Cryptocurrency or Digital Currency came into existence with the introduction of Bitcoin in 2009. The pseudonym Satoshi Nakamoto introduced the concept on 3rd Jan. 2009 and took the world by storm. The unprecedented thought behind bitcoin and the technology of blockchain piqued the interest of many. But only the ‘early investors’ who were curious or believed in the crypto as an alternative to fiat currencies are now well-known billionaires.
Within a period of a few years, the people who bought Bitcoin (BTC) during its initial years have received returns 10,000 times their investment. Today, the price of 1 BTC stands at more than Rs. 6,77,962. This shows the potential of Cryptocurrency as an investment option.
Take inspiration from the early adopters that are now some of the top billionaires in the world all thanks to Bitcoin.
The Winklevoss Twins
The Winklevoss Twins are the famous brother duo who attended Harvard with Mark Zuckerburg and claimed he stole their idea of ‘Facebook’. In a payout by Facebook, the twins received $65 million and invested the same in Bitcoin in 2013. They bought around 1% of the world’s supply of Bitcoin and became Billionaires in the coming years.
Silbert is the founder and CEO of Digital Currency Group. The firm is a leading investor in Bitcoin-related companies and has earned Barry “The King of Crypto” title. Silbert also owns Genesis and Grayscale that deal in digital currencies and digital currencies investment, respectively.
Apart from his entrepreneurial investments in digital currency, Silbert has started a Bitcoin Investment Fund and ETF (Exchange Traded Funds).
A former MD of J.P. Morgan Chase & Co., Blythe is now the Chief Operating Officer of Digital Asset Holdings (DAH). The company builds encryption-based tools that enhance the security, efficiency, compliance, and settlement speed of trading securities, mainly Bitcoin.
DAH plans to apply blockchain technology to the regular Wall Street activities. The company has raised a funding of $150 Million and interestingly had J.P. Morgan Chase as its first client. Through her investment in digital assets, DAH operates six offices in three continents today.
Founder of Pantera Capital, Dan Morehead first invested in Crypto Market in the early years of Bitcoin. And he now owns the world’s first investment firm exclusively focussed on cryptocurrencies. Starting with a crypto fund in 2013, Pantera in 2018 became one of the largest institutional owners of Cryptocurrency. The same fund also delivered 24000% return to its investors since the debut.
Dan Morehead has investments in other crypto-related firms like Bitstamp, Polychain Capital and Augur. Morehead was formerly working as a CFO at Tiger Management and headed the micro trading at Goldman Sachs Traders.
With more than 30% of his wealth invested in Cryptocurrency, Michael Novogratz is a Billionaire that is a firm believer in digital currencies. In 2015, Michael began his investment in the crypto world and within two years, he announced a crypto fund of $500 million. The fund included a whopping $150 million of his own fortune.
Currently, Novogratz is considered a pundit that analyses and forecasts the price of cryptocurrencies in the market. He is famous for a Bitcoin price forecast of $40,000 in 2018 that is not realized as yet.
There are some top Indian billionaires that have invested in the cryptosphere and garnered immense profits. Some of these prominent names include:
Akshay Haldipur– He invested in Bitcoin, Dash, and Ripple to become the richest cryptocurrency owner in India.
Sanket Shah– He invested in Bitcoin when the price was only $115 and currently holds the second place in Indians who become crorepatis with cryptocurrency.
Jugal Sampat– The 24-year old Jugal invested $80 in 2013 to buy Bitcoin and within weeks earned a profit of $35. Since then he has been actively involved in the Cryptosphere. He is currently the third person who became a millionaire with cryptocurrency in India.
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