A few people have made more money than most after starting their investments at the right time and with a bit of luck. This article will go over some of the most famous cryptocurrency millionaires in history. These people have made millions of dollars by investing early and smartly in cryptocurrencies. We hope that this article helps you better understand how cryptocurrency millionaires think about investing!
Chris Larsen
Chris Larsen is the founder of Ripple, a San Francisco-based company that provides global payment solutions for banks and financial institutions. He is a co-founder of OpenCoin, which later became Ripple. The platform was launched in 2012 and has become one of the most popular cryptocurrencies in the world.
OpenCoin LLC released Ripple’s XRP coin in 2012 as an open-source payment network currency where all transactions are recorded publicly to avoid double-spending issues. Other digital currencies such as Bitcoin or Ethereum do not have this feature because they do not have any formal structure.
In 2013 Chris Larsen joined forces with Jed McCaleb to establish another company called Stellar Development Foundation (SDF). It aimed at improving upon what Ripple had already accomplished by creating an alternative protocol based on software.
For example, sending cash back requires specialized equipment called mining rigs, costing roughly USD 20K per rig only, which bitcoin employs today to maintain its network infrastructure demands. Still, it costs nothing since no miners are needed anymore, thanks to Proof Of Stake(PoS) algorithms being used instead!
Brian Armstrong
If you’re a cryptocurrency investor, then you know that Coinbase is the largest cryptocurrency exchange in the world. If you compare it with other newer crypto exchanges like OKX, Coinbase’s value and magnitude are huge. It makes Brian Armstrong its founder and CEO. If you’re not familiar with Coinbase, it’s a platform that allows users to trade bitcoin, Ethereum, and other cryptocurrencies against fiat currencies like USD or EUR.
The company was founded in 2012 by Armstrong, who had previously worked as an engineer at Airbnb and Odeo, which was a podcasting platform. He also worked as a hedge fund manager prior to starting up Coinbase.
In a 2015 interview with Bloomberg about his success as an early-stage investor on Wall Street: “I started investing in startups when I was still working at Odeo,” he said. “Then I spent six months at Airbnb learning how they were doing things before starting my own company.”
Vitalik Buterin
Vitalik Buterin is a Russian-Canadian programmer, writer, and entrepreneur. He is the co-founder of Ethereum and the founder of Bitcoin Magazine. He has a net worth of $400 million to $500 million, making him one of the wealthiest people in cryptocurrency.
The second richest person on this list is also very young; he was born in Russia on January 3rd, 1994. And just like Vitalik Buterin, he too came from humble beginnings. He started investing in cryptocurrency when it was still considered nothing more than an experiment. Many people thought it would never amount to anything more than just another failed idea from Silicon Valley techies.
Cameron and Tyler Winklevoss
If you are looking for some new cryptocurrency millionaires to get inspired by, the Winklevoss twins might be a good place to start.
Cameron and Tyler Winklevoss were two early adopters of Bitcoin, and they currently own one of the most popular cryptocurrency exchanges in the world, Gemini. The brothers were also among the founders of their venture capital firm, Winklevoss Capital. In 2013, they filed with regulators for an exchange-traded fund (ETF) based on Bitcoin called Winklevoss Bitcoin Trust. It is expected that funds from this ETF will launch later this year or early next year.
Brad Garlinghouse
Brad Garlinghouse is the CEO of Ripple and one of the wealthiest people in cryptocurrency. He previously worked at Yahoo as its Senior Vice President of Consumer Applications, where he oversaw all consumer-facing products, including Yahoo Mail, Groups, and Flickr.
In an interview with CNBC’s Fast Money, Garlinghouse said that Bitcoin Cash is “the only cryptocurrency I would own.” He also made headlines when he criticized Ethereum creator Vitalik Buterin’s idea for a new cryptocurrency development platform called Ethereum 2.0. “Mark my words: When EOS goes live, it will be the single biggest vaporware event in the history of crypto,” he tweeted back in May 2018.
Garlinghouse outlined his vision for how blockchain could transform society during his keynote address at Consensus 2019. “Blockchain is still at a very early stage but has the potential to be a transformative technology that can improve billions of lives around the world.”
Brock Pierce
Brock Pierce is a co-founder of Blockchain Capital, a venture capital fund that invests in blockchain technology companies. He was also involved with digital currency projects such as OneCoin and DNA Fund.
He’s been in the news for his involvement with Digital Entertainment Network (DEN), an online video sharing service created by Marc Collins-Rector, Chad Shackley, and Brock Pierce back in 1995. Once it went public, DEN became the largest user of high-speed Internet access. Brock went on to other ventures, including Bitcoin Foundation and Blockchain Capital, after the dot-com crisis. Unfortunately, the firm collapsed owing to litigation from investors who lost money on their investments.
Those Who Got in Early Made It Big and in Millions
Cryptocurrency is a very volatile market, so it’s no surprise that the early adopters who got in when the tech was still new have managed to make millions. Cryptocurrency millionaires who invest early in the initial stage are reaping its benefits that have made millions. They don’t necessarily need any more cash on hand. They’re just looking for something exciting and profitable to invest in, which tends to be cryptocurrency.