Famous Millionaires Who Made Their Fortunes from Cryptocurrency
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Cryptocurrency has taken the world by storm in recent years, with Bitcoin being the most well-known and valuable digital currency. As the popularity and demand for cryptocurrencies continue to rise, more and more people have managed to generate immense wealth from them. Here are some famous millionaires who made their fortunes from cryptocurrency:
1. Winklevoss Twins
The Winklevoss twins, Cameron and Tyler, are perhaps the most famous cryptocurrency millionaires. They were early investors in Bitcoin and were reported to have owned around 1% of all Bitcoins in circulation at one point.
Their initial investment of $11 million in 2013 turned into a staggering $1.6 billion by December 2017, marking a 14,400% return on investment. The twins have also founded Gemini, a cryptocurrency exchange platform that has gained significant traction and is now worth over $1 billion.
2. Michael Novogratz
Michael Novogratz is a former hedge fund manager and founder of the cryptocurrency investment firm Galaxy Digital. Novogratz invested $250 million of his own money into cryptocurrency in 2017 and has since become a billionaire.
He is also an early investor in Ripple, a cryptocurrency that has seen a surge in popularity and value in recent years. Novogratz’s net worth is estimated to be around $2.3 billion.
3. Roger Ver
Roger Ver, also known as the “Bitcoin Jesus”, started investing in Bitcoin in 2011 and was one of the earliest supporters of the digital currency. He is now a well-known advocate of Bitcoin and is the founder of Bitcoin.com.
Ver’s net worth is estimated to be around $520 million, and he has also invested in other cryptocurrencies such as Ethereum and Ripple.
4. Barry Silbert
Barry Silbert is the founder and CEO of Digital Currency Group, a venture capital firm that focuses on investing in blockchain technology and digital currency companies.
Silbert has been a prominent figure in the cryptocurrency industry and has invested in several successful cryptocurrency startups. His net worth is estimated to be around $1.6 billion.
5. Tim Draper
Tim Draper is a venture capitalist and founder of Draper Associates, an investment firm that has backed successful technology companies such as Skype and Baidu.
Draper bought 30,000 Bitcoins for $600 each in 2014, which is now worth over $600 million. He has also invested in several other cryptocurrencies and blockchain startups. Draper’s net worth is estimated to be around $1 billion.
Conclusion
These famous millionaires have shown that cryptocurrency can be an excellent investment opportunity for those willing to take a risk. While investing in digital currencies can be highly unpredictable and volatile, it can also be incredibly lucrative for those who get it right.
As the popularity and acceptance of cryptocurrencies continue to grow, it will be interesting to see who the next generation of cryptocurrency millionaires will be.
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