassed $ in market cap,” tweeted Cameron Winklevoss as bitcoin soared over $40,000 per coin, then $41,000 and beyond, on Friday. Added Winklevoss, “Makes sense that a money network would be more valuable than a social network.

” Sure, the Winklevii still have a lot of catching up to do—Mark Zuckerberg is worth $94 billion—but the bravado isn't exactly misguided: The recent surge in crypto means that Forbes estimates each of the Winklevii owns $1.

4 billion in digital assets, as of Monday morning, more than double what they were worth just a month ago.

Over the past year, the gravity-defying stock market has given most investors a reason to grin, but none are smiling wider than bitcoin holders.

While the S&P 500 has jumped 17% from the start of January 2020 through January 11, 2021, bitcoin has spiked 400% in that same time, breaching $40,000 a coin and sweeping other digital assets into its rising tide.

All cryptocurrencies are now collectively worth more than $920 billion, according to crypto research site Messari, down from roughly $1 trillion on Friday.

One key factor driving the frenzy: As Covid led the Federal Reserve to print trillions of dollars to stimulate the economy and head off a recession, investors increasingly saw bitcoin as a hedge against inflation.

Un the 2017 price rally from $1,000 to $19,000, which was driven by retail investors, the recent uptick has been propelled by large institutional investments and a proliferation of ways to buy and store crypto.

 

In 2020, payments giant Square used $50 million of its corporate treasury to buy bitcoin—an investment now valued at $161 million.

Hedge fund billionaire Paul Tudor Jones said as much as 2% of his assets were in crypto, and private equity giant Northern Trust revealed plans to make it easier for its clients to store bitcoin, ethereum, XRP, litecoin and bitcoin cash.

PayPal lets its 300 million customers buy bitcoin and spend it at any of the 26 million merchants it supports.

Along the way, some crypto investors have gotten very rich. At least five have recently crossed into the billionaire ranks, possibly quite a few more.

Using everything from publicly available digital wallets to old-fashioned reporting, we set out to identify some of the biggest winners of this latest crypto boom.

It is by no means a complete ranking but captures just how much some fortunes have soared.

All cryptocurrency values are as of January 11, 2021, at 8 am EST. For Forbes’ last cryptocurrency billionaires list from February 2018, we calculated the value of entrepreneurs’ company stakes and their cryptocurrency investments. For this list, we only included their cryptocurrency investments.

Est. cryptocurrency net worth apiece: $1.4 billion

Cameron and Tyler Winklevoss

Theo Wargo/Getty Images

The cofounders of cryptocurrency exchange Gemini, which now does about $300 million a day in digital asset trades, were among the first recognizable names to buy bitcoin.

By April 2013 the entrepreneurs, who initially rose to fame for hiring Mark Zuckerberg to build a precursor to (and later sued for stealing their idea), reportedly owned $11 million worth of bitcoin, then valued at about $120 per coin.

Assuming they’ve held on to most of those coins and their ether tokens, they’d each hold more than $1.4 billion in digital assets. (The brothers declined to comment.)

Est. cryptocurrency net worth: $1.2 billion

Matthew Roszak

Jamel Toppin for Forbes

In the late 1990s and early 2000s, Roszak worked in venture capital and as an entrepreneur (he also settled insider trading charges in 2006) before buying his first bitcoins in 2012.

Today his day job is cofounder and chairman of Bloq, a five-year-old blockchain technology startup with clients Citigroup and Discover.

Bloq consults on everything from payment processing for “stablecoins”—or cryptocurrencies pegged to a traditional currency’s value—to helping banks store digital assets securely.

Roszak has long been a crypto evangelist and recently co-led an initiative to give every member of Congress $50 worth of digital assets. Forbes estimates his crypto net worth is $1.2 billion, up from roughly $300 million a year ago. “This is going to be the Roaring ’20s for bitcoin,” he told Forbes.

Est. cryptocurrency net worth: $1.1 billion

Tim Drapper

Corbis/Getty Images

Part of the Silicon Valley-based Draper family investing dynasty, in 1985 he became a founding partner of Draper Fisher Jurvetson, a venture capital firm that has made hundreds of investments in companies ranging from Tesla to the now-defunct blood testing company Theranos.

