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Digital Currency Investors in the Forbes Billionaires 2021 List

Forbes Magazine’s list of 2021 billionaires has been published, and the list includes 12 digital currency billionaires who were not on the list until last year. It seems that the increase in the value of bitcoin and other digital currencies has multiplied the capital of many activists in this field and opened their way to the world of billionaires.

The people on this list have at least $ 1 billion in net worth. This issue has even attracted the attention of Forbes magazine and them an article Have published about this issue on their website.

The following is an excerpt from this article, in which we introduce 12 people who have been included in the Forbes list of billionaires as a result of their activities related to digital currencies.

An overview of digital currency developments over the past year

The days and months that passed were full of change for fans and investors of digital currencies; Changes that, despite all the worries, have been sweet overall.

In March 2020, at a time when the US economy was declining, panicked investors sold their high-risk stocks and assets at low prices and turned them into cash and safe-haven securities.

The price of Bitcoin fell by 50% in one day, and as a result, other digital currencies fell sharply. People were trying to prepare for the vague days ahead and prevent further damage.

But exactly 12 months after that happened, the page turned completely and the situation for digital currencies changed. After a disappointing year, the market was now turning its back on digital currency investors. Everything was so good that we had never seen such a clear horizon for digital currencies before.

The price of Bitcoin experienced a huge leap at the beginning of 2021. The value of bitcoin for a short time even exceeded $ 60,000. Other digital currencies also experienced almost similar growth following the growth of bitcoin, bringing the total market capitalization of digital currencies to more than $ 1.5 trillion.

Now, over time, large corporations have joined the digital currency industry. Companies like Square and Tesla put bitcoins on their balance sheets. Old and large financial companies, such as BNY Mellon Bank of New York, the oldest national bank in the United States, are building products related to digital currencies. Even the Federal Reserve is involved, and is considering launching a digital dollar.

With the growth of digital currencies, the number of members of the Three Comma Club, also known as the 3CC, has increased. Terry comma simply means billions of dollars. These three commas symbolize the three commas that exist in the integer $ 1,000,000,000. People with assets worth at least $ 1 billion are members of the club.

As mentioned above, 12 billionaires in the field of digital currencies in 2021 were included in the list of Forbes billionaires. It is interesting to know that this number was only 4 last year. The 12 billionaires are “investors”, “infrastructure developers” and “founders” of digital currencies. The presence of these people shows how the digital currency ecosystem is evolving and who is making a profit these days.

Early Bitcoin investors

People who knew bitcoin early on and started buying bitcoins early have become current millionaires. Meanwhile, those who initially squandered and invested more money in buying bitcoins have now earned the title of “billionaire.” In this part of the article, we are going to introduce some of the first bitcoin investors who have now entered the world of billionaires.

Winclaus Brothers

Winclaus Brothers

  • ‌‌Net worth: $ 3 billion each
  • Time to be on the Forbes list: 2021 – Newcomer
  • Position: Founders of Gemini Exchange And the Nifty Gateway platform
  • Rank in the Forbes list: 1073

Cameron Winklevoss and Tyler Winklevoss, twin brothers and former Olympic rowers who also sued Facebook, were able to buy $ 65 million in bitcoin to increase their initial capital to $ 3 billion ($ 6 million each). Billion dollars in total).

The Winklows brothers started buying bitcoins in 2012, and their early entry into the digital currency market brought them such wealth. They then launched the Gemini Digital Currency Exchange and purchased the Nifty Gateway digital art auction platform.

Also read: Bitcoin billionaires book published in collaboration with Digital Currency; A true story of genius, betrayal and salvation

Michael Silver

Michael Silver

  • Net worth: $ 2.3 billion
  • Time to be on the Forbes list: 2021 – Newcomer
  • Position: CEO of MicroStrategy
  • Rank in the Forbes list: 2000

Michael Saylor, CEO of MicroStrategy Software and Business Intelligence, after the explosion حباب دات کام, Lost a huge fortune. The .com bubble was a rapid rise in the value of US tech stocks that eventually subsided after a while.

Silver initially bought bitcoins at a low price and now has $ 2.3 billion in assets. Silver bought Bitcoin for himself and his company at the time, boosting his company’s stock value.

Matthew Rozak

Matthew Rozak

  • Net worth: $ 1.5 billion
  • Time to be on the Forbes list: 2021 – Newcomer
  • Position: Co-founder and President of Bloq
  • Ranked in the Forbes list: 2035

Matthew Roszak, a longtime fan of digital currencies, realized the value of bitcoin in 2011 and in the early days of launching it, and started buying bitcoins. The value of his investment has now grown to a staggering $ 1.5 billion.

Razak is now the chairman of Block Company (Block) Is a Blockchain infrastructure company and is also involved in initial investment in digital currency startups.

