World’s Richest Owners Of Bitcoin
Much has happened in the crypto space. In March 2020, Bitcoin fell 50% after the US economy tanked due to the covid 19 pandemic panic, as per Business Insider. Most investors disposed of their holding in assets for cash and treasuries. However, the price proliferated to a new high of $63 k, surpassing a market capitalization of $1.2 trillion.
The price increase saw investors rake in massive profits. As a result, twelve crypto investors joined the Forbes World Billionaire list. And many sites that focus on predicting crypto prices expect this list to even extend by the end of the year. So if you are an aspiring cryptocurrency investor, you can get some inspiration from these great men.
Richest Bitcoin Investors in the World
The crypto market is becoming a mover and shaker in the global economy. For instance, bitcoin grew almost tenfold between 2020 and 2021. With Bitcoin accounting for more than half of the entire cryptocurrency market cap, it has made some of the biggest billionaires.
Now, let’s look at the investors who top the list. Below is a list of the wealthiest owners of bitcoin. Let’s delve right in.
1. Satoshi Nakamoto
Satoshi Nakamoto is credited with inventing bitcoin. While his true identity remains unknown, he holds about 1 million bitcoins. Going by today’s price, the bitcoin founder’s bitcoin ownership is about $35 billion. This makes them the richest bitcoin holder.
Besides holding gigantic amounts of bitcoin, Nakamoto did not spend their Coinbase reward accumulated within one after the launch of bitcoin. In addition, they also own other forks. To be precise, Satoshi Nakomoto owns $650 million worth of Bitcoin Cash and over $250 million worth of Bitcoinsv.
This wealth would put Nakamoto in the top 20 Forbes billionaire list. If bitcoin heads upwards, Satoshi Nakamoto will give Tesla CEO Elon Musk and Amazon’s Jeff Bezos a run for their money.
2. Cameron & Tyler Winklevoss
The Winklevoss is a popular name in the crypto industry. If you are a sports person, you also know they emerged number six in the rowing event during the 2008 Olympics games. Their name first came into the limelight when they sued Facebook and won a settlement worth $65 million.
In 2013, the Winklevoss twins announced they owned about $11 million worth of bitcoins through the Winklevoss capital. More interestingly, it said they owned one percent of bitcoin at some point.
After that, they ventured into a crypto investment where they have been accumulating bitcoin since 2012. The twin brothers have since turned their wealth into a fortune. The 39 years olds have even gone a step further and founded Gemini, a crypto exchange platform. Additionally, they also bought Nifty Gateway in 2019. The platform deals with Non-Fungible Tokens (NFTs) such as music and art. They have also invested in BlockFi, A crypto lending platform.
With bitcoin worth $3 billion each, the brothers are certainly among the wealthiest bitcoin billionaires.
3. Tim Draper
Tim Draper is a successful venture capitalist of silicon valley. In 2014, the US marshal confiscated bitcoins from the Silk Road black market. Draper moved in and bought the bitcoin worth $18.7 million. The bitcoins are currently worth $1.5 billion. He has invested in over 50 crypto companies, including Coinbase, Ledger, and Tezos.
4. Barry Silbert
Barry Silbert is the founder of the Digital Currency Group (DCG). The conglomerate owns Grayscale, an asset management firm that controls bitcoins, ether, and other digital assets worth $44 billion. DCG also owns the CoinDesk crypto news website. According to Forbes, Silbert’s net worth is 1.6 billion.
5. Brian Armstrong
If you are a crypto trader or enthusiast, the name Coinbase definitely rings a bell. Well, Coinbase is a leading crypto exchange platform founded by Brian Armstrong. He also doubles as the CEO. Coinbase recently went public and has raked revenue worth over $1.8 billion in the first quarter. In fact. This massive fortune has multiplied Armstrong’s worth almost sixfold. According to Forbes, Brain Armstrong is currently worth $9.4 billion. Aged 37 years, he is the youngest crypto billionaire.
6. Changpeng Zhao
Changpeng Zhao has enjoyed successful crypto investment, pushing him into the billionaire club. Zhao is Binance’s founder. The skyrocketing price of bitcoin between 2020 and 2021 has boosted Zhao’s wealth significantly. According to Forbes, Changpeng Zhao is worth $1.9 billion. According to Yahoo Finance, Zhao has invested almost all his net worth in Cryptocurrencies.
7. Matthew Roszak
Matthew Roszak ventured into bitcoin investment back in 2011. His initial investments have paid off quite well. Currently boasting a net worth of $1.5 billion, the crypto evangelist also owns Bloq, a blockchain company that invests in crypto startups.
8. Chris Larsen
Chris Larsen is the chairman and co-founder of Ripple. He has about 3 billion Ripple coins and owns a 17% shareholding of Ripple Labs. Thanks to XRP token price proliferation, Larsen has increased his net worth by millions of dollars. Chris Larsen is the second wealthiest bitcoin billionaire. His net worth is $3.7 billion.
9. Michael Saylor
Michale Saylor is a serial tech investor who made a fortune from the dot-com investment. He is the CEO of MicroStrategy software firm. Michael and Microstrategy invested heavily in Bitcoin before the cryptocurrency eventually picked and made a fortune from the bitcoin boom.
Microstrategy owns 100000 bitcoins worth about $34 billion. . Micahel Saylor’s net worth is about $2.3 billion.
10. Sam Bankman
Sam Bankman is one of the youngest and wealthiest crypto billionaires. At just 29 years old. The MIT graduate boasts a wealth of $8.7 billion according to Forbes. Sam Bankman is also the founder of Alameda Research, a quantitative trading firm, and FTX, a renowned derivative exchange. His name hit the headlines when he bankrolled Joe Biden’s presidential bid with a $5 million donation.
11. Micree Zhan
Zhan is an electrical engineering graduate from Shandong University. He co-founded Bitmain technology, a leading crypto mining firm, with Jihan Wu in 2013. He is credited with building ASCI chips used by Bitmain Hardware for crypto mining. Despite his low popularity, Micree Zhan holds the most bitcoins making him the wealthiest known bitcoin investor. His bitcoin net worth is $3.2 billion.
12. Jihan Wu
Jian Wu is a financial analyst and one of the co-founders of Bitmain technologies. In 2017, Coindest Jihan Wu was ranked among the ten most influential figures in the Blockchain world 2017. He was the first person to translate the bitcoin whitepaper into Chinese. His fortune is estimated at $1.8 billion.
Some Other honorable mentions include Dan Morehead, Jed McCaleb, Li Lin, Michael Novogratz, and Mingxing Xu. Almost all the wealthiest bitcoin owners are Americans and Chinese nationals except for Satoshi Nakamoto, who is ostensibly a Japanese.
This article lists some of the wealthiest bitcoin owners. They have made it in the list of wealthiest people thanks to bitcoin growth. That said, the future of cryptocurrency is big. Another bull run will push bitcoin to an all-time high, predictably above $100000. We can therefore expect the digital token will make another set of billionaires in the coming days.