Cryptocurrency, also known as digital/virtual currency; its market is mostly considered as same with the traditional stock exchange, but its relatively new as it came to be in 2009 and still widely believed to be in its early stages, as more features are expected of it in the future.
The cryptocurrency and its market since its inception have faced much opposition and even till now have a lot of pessimists on the future, because of its distinction from the fiat currency. The level of optimism, as well as its new features, has made it unpredictable. The unpredictability and the pessimists had made many wades off investing in it, but a few and some that were optimistic about the future at the beginning has made fortunes out of it.
Cryptocurrency has produced many millionaires unexpectedly, here are 10 top millionaires from the digital currency.
The top ten cryptocurrency millionaire
Larsen is the Founder and CEO of Ripple. He tops the list with more than $7.5 – 8 billion net worth. He created Ripple in 2012, and this has become a sorted protocol, for a lot of major financial institutions. Ripples improve the overall functioning via it’s Real Time Gross Settlement system. He is a co-founder of prominent financial firms like E- Loan and Palo Alto funding group, apart from being a significant stakeholder in Ripple.
Lubin is a Canadian entrepreneur and equally a co-founder of Ethereum network. He is the second on the list with over $1 – 5 billion of the worth of cryptos. Apart from being a co-founder of the Ethereum network, he an also co-founded a 600 employee based large software firm known as ConsenSys. His investment in Ethereum and Consensys has earned him his worth.
Zhao is The CEO of the world’s most famous and largest cryptocurrency exchange, Binance – a Malta based company. He moved the exchange operation to Malta due to China’s ban on cryptocurrency. He is third on the list with a crypto net worth of $1.1 billion-$2 billion. His exchange is reported having attracted about 6 million users from all over the globe within a year.
Tyler Winklevoss and Cameron Winklevoss
Tyler Winklevoss and Cameron Winklevoss are twin brothers with cryptocurrency in the tune of $900 million to $1.1 billion worth each. They are recently reputed with the failed Bitcoin ETF approval by SEC and also brawl in controversy with Facebook. It is mostly believed that their investment in Bitcoin was from the proceed of the lawsuit with Facebook. There is a tendency to rise more if they finally become successful with the Bitcoin ETF approval.
Mellon has an estimated worth $900 million to $1 billion in cryptocurrency. He died in April of this year at the age of 54 in Mexico. The consumption of a hallucinogenic drug was reported to be the cause of his death. He became a crypto millionaire without associating with any of crypto institutions or firm.
Armstrong is the Founder and CEO of very popular cryptocurrency Exchange, Coinbase, founded in 2012. He has a net worth of about $900 million – $1 billion in crypto assets. He is an entrepreneur as well as an actor. Coinbase an exchange based in San Francisco presently provides service for about 32 different countries around the world.
Matthew is the founder of Bloq and Tally. He sits in the seventh position with the worth of $900 million to $1 billion cryptos. Mathew is an early investor in cryptocurrency, which has seen his rise in fortune.
Anthony Di Lorio
Anthony is a co-founder of Ethereum and also an influential person in the crypto community. He is the 8th of crypto millionaires, with a worth of $750 million – $1 billion cryptos. Anthony is an evangelist and also a founder of companies like Jaxx and Decentral.
Brock is a vital member of the EOS project, which raised the maximum amounts of funds in 2017 during its ICO. He is the ninth on the list with a crypto worth of $700 million-$1 billion. He was the Chief strategy officer of EOS in March 2018 as he later resigns.
Novogratz is The CEO of Galaxy Digital and also an ex-hedge fund manager. He is the tenth on the list with an estimated worth of $700million – $1 billion cryptos. He sees himself as ‘The Forrest Gump of Bitcoin.’
The unpredictability of cryptocurrency has seen the fortunes of these individuals on the top 10 list high. The crypto world saw its skyrocketing spike in December of 2017, which makes them much richer at that moment. However, it took a bearish trend in 2018.
If the unpredictability feature has seen their fortune rise, definitely their bubble will increase at the increase of cryptocurrency values shortly. However, with predictions of the future, the risk is worth taking, mainly because of the underlying technology, blockchain transforming the society.