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Top 10 Bitcoin Millionaires You Should Know

Top 10 Bitcoin Millionaires You Should Know

Bitcoin is a digital asset and payment system that is considered by many to be one of the most successful digital currencies ever created. Its rapid rise since launching in 2009 left billions of dollars up for grabs for virtually anyone, so it was only natural that the game-changing cryptocurrency created such a diverse—and surprising—field of millionaires.

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Top 10 Bitcoin Millionaires You Should Know

1. Satoshi Nakamoto

Satoshi Nakamoto is the enigmatic creator of Bitcoin. he is undoubtedly one of the richest Bitcoin millionaires in the world.  He ignited the modern cryptocurrency boom and implemented the first successful blockchain technology database. Nakamoto has over a million Bitcoins, which today are worth over seven billion US dollars. Ironically, Satoshi Nakamoto is unable to take advantage of this apparent wealth: If he were to sell off his wealth, the price of Bitcoin would plummet drastically.

2. Tyler and Cameron Winklevoss

Tyler and Cameron Winklevoss are two of the most prominent Bitcoin millionaires in the world. These two brothers have a history as athletes, competing on the rowing team at Harvard, as well as on the United States National Rowing Team at the 2008 Beijing Olympics. Most people know the Winklevoss twins for their 2004 legal dispute with Facebook CEO Mark Zuckerberg. The twins claimed Zuckerberg stole their idea for a social media website called “ConnectU”; this led to a lawsuit that ultimately netted the twins a $65 million settlement. Tyler and Cameron would eventually set aside a healthy percentage of these earnings for investments in Bitcoin. The Winklevoss twins purchased 1.5 million Bitcoins in 2013 when the cryptocurrency’s value was around $120. In the years since, the price of Bitcoin has gone up more than 20,000%, making Tyler and Cameron Winklevoss two of the richest Bitcoin millionaires in the world.

3. Erik Finman

Erik Finman is not only one of the most famous, but also one of the youngest Bitcoin millionaires. He bought $1,000 worth of bitcoin at the age of 12, back in 2011 when the price of one bitcoin was between $10 and $12.

Since 2011, Erik Finman has grown his holdings to nearly 450 bitcoins, worth around $4.7 million as of September 2020. Not only did Erik become a millionaire at the age of 18, but he was also investing in other cryptocurrency-related ventures. One of his famous new projects is the creation of a new cryptocurrency that should become the main competitor of Facebook’s forthcoming Libra cryptocurrency.

4. Andrew Hamilton

With an estimated $200 million worth of cryptocurrency, Andrew Hamilton is among those who own the most bitcoin in the world. He’s the founder of cryptocurrency trading platforms Coupit and Rubix, which have had significant success in the crypto-space. 

Hamilton worked at the Chicago Mercantile Exchange as a stock and commodities broker for more than 10 years, which gave him the skills and experience to launch his crypto-related businesses.

5. Kingsley Advani

Kingsley Advani became a bitcoin millionaire at 24 years of age. He invested around $34,000 in cryptocurrencies during the boom phase, which helped him turn his investment into more than a million dollars within 6 months. 

Following his success with his crypto investments, Advani quit his job at a software company and started traveling the world and working as an advisor. He invested part of his bitcoin earnings into educational startups, which helped him reach a net worth of over $5 million.

6. Tony Gallippi

Tony Gallippi is one of the earliest entrepreneurs in the crypto-space. He cofounded BitPay in 2011, a site that allowed merchants to sell goods and services for bitcoin.

The success of BitPay has also been accelerated due to the backing of high-level investors, such as Virgin Group, Yahoo, and Index Ventures, helping Gallippi to amass a net worth of $20 million. BitPay is currently the largest bitcoin checkout processor globally, with WordPress also becoming a merchant on the website. Gallippi also helped broker a deal with WooCommerce, which would help with bitcoin payments on Amazon.com.

 7. Roger Ver

Roger Ver is one of the earliest investors in bitcoin and serves as the executive chairman of Bitcoin.com. He is also referred to as “Bitcoin Jesus” for his promotion of cryptocurrencies, the estimated net worth of Roger Ver is $520 million.

Ver started investing in bitcoin in early 2011 and diversified his portfolio with investments into crypto-startups, such as Ripple, Blockchain.info, Bitpay, and Kraken. Ver’s company Memorydealers was one of the first companies to accept payments in bitcoin back in 2011.

8. Dan Morehead

Morehead is a former Goldman Sachs trader who founded Pantera Capital, one of the world’s first investment companies that focuses exclusively on cryptocurrencies. In 2013, Morehead’s Pantera Capital launched its first crypto fund, making the firm one of the largest institutional owners of cryptocurrencies in the world. His firm has provided investors more than 24,000% return since its launch, helping Morehead reaching a net worth of around $200 million.

9. Barry Silbert

Barry Silbert is the founder of Digital Currency Group and an active investor in various blockchain-related startups. 

In addition to the Digital Currency Group, Silbert also founded the Bitcoin Investment Trust (BIT), which acts like a private, open-ended trust. The shares of the Bitcoin Investment Trust derive their value solely from the price of bitcoin, which allows investors and traders to get exposure to the price of the cryptocurrency without having to buy and store actual bitcoins. 

10. Olaf Carlsson-Wee

Olaf turned $14,000 of his savings into a $150 million fortune by investing right before bitcoin’s staggering bull market. He was also the first employee at Coinbase, one of the world’s largest crypto exchanges. 

After a few years in the crypto-space, Olaf founded a hedge fund based on blockchain, called Polychain Capital. The fund manages blockchain projects and secured over $800 million in funding after earning investors a whopping 2,303% return in 2017.

These are the top ten Bitcoin Millionaire. However, with a quick search on the web, you can find many more. Bitcoin has undoubtedly made many investors and traders millionaires but, you must understand the risk and volatility of the market before you dive in. It is understandably tempting when you hear the tales of these successful entrepreneurs. However, you must research the market, understand it intimately and then make a timely well-informed decision.

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