Listed below are the 2021 cryptocurrency billionaires and their journeys – Analytics Perception
These cryptocurrency billionaires invested early and reaped benefits.
In 2007, the cryptocurrency was put to the test as a potential disaster. In 2021, it’s one of the hottest investments everyone has their eyes on. Back then there was only Bitcoin and today there are more than a thousand cryptocurrencies on the market. What has changed? The power and the potential that is in it.
In March 2020, the U.S. economy took a hit and panicked investors sold most of their risky assets. Because of this, the price of Bitcoin fell 50% in one day, which affected the entire crypto market. In 2021, the fallen market returned to growth it deserved, and the price of Bitcoin hit its all-time high of $ 60,000, with the total market cap of the cryptocurrency surpassing the $ 1.5 trillion mark.
Since then, several institutions and business leaders have recognized the potential of cryptocurrencies. The crypto ecosystem is evolving, and that is what these crypto billionaires can certainly vouch for.
Crypto billionaires in 2021
1. Cameron Winklevoss and Tyler Winklevoss
Net worth: $ 3 billion each
The Winklevoss twins, founders of the Gemini crypto exchange, started investing in Bitcoin in 2012. Back then, Bitcoin was trading between $ 0.50 and $ 5 in the first half of the year. At the end of December, it hit $ 13.45. The prices seem incredible, don’t they? The early investment benefit earned the siblings billions of dollars.
2. Michael Saylor
Net worth: $ 2.3 billion
Michael Saylor is CEO of the renowned software company Microstrategy. In December 2020, Saylor announced that it was buying $ 1,000 per second worth of Bitcoin. This made the news for some time as Saylor was different about bitcoins in 2013, believing that this would go up just like online gambling. That impression changed when Microstrategy bought $ 245 million worth of bitcoins between August and September 2020.
3. Matthew Roszak
Net worth: $ 1.5 billion
Roszak is the chairman of Bloq, a blockchain infrastructure company. His Bitcoin investment journey began in 2011. It was around the same time that the value of a bitcoin was equal to the rate of the USD. It soon began trading at $ 32. With its early-stage introduction, its investment is now worth more than $ 1 billion.
4. Tim Draper
Net worth: $ 1.5 billion
In 2014, Tim Draper bought $ 18.7 million worth of bitcoins. The bitcoins Tim bought were the ones the US marshals seized on the closed black market of the Silk Road. 2014 was a great year for Bitcoin. The price rose from $ 325 to $ 853 for the first time.
5. Sam Bankman-Fried
Net worth: $ 8.7 billion
The 29-year-old MIT graduate is the founder of Alameda Research and FTX exchange. He is the richest crypto billionaire to date. In 2020, he donated $ 5 million to Joe Biden’s presidential campaign and made headlines.
6. Armstrong brain
Net worth: $ 6.5 billion
Brain Armstrong is the CEO and co-founder of Coinbase, one of the largest crypto exchanges with over $ 1 billion in sales. In March of this year, he announced that he had $ 10 million portfolios in bitcoins and altcoins.
7. Fred Ehrsam
Net worth: $ 1.9 billion
Fred Ehrsam founded Coinbase together with Brain Armstrong in 2012. He left the company as co-founder in 2017, but remained a member of the board. With 6% of his stake intact, it’s roughly $ 1.9 billion that put him on the list of crypto billionaires along with his pal. Today he heads Paradigm, a crypto-focused investment firm.
8. Changpeng Zhao
Net worth: $ 1.9 billion
Binance is one of the largest, if not the largest, cryptocurrency exchanges. The exchange also has its own crypto, Binance Coin, which has a market cap of $ 53 billion. Changpeng Zhao has a stake of around 30% in the company, which makes him one of the richest crypto people.
9. Barry Silbert
Net worth: $ 1.6 billion
CoinDesk, a well-known cryptocurrency news site, is part of the Digital Currency Group (DCG), together with asset management firm Grayscale, which controls bitcoins and other crypto assets valued at $ 44 billion. Barry Silbert is the founder and CEO of DCG. This makes him one of the most powerful men in the cryptocurrency market.
10. Chris Larsen
Net worth: $ 3.4 billion
Ripple is a popular cryptocurrency making it onto the list of top cryptocurrencies. Chris Larsen is the co-founder and chairman of Ripple. He made a profit of $ 800 million as his Ripple token XRP reached new heights. He personally owns more than 3 billion XRPs and 17% of the company’s shares.
11. Jed McCaleb
Net worth: $ 2 billion
Jed McCaleb is also the co-founder of Ripple and holds 3.4 billion XRPs. In 2014 he left Ripple and co-founded Stellar Lumens. As a member of Team Stellar, he now has around 1 billion Stellar Lumens.
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