With virtual currency taking over the world, bitcoins are the hottest talk of the town in the investment world. Although this cryptocurrency has been on the market for last nine years, it's only now that everyone seems to be talking about it. In 2013, when the value of bitcoins hit $1000, the early investors in the currency became millionaires. As it is said, the more the risk, the more the return. So, here are 10 millionaires and billionaires who became filthy rich by investing/trading in bitcoins.
The man himself, Santoshi Nakamoto is the creator of bitcoins. His identity is unknown to the world; Satoshi Nakamoto is a name he prefers to go by but it's not his real name. It was his idea that gave birth to bitcoins and now, he's number one on the bitcoins-billionaires list.
Surprising, right? Well, there's a backstory. Dread Pirate Roberts aka Ross Ulbricht, creator of The Silk Road, a black market on the deep web, became a millionaire by investing in bitcoins anonymously, even before bitcoins hit $1000. After much difficulty, thanks to the anonymous nature of bitcoins, FBI tracked him down and he was sentenced to life in prison for money laundering, hacking and conspiracy to traffic narcotics. Later when FBI shut down The Silk Road and confiscated over 144,000 bitcoins, it became the owner of the largest bitcoin wallet.
Roger Ver is the first bitcoin startup investor, though he was already an established entrepreneur before investing in bitcoins. It's because of his word of mouth marketing, he was given the name “Bitcoin Jesus”. Since then, there's no looking back for him. He went on to become richer than he already was and even donated money to different charities.
Charlie Shrem is one of the most influential bitcoin millionaires. He invested in bitcoins when he was just 22 years old and went on to start his own venture, BitInstant. But later, in 2014, he was imprisoned for laundering money to deep web black market, The Silk Road. According to Shrem, he did not knowingly handle any money for illicit purposes. He was released in 2016 and that's when he launched another venture known as Intellisys Capital.
Dave Carlson was one of the first few people who became bitcoin millionaires. He started his own company in his basement called MegaBigPower and began to mine bitcoins on an industrial level. He made over $8 million per month in 2016.
Jered Kenna invested in bitcoins when its value was only 20 cents per coin and it was much later when he earned money on those coins. After his returns, he then launched multiple business ventures of his own. Currently, he runs a craft brewery in Colombia.
Tony Gallippi was one the first few people who discovered the bitcoin payment process. His company, Bitpay was extremely popular and employed over 80 people in 2014. It was Gallippi's aim to have over one million merchants enrolled by 2016 and he has indeed met that target.
These twins came into the limelight after their legal fight with Mark Zuckerberg, founder of Facebook. They have several business ventures and once they invested in bitcoins, it led them to become the owners of $11 million. The net worth of these twins is over $400 million.
Yifu Guo, a student of NYU, mastered the first purpose-built bitcoin miner. He started his own company, Avalon in 2012. The company produced miners that were sold out as soon as they were developed. A lot of other companies started selling bitcoin miners after Avalon, but Yifu Guo was the first to become a bitcoin millionaire by selling such miners.
A lot of people say that Santoshi Nakamoto is actually Gavin Anderson but he has always denied this rumour. He was chosen as Nakamoto’s “successor” in 2010. Once, he was paid over $200,000 by the Bitcoin Foundation for his contributions.
So are you planning to invest in bitcoins anytime soon?