Top 10 Wealthiest Bitcoin Millionaires
Bitcoin, the digital cryptocurrency was hugely underground at the time of its launch in 2008. The notion of a wholly digital currency not resting on fiat was conceived before, though Bitcoin was the initial mainstream implementation of that idea. Bitcoin emerged as a global phenomenon when its value skyrocketed $1000 in 2013. Previous endorsers and investors in the currency turned into Bitcoin millionaires due to this.
Gavin Andresen – $2 million
Many people say that Satoshi Nakamoto is really Gavin Andersen though he has always refused this rumour. He was selected as Nakamoto’s “successor” in 2010. On one occasion, he was paid more than $200,000 for his contributions by the Bitcoin Foundation. He obviously acknowledged that payment in bitcoin.
Yifu Guo – $5 million
To enable Bitcoin exchanges to be processed and joined to the transaction record (called the blockchain) they must be solved with computing power. Bitcoin being peer-to-peer, users are accountable for mining. They are compensated with Bitcoins for mining. Users formerly utilized the computing power of their GPU to build up the blockchain, till NYU student Yifu Guo devised the first purpose developed Bitcoin miner. Yifu Guo founded Avalon in 2012. The firm’s miners became so famous they were sold out immediately upon production. Miners retailing for few hundred dollars were selling for several times greater. Guo abandoned the Avalon scheme after a year. Various other companies started selling bitcoin miners following Avalon; however, Guo was the earliest to turn into a Bitcoin millionaire selling such miners.
Winklevoss Twins – $11 million
Tyler and Cameron Winklevoss shot to fame following their legal tussle with founder of Facebook Mark Zuckerberg. The pair has floated many successful business endeavours, while their investments in Bitcoin solely have fetched them 11 million. The combined net worth of the twins is 400 million.
The Winklevoss twins have financed various Bitcoin based ventures. They staked 1.5 million in associate Bitcoin entrepreneur Charlie Shrem’s firm BitInstant in 2013. They designed the Winkdex in 2014, a financial index that monitors Bitcoin’s average price. The Winklevoss twins also built their individual Bitcoin exchange, Gemini in 2015.
Tony Gallippi – $20 million
Entrepreneur Tony Gallippi was among the first persons to launch a Bitcoin payment processor. The firm, Bitpay, is among the most renowned of its kind. It processes of a million dollars value of payments daily. It was also among the initial companies to enter agreements with leading retailers.
In 2014, Bitpay employed more than 80 persons. Gallippi announced he intended to enrol more than one million merchants by 2016. Generous investors and business magnates like Richard Branson, Li Ka-Shing and Jerry Yang have invested in Bitcoin.
Jered Kenna – $30 million
Ex United States Marine Jered Kenna made his beginning when Bitcoins were just 20 cents per coin. Fascinated, he invested a huge sum of money in the currency, which profited after a few years. His initial investment enterprise furnished him with sufficient funds to start several business projects. Tradehill, a Bitcoin dark (unknown) mining pool was his first company – Kenna was the first to innovate dark mining pools. Kenna presently runs a craft brewery in Colombia (the brewery certainly accepts Bitcoins). He also started 20mission in San Francisco, a collaborative workplace for entrepreneurs and startups.
Dave Carlson – $35 million
Adequate hardware makes Bitcoin mining a greatly profitable enterprise. Dave Carlson is probably the first Bitcoin millionaire to have mined their way to prosperity. After establishing company, MegaBigPower from his basement, he started to mine on an industrial scale. Carlson informed that amassed over 8 million each month in 2016 from his warehouse of 2,000 square foot.
Charlie Shrem – $45 million
Charlie Shrem is probably the most prominent Bitcoin millionaire. Charlie Shrem procured a big quantity of Bitcoin when it was being exchanged cheaply. At just 22 years of age, he established BitInstant with a portion of the funds. The company was immensely successful initially. However, in December 2014, Shrem was charged and found responsible for laundering money to notorious deep web black market The Silk Road. Shrem mentions he did not willingly handle any money for illegal purposes.
Following his discharge from prison in 2016, Shrem got straight back to business and started Intelllisys Capital. The company sells investment portfolios in blockchain firms. Charlie Shrem is close pal with associate bitcoin inventor and financer Roger Ver.
Roger Ver – $52 million
Bitcoin millionaire Roger Ver has magnanimously shared his wealth to propagate the word of Bitcoin. He was accorded the moniker “Bitcoin Jesus” for his candid advocacy and magnamity. The passion of Roger Ver for Bitcoin arises from his wish for it to challenge fiat currencies. His initial investment was in the company of his friend Charlie Shrem, BitInstant.
Roger Ver is the earliest Bitcoin startup investor. Though Ver was already an efficient entrepreneur before entering Bitcoin, achieving so largely multiplied his wealth. He has also gifted millions towards charity.
Ross Ulbricht versus The FBI – $100 million
Bitcoin has unquestionable potential to alter the world. Nevertheless, there is also a sinister side to Bitcoin. Its anonymous characteristic makes transactions almost impossible to track. Many black markets have emerged on the deep web dispensing drugs, contraband and unlawful services. The earliest of these markets was the Silk Road, designed by Dread Pirate Roberts. Even before bitcoin was valued $1000, Dread Pirate Roberts became a Bitcoin millionaire many times over.
Dread Pirate Roberts was tracked down by FBI in September 2013. Their inquiry unearthed American Ross Ulbricht, who was sentenced to life in jail for money laundering, hacking besides plotting to traffic narcotics. The FBI closed The Silk Road, and confiscated over 144,000 Bitcoins then kept as escrow. Consequently, the biggest Bitcoin wallet in the world is now held by FBI.
Satoshi Nakamoto – $1.1 billion
Evolving into a Bitcoin millionaire is probable, but what is required to become a bitcoin billionaire? Accomplishing this would be extremely hard unless one was engaged from the start – or if they invented the currency themselves.
The name Satoshi Nakamoto is probably not the actual name of Bitcoin’s maker, only a pseudonym. Numerous efforts have been made to reveal the enigmatic builder of Bitcoin’s real identity, to no use. Some records of Nakamoto remain besides e-mail correspondence records between him and Bitcoin developers. The fact revealed about him, however, is that he presently possesses 1.1 million Bitcoins – valued over 1.1 billion currently.