Every year more and more people are getting rich with cryptocurrencies and Bitcoin (BTC). So how do they achieve this? A large percentage of people who are new to the crypto industry are investing in crypto to earn millions of dollars in a matter of days. Those who have been lucky enough to make a lot of money with SHIB or DOGE in the past are exceptions that many initially do not understand. Normally, wealth is accumulated with a lot of effort, knowledge and discipline. However, the crypto industry is no exception.
Who are these Bitcoin billionaires?
There are many entrepreneurs in the crypto industry who have saved a lot of money over the past few years. In this list, we will categorize them. Here are some of them:
- Matthew Roszak: Net worth is $1.5 billion. Yes, I know you may not have heard of him before, but he was one of the few lucky people who discovered Bitcoin in 2011 and believed from the very first moment. He is currently the chairman of Bloq, a web3 infrastructure company.
- Michael Saylor: Net worth is $2.3 billion. If you follow the biggest influencers on Twitter, you’ve probably heard of it. He and Nayib Bukele are in the limelight for their purchases when Bitcoin is at bargain prices.
- Tim Draper: His net worth is $1.5 billion. He is a VC investor who discovered Bitcoin 3 years after Matthew Roszak (2014).
- Cameron and Tyler Winklevoss: Net worth $3 billion each. People in the crypto market know them as the CEOs of Gemini Exchange.
- Sam Bankman- Fried: Net worth $8.7 billion. The 29-year-old MIT graduate founded Alameda Research, a quantitative trading firm, and the popular derivatives exchange FTX.
- Brian Armstrong: Net worth is $6.5 billion. He is the current CEO and Co-Founder of Coinbase, one of the leading US crypto exchanges.
- Changpeng Zhao: Net worth is $1.9 billion. As we reported on Kriptokoin.com, CZ is the current CEO and Co-Founder of Binance, the largest crypto exchange in the world.
- Vitalik Buterin: Net worth is $21 billion. Co-founder of the Ethereum Foundation.
Who is the richest Bitcoin billionaire?
The person holding the most Bitcoins is none of the ones we described above. They keep their money not only in an altcoin portfolio, but also in companies. And no, their money is not sleeping in a bank account. This is the sum of the value of all their assets. Doesn’t it make a lot of sense that the person with the most Bitcoins is the one who started the project? That name was Satoshi Nakamoto. Satoshi holds between 750,000 and 1,100,000 Bitcoins.
Crypto billionaires stand out for their philanthropy
Many billionaires around the world tend to give their money to NGOs to solve more problems than they can solve on their own. For example, Warren Buffet, Bill Gates and Michael Bloomberg are some of them. Now we have crypto billionaires who also do philanthropy. This is the case of Sam Bankman-Fried. Fried founded the FTX Future Fund, which has raised $100 million to date. Furthermore, Vitalik Buterin has made a very generous donation of $1 billion to an Indian COVID-19 relief fund, among other charities. So what were the differences between crypto donations and traditional donations?
Historically, donations have often been made through NGOs. For example, Unicef, Doctors Without Borders, Greenpeace and Red Cross are some of them. This means they have control that can be easily overseen by the authorities. This is not available for crypto donations. However, Rhys Lindmark, CEO of Roote, a nonprofit startup studio, has predicted that by 2025-2030, 20 percent of worldwide billionaires will come from the crypto ecosystem. If the price of Bitcoin reaches $200,000, we will have 400 BTC and 200 ETH billionaires.
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