Bitcoin, the world’s first ever cryptocurrency, has been making waves in the financial market since its inception in 2009. With its decentralized system and secure blockchain technology, it has attracted many investors who have made millions by investing in it. Here are some of the people who have made millions on bitcoin.
1. Satoshi Nakamoto
The mysterious creator of bitcoin, Satoshi Nakamoto, is believed to own around 1 million bitcoins, which are worth billions of dollars. However, Nakamoto has never spent any of his bitcoins and has not been active in the bitcoin community since 2011.
2. The Winklevoss Twins
Cameron and Tyler Winklevoss, famously known for their legal dispute with Facebook founder Mark Zuckerberg, invested $11 million in bitcoin in 2013. At the time, bitcoin was trading at around $120 per coin. The twins’ investment has now grown to over $1 billion, making them some of the richest bitcoin investors in the world.
3. Roger Ver
Roger Ver, also known as Bitcoin Jesus, was one of the earliest investors in bitcoin. He invested heavily in the cryptocurrency in 2011 and has since become a prominent figure in the bitcoin community. Ver’s net worth is estimated to be around $520 million.
4. Barry Silbert
Barry Silbert is the founder and CEO of Digital Currency Group, a venture capital firm that invests in bitcoin and blockchain technology. Silbert’s investments in bitcoin started in 2012, and he has since invested in over 100 bitcoin-related companies. His net worth is estimated to be around $400 million.
5. Charlie Shrem
Charlie Shrem was one of the earliest adopters of bitcoin, and he founded the now-defunct bitcoin exchange BitInstant in 2011. Shrem was also one of the first people to invest in bitcoin startups, and he has since become a prominent figure in the bitcoin community. Shrem’s net worth is estimated to be around $45 million.
6. Tim Draper
Tim Draper is a venture capitalist and founder of Draper Associates, a venture capital firm that has invested in companies like Skype and Tesla. Draper purchased 30,000 bitcoins in 2014, when the cryptocurrency was trading at around $600 per coin. His investment is now worth over $300 million.
7. Michael Novogratz
Michael Novogratz is a former hedge fund manager and founder of Galaxy Digital, a cryptocurrency investment firm. Novogratz invested $150 million in bitcoin in 2017, when the cryptocurrency was trading at around $3,000 per coin. His investment has since grown to over $1 billion.
In conclusion, these are just a few of the many people who have made millions on bitcoin. As the cryptocurrency market continues to grow and mature, it is likely that more people will make fortunes by investing in bitcoin and other cryptocurrencies. However, it is important to remember that investing in cryptocurrencies is risky and volatile, and investors should do their own research and proceed with caution.