Bitcoin, no wonder, is the most popular and widely accepted cryptocurrency across the globe. This popularity of Bitcoin has made it the leader of the crypto fraternity. Since its inception, it has faced a lot of criticism, but still, it has emerged as a leader and has made its name. Bitcoin has made a lot of investors rich and millionaires. In the initial years of its launch, Bitcoin was worth a penny, but those who had faith in the cryptocurrency and acquired a few Bitcoins were lucky. Then there were those who chose to buy not few but thousands of BTC, and today these people have become Bitcoin millionaires.
Here is a list of the industry pioneers that made it big and earned millions.
Blythe Masters, former Managing Director at J.P. Morgan Chase & Co., is now the CEO of Digital Asset Holdings. Her company is dedicated to building processing tools that are encryption-based and improve the efficiency, compliance, security, and securities trading settlement speed, mainly of Bitcoin. DAH entered into a profitable partnership with Google Cloud. Her company has brought tools to developers, so they don’t have to code them from scratch.
Michael Novogratz, the graduate from Princeton University, was a partner at Goldman Sachs before joining Fortress. He spent much of his time in leadership roles in Asia and Latin America. The Billionaire, having invested approximately 30 percent of his fortune in cryptocurrencies, began investing in 2015. As per news source of Bitcoin News Today, In 2017 he announced a crypto fund worth $500 million with about $150 million of personal fortune. After college, he also served in the US Army National Guard.
Barry Silbert is the founder and Chief Executive Officer of Digital Currency Group DCG. They are working on accelerating the global financial system development by building and supporting blockchain and Bitcoin companies. DCG acquired CoinDesk- Bitcoin News leading source that runs an annual conference for the Bitcoin industry. The firm is a leader in investing in Bitcoin Companies with more than 100 investments. It’s no surprise that he has been nicknamed “The King of Crypto.” He started the Bitcoin Investment Trust – OTC: GBTC, an ETF exchange-traded fund for tracking Bitcoin prices.
Tyler and Cameron Winklevoss transformed their millions earned from Facebook lawsuit settlement into cryptocurrencies and became billionaires when the bitcoin prices surged in 2017. They own 1% of all Bitcoins that are in circulation, devising an elaborate system to store the private key for their assets. They are working on building an ecosystem to attract day traders and institutional investors. Winklevoss twins launched Gemini, the world’s pioneer regulated exchange for cryptocurrencies, which enabled to set of spot prices for Bitcoin futures contracts at the CBOE (Chicago Board Options Exchange.)
Satoshi Nakamoto holds 1 million BTC at $9 billion worth. Satoshi Nakamoto is a pseudonym for a person or group that developed, authored whitepaper for bitcoin, and created, deployed bitcoin. Satoshi implemented Bitcoin and the first blockchain database. He solved the double-spending problem in using a peer-to-peer network. His coding efforts for Bitcoin began in 2007, and registered bitcoin.org domain name, at metzdowd.com, in October 2008, he published a paper on cryptography mailing list titling it as “Bitcoin: A Peer-to-Peer Electronic Cash System.” His message was embedded in the first block of coinbase. In Jan 2009, Satoshi released bitcoin software Sourceforge version 0.1, launched network as he mined the block 0 the genesis block that rewarded him 50 bitcoins.
Chris Larsen, the business executive, hails from San Francisco, California, is an angel investor and co-founder of Silicon Valley technology startups and peer to peer lending. He co-founded E-Loan with a market value of $1 billion- a pioneer company to provide consumers’ FICO credit scores. When Banco Popular bought the company in 2005, Larsen left to found Prosper Marketplace in 2006 and worked as the CEO until 2012. He co-founded Ripple Labs, Inc., that develops Ripple to enable instant direct money transfers between 2 parties. He co-founded Californians for Privacy Now, engaged as Industry Spokesperson Events as Sibos, SWIFT’s flagship conference, and wrote for American Banker. A board member advisor to Credit Karma, EPIC- Electronic Privacy Information Center, Betable, and Qifang. Forbes estimated his worth at $59 billion on January 4, 2018, and 5th amongst the world’s richest people.
Gavin Andresen, the Princeton University graduate, 1988, is a successful software developer for Bitcoin, and abodes in Amherst, Massachusetts. He originally began as a 3D graphics developer and virtual reality software and, in 2010, began working with the Bitcoin market. Satoshi Nakamoto declared him as the lead developer for Bitcoin client software. Gavin founded the Bitcoin Foundation in 2012 and worked on developing the bitcoin network – Bitcoin Core, he left his official job to commit to the Foundation. He is a co-author of VRML 2.0 specification and also published a reference manual for it. He was with Silicon Valley till 1996 and went into ventures related to software like CTO, a startup for voice-over-the-Internet. He co-founded a company that makes online games that are multiplayer for the blinded and sighted friends.
Charlie Shrem: The American entrepreneur, born and brought up in Brooklyn, NY, a founding member of the Bitcoin Foundation- committed to standardize and promote bitcoin, is also a Bitcoin advocate. Shrem earned his Bachelor of Science in Economics and Finance in 2012 from Brooklyn College. He had also co-founded BitInstant in 2014, which is no longer in practice. He joined Jaxx as a chief operating officer in 2017 and formed CryptoIQ, a cryptocurrency advisory. He went on to launch podcast Untold Stories, Bitcoin’s oral history, in May 2019.
Now you know that there are many people who were early adopters of Bitcoin and now they have managed to become rich. This clearly indicates that Bitcoin does have huge potential to turn you into a millionaire. If you want to invest in Bitcoin then, you must check out current prices and Future Bitcoin Predictions before you make investment in Bitcoin.
Kamalpreet Singh
Working as a freelance contributor for several news platforms over the years, Kamalpreet has a well-thriving interest in the education sector. Kamalpreet heads at the post of editor at BO Herald and he contributes his knowledge and expertise in reporting Education News.