In 2014, he says, he bought 29,656 bitcoins that had been confiscated by the U.S. Marshals from the shuttered Silk Road black market for $18.7 million (price: just $632 per coin). “Dollars are the currency of the past,” Draper told Forbes in an email.

“Bitcoin is the currency of the future. What we are seeing now is the global anthropological transition from dollars to bitcoin. Seeing this, I continue to be a HODLer and a BUYMOREer.” Draper declined Forbes’ requests for an interview.

Assuming Draper has held on to everything he bought in 2014, his crypto would be worth $1.1 billion.

Est. cryptocurrency net worth: $600 million

Michael Saylor

MicroStrategy

The CEO of business analytics firm MicroStrategy exploded onto the bitcoin scene in 2020, leading MicroStrategy to invest more than $1.1 billion in the cryptocurrency at an average price of about $15,964 (those coins are now worth $2.4 billion).

He cited concerns about the devaluation of the U.S. dollar as a result of the Federal Reserve printing trillions of dollars and is now leading an effort to customize his company’s software to analyze bitcoin data.

MicroStrategy's stock has quadrupled since it announced its first bitcoin purchase on August 11. In October, Saylor revealed that he had personally spent about $175 million on 17,732 bitcoins—today, they’re worth $600 million. Add that to his $1.

2 billion stake in MicroStrategy and we’ve got another new billionaire. “The American Dream requires that the currency be sound,” says Saylor.

Est. cryptocurrency net worth: $478 million

Mike Novogratz

John Lamparski/Getty Images

After a series of bad investments evaporated much of his wealth, this hedge fund titan from Goldman Sachs and Fortress Group has been reborn a crypto guru. Novogratz is the founder and CEO of Galaxy Investment Partners, which specializes in investing and developing cryptocurrency-related services.

In 2013 he reportedly personally invested $7 million in bitcoin, later using those assets as Galaxy’s seed funding. disclosures from September 2020, Forbes estimates Galaxy’s crypto assets are worth about $621 million, a 300% jump in four months. Since Novogratz owns 77% of the company, that makes his stake worth $478 million.

This does not include cryptocurrency he might personally own, which he declined to disclose.

Est. cryptocurrency net worth: $360 million

Vitalik Buterin

Ethan Pines for Forbes

The inventor of ethereum—the second-largest cryptocurrency network, now valued at $123 billion—has also gotten a big bump lately.

He is better known for his academic and social interest in cryptocurrency than for being an investor. But that doesn’t mean he’s a martyr for his cause.

He currently owns more than 333,000 ether, worth roughly $360 million. One year ago, those same digital coins would have been worth just $45 million.

With additional reporting by John Hyatt.

Источник: https://www.forbes.com/sites/michaeldelcastillo/2021/01/11/bitcoins-recent-surge-creates-new-billionaires/

Blog | Bitcoin Millionaires- Who owns the most bitcoin?

Bitcoin has grown 300 times since we invested 5 years ago: Cameron Winklevoss

If you have invested 100 dollars in bitcoin 11 years ago, it would have increased about 500 times in value. Bitcoin is a very volatile investment but some people believed in bitcoin’s value early on and invested in it. Many others built their career in the blockchain ecosystem and accumulated their crypto wealth throughout the years.

Let’s find out who are some of the early bitcoin and cryptocurrency adopters and the top 10 bitcoin millionaires or as the community known as whales.

Whale = A person or group that hold a large amount of cryptocurrency.

1.Satoshi Nakamoto

Satoshi Nakamoto is the pseudonymous name that the person or group who developed bitcoin uses. The true identity of Satoshi remains unknown till this day. He is the author of the bitcoin white paper and the first person who invented the first blockchain database.

It is estimated that Satoshi owns over 1 million bitcoins, worth approximately US$6 billion as of March 2020. Satoshi was actively developing bitcoin until December 2010, and disappeared in early 2011.

At bitcoin’s perks at the end of 2017, Satoshi was worth US$19 Billion, making him the 44th richest person in the world at the time.

2. Tyler and Cameron Winklevoss

Tyler and Cameron Winklevoss, famously known as the Winklevoss twins, were former olympics rowers and venture capitalists. They founded ConnectU, a social networking website, in early 2002. In 2008, they sued Mark Zuckerberg for stealing their ideas to create in 2004 and received a $65 million settlement.

