As of April 12, 2022, Bitcoin’s market cap was $747.34 billion. It’s one of the most successful digital currencies ever. The first bitcoin ETF launched in October 2021, driving cryptocurrencies to new highs.
Bitcoin’s meteoric growth since 2009 has spawned various millionaires. These millionaires gained money by growing Bitcoin’s ecosystem. Some have built cryptocurrency and derivatives exchanges. Others utilized it to construct million-dollar financial products and tokens. Bitcoin’s popularity and pricing have boosted its products and services.
Bitcoin was risky and still is. The cryptocurrency’s volatility and lack of regulations attract crooks and investors. These drawbacks underline the achievements of Bitcoin millionaires, who were early adopters and predicted its economic promise.
5. Michael Saylor
The enthusiasm of MicroStrategy CEO Michael Saylor (MSTR). The business bought $250 million in Bitcoin in August 2020. At the time, the corporation said it was buying bitcoin to better utilize its funds by December 2021, MicroStrategy had expanded its Bitcoin holdings to $3.5 billion by buying on dips. Forbes estimates Saylor’s Bitcoin bet net worth at $2.2 billion.
4. Brian Armstrong
Brian Armstrong founded Coinbase, North America’s largest crypto exchange. Armstrong owns 19% of Coinbase and is worth $10.4 billion in 2022. Due to its easy-to-use interface and reputation, Coinbase is the doorway for retail investors to join crypto. After going public in April 2021, the exchange had a market valuation of $41.736 billion on April 11, 2022.
3. Tyler and Cameron Winklevoss
Tyler and Cameron Winklevoss invested their lawsuit winnings in cryptocurrencies. After Bitcoin’s late-2017 price explosion, they became the first crypto billionaires. Each is worth $5 billion, according to Forbes.
2. Sam Bankman-Fried
Sam Bankman-Fried became a crypto millionaire quickly. The MIT grad launched FTX, one of the world’s most prominent crypto exchanges, in 2019 and was valued at $26.5 billion in October 2021. FTX offers novel items that other exchanges don’t have. These include sophisticated derivatives, digital tokens of physical shares, and IPO contracts.
1. Changpeng Zhao (CZ)
Changpeng Zhao established Binance, the largest cryptocurrency exchange in the world.
Zhao’s net worth was $96 billion in January 2022, according to Bloomberg. Binance, founded in 2017, processes billions of dollars daily. Binance is bigger and offers more coins and derivatives than Coinbase to U.S. consumers. Bloomberg’s 2021 revenue was $20 billion.