Top 10 Richest Bitcoin Millionaires – Richest Bitcoin Millionaires in 2017
Gavin Andresen – $2 million
Although Satoshi Nakamoto is often credited as the main developer of Bitcoin, Gavin Andresen made it what it is today. Andersen has been rumored to be Satoshi himself, a claim which he denies. Instead, he states that he was closely corresponded with the developer for many years. He was chosen as Nakamoto’s “successor” of sorts in 2010, and maintains the source code of Bitcoin to this day.
As time passes, Gavin Andresen speculates that Bitcoin will require less maintenance. While Andresen needs to work less, Bitcoin’s value will continually rise. The developer has already cashed out multiple times – he was once paid over 200,000 by the Bitcoin Foundation for his contributions. Of course, he accepted that payment in Bitcoin.
Yifu Guo – $5 million
In order for Bitcoin transactions to be processed and added to the transaction record (known as the blockchain), they must be solved with computing power. Since Bitcoin is peer-to-peer, users are responsible for mining. They are rewarded with Bitcoins for this mining. Users previously used their GPU’s computing power to add to the blockchain, until NYU student Yifu Guo engineered the first purpose-built Bitcoin miner.
Yifu Guo founded Avalon in 2012. The company’s miners became so popular they were sold out as soon as they were produced. Miners retailing for several hundred dollars were selling for many times more. Guo left the Avalon project after a year. Several other companies began selling Bitcoin miners after Avalon, but Guo was the first to become a Bitcoin millionaire selling such miners.
Winklevoss Twins – $11 Million
Tyler and Cameron Winklevoss rose to prominence after their legal battle with Facebook founder Mark Zuckerberg. The pair have launched numerous successful business ventures, and their investments in Bitcoin alone have earned them $11 million. The twin’s combined net worth is $400 million.
The Winklevoss twins have funded several Bitcoin-related ventures. They invested $1.5 million in fellow Bitcoin entrepreneur Charlie Shrem’s company BitInstant in 2013. In 2014, they created the Winkdex, a financial index that tracks the average price of Bitcoin. The Winklevoss twins even created their own Bitcoin exchange, Gemini in 2015.
Tony Gallippi – $20 Million
Entrepreneur Tony Gallippi was one of the first people to found a Bitcoin payment processor. The company BitPay, is one of the most popular of its kind. It processes over $1million dollars’ worth of payments every day. It was also one of the first companies to have agreements with major retailers.
In 2014, BitPay employed over 80 people. Gallippi stated he aimed to have over one million merchants enrolled by 2016. Prolific investors and business tycoons such as Richard Branson, Jerry Yang, and Li Ka-Shing have also invested in Bitcoin.
Jered Kenna – $30 Million
Former United States Marine Jered Kenna got his start when Bitcoins were only 20 cents per coin. Intrigued, he invested a large amount of money in the currency, which paid off after several years. His first Investment venture provided him with enough funds to launch several business ventures. His first company was Tradehill, a Bitcoin dark (anonymous) mining pool – Kenna was the first to pioneer dark mining pools.
Kenna now runs a craft brewery in Colombia (the brewery accepts Bitcoins of course). He has also opened 20Mission in San Francisco, a collaborative workspace for startups and entrepreneurs.
Dave Carlson – $35 Million
With enough hardware, Bitcoin mining can be an extremely profitable venture. Dave Carlson is likely the first Bitcoin millionaire to have mined their way to riches. After founding the company MegaBigPower from his basement, he began to mine on an industrial scale. Carlson reported that he made over $8 million per month in 2016 from his 2,000 square foot warehouse.
Antonopoulos is a consultant on several Bitcoin-related startups and permanent host of the Let’s Talk Bitcoin podcast. He served as head of the Bitcoin Foundation’s anti-poverty committee until 2014, resigning due to disagreements with its management. In a statement explaining the reasons for his resignation, he said “I can no longer have even the smallest association with the Bitcoin Foundation, because of the complete lack of transparency.”
In January 2014, Antonopoulos joined Blockchain.info as Chief Security Officer. In September 2014 he left the CSO role and became an advisor to the board.
Antonopoulos was an outspoken critic of the Mt. Gox Trading Platform as early as April 2013, calling it “a systemic risk to Bitcoin, a death trap for traders, and a business run by the clueless”. In February 2014, following the closing of Mt. Gox, Antonopoulos published a further analysis of the collapse and its effect on the greater Bitcoin ecosystem.
In April 2014, Antonopoulos organized a fundraising campaign for Dorian Nakamoto, who was identified in a Newsweek article as the creator of Bitcoin, Satoshi Nakamoto. The reporting techniques used in the article were controversial among both journalists and Bitcoin community members. The fundraiser, intended to assist Nakamoto after the attention he received as a result of the article, raised 50 Bitcoins, worth $23,000 at the time.
On October 8, 2014, Antonopoulos spoke in front of the Banking, Trade and Commerce committee of the Senate of Canada to address the senators’ questions on how to regulate Bitcoin in Canada. In his testimony, he warned senators against premature regulation of Bitcoin, stating “Wait until the technology is better understood by all of us … There are many applications based on this model — would stifle this technology in its early days.
Nicolas Cary is an American businessman, best known as the co-founder of Blockchain.info and a philanthropist.
In 2014, as CEO of Blockchain, Cary led the biggest round of venture capital financing in the digital currency sector at that time, closing $30.5m from investors such as Lightspeed Venture Partners and Richard Branson.
In 2015, Cary was named “European Digital Leader of the Year” by ICT Spring.
In 2017, as President of Blockchain, Cary helped raise another $40m from investors including Google Ventures. Cary believes that blockchain technology can improve society through global, transparent digital payments and IoT applications.
Cary made the first Bitcoin donation to a university in the US, his alma mater, the University of Puget Sound. Cary is also a co-founder of skysthelimit.org, the digital platform of Youth Business USA, a 501(c)(3) nonprofit.
Ver began investing in Bitcoin in early 2011, the first investment he made was for Charlie Shrem’s BitInstant. He invested over a million dollars into new bitcoin related start-ups including Ripple, Blockchain.info, BitPay and Kraken. In 2011, his company MemoryDealers was the first to accept Bitcoin as payment. His early advocacy for Bitcoin earned him the moniker of Bitcoin Jesus.
In 2012, he created bitcoinstore.com with hundreds of thousands of items available for purchase with Bitcoin. He is also the CEO of Bitcoin.com, and owns its domain name. Ver gained control of Bitcoin.com in April of 2014.
He is one of five founders of the Bitcoin Foundation, and wants Bitcoin to rival major fiat currencies. He is one of the main proponents of a larger block size and supported the development of Bitcoin XT as a hard fork method towards an increase.
Satoshi Nakamoto – $1.1 billion
Becoming a Bitcoin millionaire is possible, but what does it take to become a Bitcoin billionaire? Doing so would be incredibly difficult unless one was involved from the beginning – or if they created the currency themselves.
The name Satoshi Nakamoto is likely not the real name of Bitcoin’s creator, simply a pseudonym. Numerous attempts have been made to uncover the enigmatic creator of Bitcoin’s true identity, to no avail. Few records of Nakamoto exist other than e-mail correspondence records between him and Bitcoin developers. What is known about him however, is that he currently holds 1.1 million Bitcoins – worth over 1.1 billion today.
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