Bitcoin is a digital asset that went public in 2009. It’s built on a decentralized blockchain network that runs on a peer-to-peer system, removing the need for traditional financial intermediaries like banks and governments.
Since the debut of Bitcoin in 2009, a large number of people have mined and traded the cryptocurrency, with many becoming multimillionaires as a result. Few people could have guessed that Bitcoin would become so popular and help them make a fortune back in the day. Purchasing Bitcoin was simply a wise investment at the time, and those who got in early are now reaping the rewards.
Even though the global epidemic has wreaked havoc on significant economies worldwide, the cryptocurrency industry has continued to rise. As a result, many people have begun to dabble with cryptocurrency, but what about those who have been doing so since the beginning? You might be wondering, with Bitcoin being such a popular cryptocurrency, who owns the most Bitcoin.
Who Owns The Most Bitcoin?
1. Satoshi Nakamoto
The individual or group who invented bitcoin goes by the pseudonym, Satoshi Nakamoto. Satoshi’s exact identity has remained a mystery to this day. He is the first person to design the blockchain database and the author of the bitcoin white paper. Satoshi is thought to control around one million bitcoins, valued at almost $6 billion as of March 2020. Satoshi was working on bitcoin until December 2010, when he vanished in early 2011. Satoshi was valued at US$19 billion at the end of 2017 when bitcoin was at its peak, making him the 44th richest person on the planet.
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2. Tyler and Cameron Winklevoss
Following the late price increase in 2017, the Winklevoss brothers Tyler and Cameron Winklevoss became the first bitcoin billionaires. They claim to own 1% of Bitcoin’s total supply, which works out to about 210,000 bitcoins. At today’s pricing of $23k, the company is worth 4.8 billion dollars. The Winklevoss brothers used some of that money to start their Gemini Exchange, a prominent player in the bitcoin exchange market.
3. Barry Silbert
Digital Currency Group is led by Barry Silbert, who is also the company’s founder and CEO. The goal of the company is to hasten the global financial system’s development. They’re able to do so by establishing and promoting Bitcoin and other blockchain-based businesses.
CoinDesk, a significant Bitcoin news outlet that also hosts the annual Bitcoin industry conference, was purchased by Digital Currency Group. Barry Silbery is dubbed “The King of Crypto” because his firm has invested in over 100 Bitcoin-related businesses and is one of the world’s leading Bitcoin-related investment firms. In 2014, Barry’s Bitcoin Investment Trust claimed to have surpassed the 100,000 bitcoin mark.
4. Micheal Novogratz
Micheal Novogratz is a former hedge fund manager who was named a Forbes billionaire in 2007 and 2008. Prior to his retirement from the investment industry, he began investing in cryptocurrency. He later became the CEO of Galaxy Investing Partners, a bitcoin investment firm. In 2012, his net worth was estimated to be at $500 million.
He stated in 2017 that he has 20-30% of his fortune in Bitcoin and Ethereum, with a profit of more than $250 million. While he claims that cryptocurrencies are a bubble, he continues to invest in various cryptocurrency initiatives.
5. Changpeng Zhao
Changpeng Zhao, also known as “CZ,” is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume. CZ has a computer science background. Prior to entering the cryptocurrency space, he developed trading software for the Tokyo Stock Exchange and Bloomberg Tradebook.
In 2003, he became active in a number of cryptocurrency projects, including serving as Chief Technology Officer for OKcoin. CZ created Binance in 2017 with a $15 million initial Coin Offering. In September 2018, CZ was rated third on Forbes’ “The Richest People in Cryptocurrency” list, with a net worth of $1.4 billion.
6. Brock Pierce
Brock Pierce is an entrepreneur who co-founded Blockchain Capital, a venture capital firm. In the year 2017, the company raised $85 million from two venture capital funds. Pierce founded EOS during the 2017 ICO frenzy, raising $700 million. It was by far the most popular ICO of the year. Pierce co-founded Block.one, which was responsible for marketing the initiative. Pierce was named in Forbes magazine’s list of the “top 20 wealthiest persons in crypto” in February 2018. His net worth is estimated to be between $700 million and $1.1 billion.
7. Anthony Di Lorio
Anthony Di Lorio is a Bitcoin early adopter and investor. He was one of the co-founders of Ethereum and has been involved in the cryptocurrency sector since its inception. Di Lorio got his first bitcoin for $9.73 in 2012 after hearing about it on a podcast called Free talk live. He also invests in Qtum, Vechain, and Zcash, among other cryptocurrencies. In 2018, Forbes estimated his net worth to be between $750 million and $1 billion.
8. Joseph Lubin
Joseph Lubin is a serial entrepreneur who co-founded companies like EthSuisse, which attempts to expand the capabilities of blockchain databases. He also started ConsenSys, a blockchain software business that works with Ethereum. According to Forbes, his bitcoin net worth is believed to be between $1 and $5 billion. Lubin is actively interested in developing answers to the blockchain industry’s governance problem.
Conclusion
Bitcoin is the first and most widely used cryptocurrency, making it the most profitable investment. These are just a few of the early investors who identified a lucrative opportunity and continued to accumulate or mine Bitcoin in the early days. Nonetheless, these figures will continue to impact people’s and institutions’ future investments and other firms’ enthusiasm for incorporating Bitcoin into their operations, which will definitely increase Bitcoin’s popularity and value in the long run.