Tim Draper

Tim Draper

  • Net worth: $ 1.5 billion
  • Time to be on the Forbes list: 2021 – Newcomer
  • Position: Co-founder Draper Fisher Jurvetson
  • Ranked in the Forbes list: 2035

In 2014, Silicon Valley venture capitalist Tim Draper bought 29,656 confiscated bitcoins from the Silk Road black market for $ 18.7 million. He paid only $ 632 for each bitcoin. His current fortune has reached $ 1.5 billion.

Digital Currency Infrastructure Developers

With the growth of the digital currency industry, the demand for companies that facilitate digital currency trading has also increased. These companies are designing and launching infrastructure related to this field. Rising demand for this infrastructure and the resulting boom in the business of such companies have made some of the founders of these companies the world’s largest billionaires. In this section, we will get acquainted with some of these developers.

Sam Bankman Freud

Sam Bankman Freud

  • Net worth: $ 8.7 billion
  • Time on the Forbes list: years 2021 – Newcomer
  • Position: Founder and CEO of FTX and Alameda Research
  • Ranked in the Forbes list: 274

Bankman Fried (so far) is the richest billionaire in the world of digital currencies. He is 29 years old and a graduate of MIT. Fried founded Alameda Research and FTX, a popular derivatives exchange. He made headlines in 2020 with a $ 5 million donation to a large political committee that supported Joe Biden’s presidential campaign.

Brian Armstrong

Brian Armstrong

  • Net worth: $ 6.5 billion
  • Last year’s capital: $ 1 billion
  • Position: Co-founder and CEO of Coinbase
  • Ranked in the Forbes list: 404

The fortune of Brian Armstrong, CEO and co-founder of Coinbase, more than doubled over the past year amid a boom in digital currency investment.

Coin Base has established himself as the most prominent digital currency exchange in the United States Stabilize. The exchange earned more than $ 1 billion in revenue last year, and it was recently announced that its shares were listed on the stock exchange.

Fard Ersam - Billionaires of digital currencies

Ersam person

  • Net worth: $ 1.9 billion
  • Time on the Forbes list: years 2021 – Newcomer
  • Position: Paradigm CEO and Coinbase board member
  • Ranked in the Forbes list: 1664

Fred Ehrsam co-founded Coin Bass in 2012 with Armstrong. He left the company in 2017; But he is still a member of the board. His company stock, which accounts for about 6 percent of the company, is valued at $ 1.9 billion. Ersam currently manages Paradigm, a digital currency-focused investment company.

Changpeng Zhao - Billionaires of digital currencies

Changpeng Zhao

  • Net worth: $ 1.9 billion
  • Time to be on the Forbes list: Again in the year 2021 – He is already a member of this list.
  • Position: Founder inBinance
  • Ranked in the Forbes list: 1664

Changpeng Zhao, co-founder of Bainance Digital Currency Exchange, is back on the list of billionaires. The increase in the global participation rate of investment in digital currencies has increased the value of Bainance. Zhao is estimated to own 30% of the company.

Barry Silbert - Digital Currency Billionaires

Barry Silbert

  • Net worth: $ 1.6 billion
  • Time on the Forbes list: years 2021 – Newcomer
  • Position: Founder and CEO of Digital Currency Group
  • Ranked in the Forbes list: 1931

The bulk of Barry Silbert’s fortune is owed to Digital Currency Group. Carney Group Digital is a large digital currency related financial company founded by Silbert in 2015.

Subsidiaries of this holding include the CoinDesk news site and Scale Asset Management Company (Grayscale) Cited. Gary Scill, a digital subsidiary of Currency Group, manages $ 44 billion in assets in the form of bitcoin, ether and other assets.

The founders of the new digital currencies

While the fortunes of Satoshi Nakamoto, the anonymous creator of Bitcoin, are still unknown, the fortunes of the founders of other digital currencies are no secret; Because most of their wealth is generally registered in the Blockchain. In the final part of the article, we will introduce two billionaires who both happen to be the founders of Ripple.

Chris Larsen

Chris Larsen

  • Net worth: $ 3.4 billion
  • Last year’s capital: $ 2.6 billion
  • Position: Co-founder of Ripple Labs
  • Ranked in the Forbes list: 891

After the rise of the XRP token, the fortune of Chris Larsen, co-founder and chairman of Ripple, increased by $ 800 million. He owns more than XRP 3 billion and a 17% stake in Ripple Labs.

Read more: What is Ripple? All about Ripple and XRP

The grandfather of Mecca Caleb

The grandfather of Mecca Caleb

  • Net worth: $ 2 billion
  • Time on the Forbes list: years 2021 – Newcomer
  • Position: Co-founder and Technology Manager of Stellar
  • Ranked in the Forbes list: 1580

The bulk of the fortune of Jed McCaleb, another co-founder of Ripple, is X 3.4 billion XRP. He also owns 1 billion Stellar Lumens; Digital currency, which he founded in 2014 after a disagreement with his colleagues in Ripple.

Read more: What is Stellar? Everything about Stellar + Video


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