February 6, 2023 Breaking News, Latest News, and Videos

Five People Who Became Wealthy by Investing in Bitcoin

Bitcoin has been one of the most successful digital assets since its inception in 2009, and it has created a surprising and diverse set of millionaires. These extremely wealthy people have made money by creating products to grow the Bitcoins system. For instance, some have created exchanges for trading the cryptocurrency and its derivatives, while others have used it to develop financial products and tokens that have minted millions. Here are the top five individuals who immersed a lot of wealth from investing in this digital asset.

  1. Changpeng Zhao [CZ]

Changpeng Zhao immigrated to Canada at the age of 13from China and came to Bitcoin via a poker game with friends. Later on, he went all-in on cryptocurrency and even sold his apartment for Bitcoin in 2014. 

Changping Zhao is the founder of Binance, the biggest cryptocurrency exchange in the whole world by trading volume. However, btc profit is another great website that people can trade with comfortably. In 2017, Binance started, and it handles all transactions that run into billions of dollars every day. The Bloomberg Billionaire Index highlighted that Changpeng Zhao had $96 billion in January 2022. The publication also indicated Zhao’s fortune could be significantly higher since their estimate does not consider his crypto wallet, which includes his holdings of Bitcoin and Binance Coin, the cryptocurrency used for transactions in Binance. 

As of April 2021, Forbes also estimated Zhao’s net worth to be $1.6 Billion. Binance is also referred to as a coin base by US citizens, and it is bigger and offers more coins and derivatives to customers than its competitor.

  1. Erick Fineman

Erick Fineman borrowed his grandmother $1000 to invest in Bitcoin when each Bitcoin was worth $12 in 2011. He was only 11 years old and was able to invest in this digital asset with the help of his brother. By the end of 2013, the value of Bitcoin became $1200, so he made a fortune. 

By January 2015, Erick Fineman had his own education company, and later on, he sold his education company where he got offered either to accept 300 Bitcoins or $100,000. He decided to take Bitcoins and achieved his goal of becoming an 18-year-old millionaire and won’t be attending college. 

  1. Winklevoss Brothers

The Winklevoss brothers, Tyler and Cameron Winklevoss were one of the earliest Bitcoin investors. They turned the millions they earned from their lawsuit against Facebook into cryptocurrency. As a result, they became the first billionaires in the crypto market after the late 2017 rise in Bitcoin prices. Forbes estimates their net worth at $5 billion each. 

Aside from some of their cryptocurrency wealth from investments in Bitcoin, they are also entrepreneurs. They started the Gemini cryptocurrency exchange, valued at $1.7 billion, after its $400 million fundraising in November 2021. They also own Nifty Gateway, a platform that facilitates buying and selling of NFTs.

  1. Michael Saylor

Michael Saylor is the CEO of a software firm known as MicroStrategy Inc. [MSTR]. The firm began acquiring cryptocurrency in august 2020 by snapping up Bitcoin worth $250 million. At that time, the firm said that it was buying the cryptocurrency to better use the cash holdings on its balance sheet. 

  1. Peter Saddington

Peter Saddington, from Atlanta, first heard about Bitcoin in 2011 and bought some for less than $3 per coin. Earlier investors earned profits worth 250,000% when Bitcoin’s price rose to about $7,500. At the time, Peter Saddington gained steadfast confidence in this digital asset since Bitcoin relies on math so that no one can turn it off.

Final Thoughts

Since Bitcoin became popular, the number of people making Billions from this digital asset has increased. 

Tags: in Sponsored
Related Posts

Learn to Rock with School of Rocks Performance Based Music Education Programs

January 3, 2023

January 3, 2023

School of rock patented results driven programs combine one-on-one lessons with group band practices, making school of rock the ultimate...

Cross Lunch Off Your List With Local Meal Delivery Service For Kid Lunches

December 29, 2022

December 29, 2022

Cross Lunch Off Your List, Lunch Bunch delivers nutritious, creative and fun to eat meals for kids aged 3-10. Conveniently...

Math for Kids: Tips for Parents to Support their Child’s Learning

November 30, 2022

November 30, 2022

You know how secret agents in the movies always have a tech expert in their ears who directs them to...

Sports in Los Angeles in 2023

October 20, 2022

October 20, 2022

So 2022 is in the books and everyone is looking forward to doing things a little bit better in 2023....

How to Write an Outline for an Essay

October 13, 2022

October 13, 2022

If you want to learn how to write an essay, plenty of resources are available online. Some of them will...

Gaming is Still Growing in the US: Here Are Some of the Major Trends

October 5, 2022

October 5, 2022

One of the areas of the digital world that has evolved the fastest, is the world of gaming. The popularity...

Thunderbird Won’t Download New Messages – How to Fix It?

September 30, 2022

September 30, 2022

Thunderbird is a popular application that allows the downloading, e-mailing, attaching, and mailing of files, photos, videos, and other stuff,...

Tour a $7.9M Dollar Luxury Estate With Realtor Michele Giffin of DPP

September 12, 2022

September 12, 2022

Check out this exquisite home featured by DPP.

A Helpful Guide to Starting a Business in Santa Monica

September 2, 2022

September 2, 2022

Before you start a business, you should create a good business plan, as it’s crucial in aiding the success of...

Santa Monica Gambling Regulations: What You Need to Know

July 28, 2022

July 28, 2022

If you are planning to gamble in a Santa Monica casino, it is important to be aware of the rules...

Defining the Future of California Sports Betting: Prop 26 and Prop 27

July 26, 2022

July 26, 2022

Legalization of Sports Betting in California Ads for Propositions 27 and 26 were unmissable on television this summer. Why are...

Topic: Should College Be Free: Pros and Cons

June 28, 2022

June 28, 2022

Do you want to get familiar with the benefits of free college education? Free Education benefits a lot of students...

The Pros and Cons of Legalizing Gambling in California

April 1, 2022

April 1, 2022

The biggest prize yet for the rapidly growing sports betting industry in America is California. Considering a sizable domestic gaming...

3 Benefits of Emotional Support Animals

March 17, 2022

March 17, 2022

Emotional Support Animals are incredibly helpful animals that can provide many services to their owners. These companions differ from service...

The 5 Most Beloved Football Teams in Hungry

March 8, 2022

March 8, 2022

Taking a stroll down Budapest’s two-sided city, you wouldn’t think Hungary is a footballing nation. It’s no doubt or secret...