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Who Are The Top 5 Bitcoin Millionaires

Bitcoin is the king of cryptocurrency and one of the most valuable entities in the financial world. The currency is truly taking a place among economies worldwide. This has led everyone wanting to know about the tycoons of the industry.

By tycoons, we mean the people that have reached the millionaire club in the bitcoin world. They did not do it overnight, it took them years of planning, investment, trading, purchasing, and mining the cryptocurrency.

The actual number of bitcoin millionaires is unknown. This is because the crypto is stored in virtual wallets. While these wallets and the amount contained within is public knowledge, the people who own them are protected. Besides, a single bitcoin user can own multiple wallets, so it is impossible to determine the actual number of users of Bitcoin.

List of Top Bitcoin Millionaires:

Here are the top 5 Bitcoin Millionaires.

Jared Kenna:

Who Are The Top Bitcoin Millionaires

The first ever purchase of Jared Kenna was a batch of $0.20 apiece. He later sold them for $258 apiece. Smart move! In 2010, he also lost $200k in Bitcoin but that did not stand in the way of him to continue his Bitcoin adventure. Jared Kenna is considered to be the richest but he refuses to disclose his real worth.

Winklevoss Twins:

Who Are The Top Bitcoin Millionaires

The Winklevoss twins, who are also Facebook litigants joined the Bitcoin millionaire club long before the crypto was popular. According to the New York times, the twins have racked up around 11 million from their investments and are one of the top Bitcoin investors out there.

Charlie Shrem:

Who Are The Top Bitcoin Millionaires

Charlie Shrem came across Bitcoin in 2011. His first purchase was a batch that cost $3-4 apiece. He later went on to buy a thousand more when they hit $20 apiece. Charlie Shrem also owns a company ‘BitInstant’ that allows people to buy Bitcoin in a physical store.

Roger Ver:

Who Are The Top Bitcoin Millionaires

Ver started investing in bitcoin in 2011. His first ever investment was in Charlie Shrem’s BitInstant. The investment enabled the company to hire their first programmer and a designer. The other significant investments of Roger Ver are:

  • Ripple
  • info
  • Kraken

Yifu Guo:

Who Are The Top Bitcoin Millionaires

Yifu Guo made his first bitcoin investment when he was a student at the New York University. Then he went on to form Avalon – a company which is responsible for building necessary gear required for bitcoin mining. Guo’s goal is to raise awareness among the common folk about bitcoin and ensure network availability over the long period of time.

Final Word:

These are some top millionaires of Bitcoin world. There are more, but mentioning them all is out of bounds. This is because some choose not to disclose their identity while the others – their assets. So, it’s extremely hard to compile a full fledge list.

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How to Make Money with Bitcoin Faucets (in less than 30 minutes)

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A look inside America’s largest Bitcoin mining operation

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Dave Carlson, who owns America’s largest bitcoin mining operation could be mining as much as $8 million worth of bitcoin every month. However, Dave dismisses this figure as ‘exaggeration’ and ‘fake news’ created by media.

With the mainstream media proceeding to paint bitcoin mining operation as modern age gold rush, Carlson’s story has been of particular interest, regardless of whether it hasn’t generally been put in the correct context.

To be fair, though, evaluations of his potential earnings don’t appear to be far-fetched when you consider he went from driving a $300 Honda to directing the largest bitcoin mining operation in America in simply under a year, and that bitcoin mining is still broadly misunderstood.

All things considered, when the facts are examined, his business is no less impressive.

Tags: Bitcoin videos, bitcoin mining

To get to the truth of his story, CoinDesk addressed Carlson about the increased attention his Washington-based bitcoin mining operation (he refused to disclose the location) is getting, how he assembled the organization and how it earned $8m a month when bitcoin costs were close to their peak.

“I used to spend long hours configuring servers, assembling rigs, and connecting cables. I now have a technical team that covers assembly, deployment, facilities, optimization, and management. I invest the greater part of my energy dealing with the bigger issues the organization faces in regards to future development and operations.” said Carlson to sum up his business growth.

 

Credits: CoinDesk.com

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Bitcoin Experts Warn Users; say Bitcoin Will Experience a Drop

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The bitcoin market worries experts

At the moment, the value of bitcoin is sky rocketing due to the rising demand of the cryptocurrency.  This has led many experts to believe that a fall is expected in the market soon. Currently, Bitcoin is preparing to reach a new record as it is on the journey of going from $4,031 to $4,500.

Bitcoin value has increased by 60% in the past month and experts are predicting that something could go very wrong in the market.

The reason behind bitcoin’s drive to such high notes is that a larger number of people have begun to obtain bitcoin and this increased demand has led to increasing the market capitalization of the cryptocurrency.

The head of investment strategy at Black Rock, Richard Ternhill, recently commented on the Cryptocurrency Exchange situation as “terrifying”.

In the meantime, Goldman Sachs specialists predict that the bitcoin price is expected to experience a sharp drop and its duplicates would downfall to zero. They are expecting the price to drop to $1,800.

 

Story Credits: marketsmorning.com

Image Credits: shutterstock.com

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