Fortuitous and richest cryptocurrency millionaires of the cosmos.
Opening remarks
The cryptocurrency market is most often compared to the traditional stock market, but the only difference is that cryptocurrencies are completely digital and online. There is no physical existence of currency, in the case of cryptocurrencies. As the cryptocurrencies are in their developmental stages, initiated in 2009 with the Inception of Bitcoin, the cryptocurrency market is highly unpredictable. This unpredictability of the market has spawned the richest cryptocurrency millionaires over the period of few months.
Below is the list of top 10 richest cryptocurrency millionaires.
1. Chris Larsen
Chris Larsen, Founder, and CEO of Ripple top the list with over $7.5 – 8 billion net worth. He founded Ripple in 2012, which became the sorted protocol, for many major financial institutions, as it effectively improved the overall functioning through it’s Real Time Gross Settlement system. Chris Larsen was a major stakeholder in Ripple after co-founding some of the other prominent financial firms like E- Loan and Palo Alto funding group.
2. Joseph Lubin
Joseph Lubin, The Canadian entrepreneur and the co-founder of Ethereum network stand second on the richest cryptocurrency list with over $1 – 5 billion of crypto net worth. Apart from being the founder of a 600 employee based mammoth software firm named, ConsenSys. He is also one of the masterminds behind the Ethereum project, along with a major stakeholder, with which he grabbed a billion-dollar fortune.
3. Changpeng Zhao
Changpeng Zhao, The CEO of Binance, the world’s most popular and largest cryptocurrency exchange. Prior to entering his entrepreneurial venture, he was a coder. It is estimated that within a year the cryptocurrency exchange was able to attract 6 million users from all over the globe. The exchange, which was originally founded in China, had to move its operations to Malta, considering the Crypto ban in the country.
4. Tyler Winklevoss and Cameron Winklevoss
Tyler Winklevoss and Cameron Winklevoss, The twin brothers have been in a constant controversy with Facebook and are estimated to hold $900 million to $1.1 billion worth of crypto each. However, it is rumored that the settlement amount which they received from Facebook regarding the closure of the lawsuit was invested in the Crypto field which in turn rendered them to become overnight millionaires.
5. Matthew Mellon
Matthew Mellon, Estimated to have been worth $900 million to $1 billion, died at the age of 54 in Mexico. The reason being, consumption of a hallucinogenic drug at a rehabilitation center in April 2018. He is probably the only richest millionaire who is not related to any huge Crypto institutions.
6. Brian Armstrong
Brian Armstrong, Founder and CEO of another most popular cryptocurrency Exchange, Coinbase, has around $900 million – $1 billion net worth in crypto. The Entrepreneur cum actor has enacted in ‘ The rise and fall of Bitcoin.’ The San Francisco based Coinbase was founded in 2012 and currently serves almost 32 different countries around the globe.
7. Matthew Roszak
Matthew Roszak, Standing 7th in the top richest crypto millionaires, Matthew is well known for finding companies like Bloq and Tally. The crypto millionaire considers himself to be highly fortunate and early to invest in the cryptocurrencies. Also popular as ‘Matt’, he is worth $900 million to $1 billion.
8. Anthony Di Iorio
Anthony Di Iorio, One of the most influential persons in the crypto space, apart from being the co-founder of Ethereum, stands at 8th position in the list of top richest crypto millionaires. With $750 million – $1 billion worth in crypto. The evangelist has also founded companies like Jaxx and Decentral.
9. Brock Pierce
Brock Pierce, One of the key members in the EOS project, which managed to raise the maximum amounts of funds in 2017 during its ICO. His designation was shifted towards, as a Chief strategy officer in March 2018, later which he willingly resigned from it. As a child, one of the richest crypto millionaires was an actor.
10. Michael Novogratz
Michael Novogratz, The CEO of Galaxy Digital and an ex-hedge fund manager is last on the list of top richest crypto millionaires. With $700million – $1 billion of estimated worth, he assumes himself as ‘The Forrest Gump of Bitcoin.’
Closing thoughts
Almost each and every single Crypto enthusiast would remember December 2017, throughout their life, when the price of Bitcoin had reached a staggering $20,000. This incident is enough to showcase the uncertainty of the Crypto market. This incident alone had given rise to a number of richest millionaires, a post which the institutional investors along with the venture capitalist have jumped on to the investment bandwagon in order to shell out some money