The twins then started to invest in bitcoin startups BitInstant, a bitcoin payment processor, and many other companies. In 2014, they launched Germini, a cryptocurrency exchange, which allows users to buy, sell and store digital assets.

It is believed that they own almost 1 percent of all the bitcoin in existence in 2013, worth over a billion dollar.

3. Michael Novogratz

Micheal Novogratz is an ex-hedge fund manager and he was listed as a billionaire on Forbes in 2007 and 2008. He started investing in cryptocurrency before his retirement from the investment firm. He then became the CEO of a cryptocurrency investment company called Galaxy investment Partners.

Back in 2012, his net worth was about $500 million. In 2017, He mentioned that he holds 20-30% of his fortune in Bitcoin and Ethereum which he received over $250 million in profit.

It’s controversial that he said cryptocurrency is a bubble while he continues to invest in different cryptocurrency projects.

4. Chris Larsen

Chris Larsen is a business executive and angel investor who has co-founded many technology startups in Silicon Valley. He is the co-founder of Ripple, a company set out to help facilitate international payments for banks using blockchain technology. His net worth in cryptocurrency is roughly $7.5 to $8 billion dollar.

5. Joseph Lubin

Joseph Lubin is an entrepreneur, who co-founded companies such as EthSuisse, a company that aims to extend the ability of blockchain databases.

He also founded ConsenSys, a company that develops blockchain software for Ethereum’s blockchain. According to Forbes, it’s estimated that his net worth in cryptocurrency ranges from $1-$5 billion dollars.

Lubin is actively involved in developing solutions to solve the governance issue in the blockchain industry.

6. Changpeng Zhao

Changpeng Zhao, or “CZ “ to the crypto community, is the founder and CEO of the world’s largest cryptocurrency exchange by trading volume-Binance. CZ has a background in computer science. Prior to getting into cryptocurrency, he has worked for the Tokyo Stock Exchange and Bloomberg Tradebook, developing trading related softwares.

He started getting involved in various cryptocurrency projects in 2003, including taking up the role of ChiefTechnology officer for OKcoin. In 2017, CZ founded Binance and raised $15 million in an initial Coin Offering. CZ ranked third place in Forbes’ “The richest people in Cryptocurrency” list in 2018, his net worth was estimated at $1.

4 billion in September 2018.

7. Matthew Roszak

Matthew Roszak is an investor and entrepreneur. He claimed to be the first person to confer bitcoins to Richard Branson and Bill Clinton. He is a founding partner of a private investment company called Tally Capital. The company has a portfolio of over 20 projects in the blockchain space such as Blockstream, Civic and Factom. His net worth is estimated at $800 million dollar.

8. Anthony Di lorio

Anthony Di lorio is an entrepreneur and early investor in Bitcoin. He is a co-founder of Ethereum and has been active in the cryptocurrency space from the beginning.

After learning about bitcoin in a podcast called Free talk live, he bought his first bitcoin for $9.73 in 2012. He invests in other cryptocurrency such as Qtum, Vechain and Zcash as well.

Forbes estimates his net worth at $750 million to $1 billion in 2018.

9. Brian Armstrong

Brian Armstrong is a co-founder and chief executive of Coinbase, the largest cryptocurrency exchange in the US. Coinbased raised $300 million dollar when it first launched in October 2018. Coinbase has grown steadily, acquiring 8 million new users in 2019, the exchange generated roughly 2 billion in trading fee since launch. His net worth is about $1 billion according to Forbes.

10. Brock Pierce

Brock Pierce is an entrepreneur that co-founded venture capital company Blockchain Capital. The company raised $85 million in two venture funds in 2107. During the ICO boom in 2017, Pierce launched EOS and raised $700 million.

It was by far the biggest ICO in 2017. The project was marketed through Block.one where Pierce co-founded. Forbes magazine included Pierce in the “top 20 wealthiest people in crypto” in February 2018.

His net worth ranges between $700 million to $1.1 billion.

Bitcoin and Cryptocurrencies are so much more accessible than it was 11 years ago. It opens up a lot of new opportunities for the community to accumulate their own crypto assets.

If you’d to become a bitcoin whale just them, Binance Lite provides a secure and reliable cash-to-bitcoin service in Australia, through internet banking transfer or a network of 1300+ supported newsagents across Australia.

Источник: https://travelbybit.com/news/top-10-bitcoin-millionaires

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