Last Updated on December 6, 2020 by Stephan Lindburg
Which Investors are Betting On Digital Currencies in 2021?
The world of cryptocurrency investment changed dramatically in 2020. Until recently, there was a lack of trust in digital currencies such as Bitcoin and Ethereum. Despite this, 2020 saw major companies like PayPal and VISA began ventures into digital currency. Additionally, institutional firms began structuring business models to incorporate cryptocurrency trading. These companies and firms are joining the initial wave of cryptocurrency supporters who have made millions off the market.
These types of investors obviously prefer to invest in cryptocurrencies because they are unaffected by centralized authorities. They have also shown consistent resiliency and ability to adapt to market fluctuations and conditions. The decentralized nature of investing in cryptocurrencies has led to a great accumulation of wealth for many business-savvy individuals.
Let’s take a look at some of the most successful cryptocurrency investors to see how they accumulated their wealth.
Six Major Cryptocurrency Investors Which Have Become Bitcoin Millionaires
1. Barry Silbert
Otherwise known as The King of Crypto, Silbert is the founder and CEO of Digital Currency Group (DCG). DCG buys, builds, and invests in blockchain companies worldwide. Silbert also founded another cryptocurrency investment firm called Grayscale Investments. Grayscale is one of the leading institutional investors in cryptocurrency. Silbert’s goal is to build a worldwide cryptocurrency ecosystem with a developed infrastructure and protocol development.
2. Jihan Wu
A Chinese cryptocurrency entrepreneur, Jihan Wu, founded the company Bitmain Technologies. Bitmain is the global leader in producing chips for bitcoin mining. The company sells ASIC-chip miners that allow purchasers to mine bitcoins. In 2020, Wu topped Forbes’ 2020 World’s Billionaires List. After a management shakeup in 2019, Wu has returned to the role of CEO of Matrixport, which provides cryptocurrency services.
3. Tyler and Cameron Winklevoss (AKA The Winklevoss Twins)
You may remember these twins from the story of Mark Zuckerberg’s rise to success. After settling their lawsuit with the Facebook creator, the Winklevoss twins established themselves as iconic figures in the world of Bitcoin. Recognized as the first Bitcoin billionaires, the twins owned at one time nearly 180,000 coins, making them world approximately$1.5bn. The brothers launched a crypto exchange called Gemini in 2015. This exchange is now one of the most influential on the market.
4. Joseph Lubin
Joseph Lubin is a Canadian-American entrepreneur who helped found the blockchain platform Etherum, among several other companies. In 2018, Forbes estimated that Lubin’s cryptocurrency worth was between one and five million dollars. Lubin is a major player in the development of decentralized blockchain services.
5. Roger Ver
Ver, one of the first Bitcoin investors, is known as the “Bitcoin Jesus” for his devoted support of Bitcoin. He was one of the first to invest in Bitcoin and companies associating with Bitcoin. With a strong presence on social media, Ver is one of the most recognizable investors in the world of cryptocurrency.
6. Chris Larson
Chris Larson is an executive and investor who amassed a fortune from tech start-ups in Silicon Valley. In 2012, Larsen co-founded Ripple and now holds the role of Executive chairman. Ripple helps facilitate banks-incorporate blockchain technology into their protocols. Larson’s investments look promising since Ripple recently reached a new price level high, beating its record from 2018.
If you are just starting out trading Bitcoin and feel you are uninformed or out of your depth, you may want to continue doing some proper research on our website. Becoming a successful trader is definitely possible, but you have to make an informed decision and actually invest money and time.