Have you ever wondered what the rich of the world do with their money? an articleFrom the script, he names 9 billionaires who decided to invest their money in bitcoin.
billionaires, Of course, some of them have entered this field quite by accident.
- Estimated net worth: $ 40 billion
- Bitcoin Capital: 0.25 Bitcoin (approximately $ 2,300 at the time of writing)
Ilan Musk, a well-known tech billionaire who jokingly called himself the former CEO of Dodge Quinn, has invested in many areas. However, his bitcoin wealth is not so great.
In 2019, Musk announced his bitcoin assets after calling Bitcoin “extraordinary” and calling it a better medium of exchange than paper money. According to the legendary entrepreneur, one of his friends, who did not want to be named, gave him these bitcoins as a gift.
However, despite Mask’s optimism about Bitcoin and his praise for it, he has not collected more bitcoins. Mask recently tweeted to Harry Potter author JK Rowling about his bitcoin holdings.Cited Which has not stored more bitcoins.
- Estimated net worth: $ 4.3 billion
- Bitcoin Capital: Equivalent to $ 130
Surprisingly, Mark Kuban, a major investor, financial analyst, owner of the Dallas Mavericks basketball team and pessimist of digital currencies, has joined the ranks of billionaires who own bitcoins. Kuban, the person who saidPrefers “Have bananas instead of bitcoins” recently announced that it has about $ 130 bitcoins.
The entrepreneur has joined the ranks of bitcoin investors thanks to the collaboration of the Dallas Mavericks and the Bitcoin processor, Bitpay.
In an interview with the Pomp podcast, Kuban said:
We are now accepting bitcoins. Please go and buy everything with Bitcoin. I have no problem with this. I think I got $ 130 in bitcoin. This is all the bitcoins I have right now.
Paul Tudor Jones
- Estimated net worth: $ 5.1 billion
- Bitcoin Capital: About 1 to 2 percent of the portfolio (approximately 2 bitcoins, valued at less than $ 18,500)
One of the leading Wall Street figures who has now become a supporter of Bitcoin is Paul Tudor Jones, another newcomer to the Bitcoin world on the list. In an interview with CNBC in May, Jones noted that “one percent” of his entire portfolio is Bitcoin.
In addition, Jones went beyond praising his new fortune NoteHe presented to shareholders, arguing that bitcoin is a cover against inflation caused by the corona virus. He explained in this regard:
I’m not a fan of digital currencies. Ultimately, the best strategy for maximizing profits is to have the fastest horse [referring to horse racing betting, which is common among the rich]. If I have to predict, I bet on bitcoin.
- Estimated net worth: $ 1.3 billion
- Bitcoin Capital: Unknown
Perhaps it is not strange that Armstrong is on this list. Unlike previous people on the list, Armstrong, as the founder of CoinBase, became acquainted with Bitcoin earlier than anyone else. He founded CoinBase in 2012, when Bitcoin was only worth $ 10.
According to the Fortune website, although the exchange manager does not comment much on his assets, he appears to own more Atrium than he does with bitcoin. In fact, Armstrong believes in penins rather than in bitcoin.
Jack Dorsey ( Jack Dorsey )
- Estimated net worth: $ 4.7 billion
- Bitcoin Capital: “Enough”
Twitter CEO and staunch supporter of Bitcoin, Jack Dorsey, has been fascinated by Bitcoin for years. He even offered to buy bitcoins for his clients in 2018 through his payment company, Square.Provided. Since then, Dorsey has argued that Bitcoin could be the currency of the Internet, and even White Paper called it a “literary poem.”have read.
However, like Armstrong, Dorsey does not talk much about his bitcoin assets. “Enough,” he wrote in a tweet in response to how much bitcoin he has. However, according to him, he still bought more bitcoins and maximized his bitcoin amount on the Cash App. Cash application is related to Square payment services.
Changpeng Zhao nicknamed CZ
- Estimated net worth: $ 2.6 billion
- Bitcoin Capital: At least 1,667 bitcoins (over $ 15 million)
Changpeng Zhao is the first person on this list 100% of his assetsDedicated to digital currencies. Most of his assets include Bitcoin and Binance Coin, the native asset of Binance Exchange.
In 2013, Zhao was playing poker with BTCC Bitcoin exchange founder Bobby Lee in Shanghai, China. Lee told him to invest 10 percent of his stock in bitcoin. Shortly afterwards, Zhao sold his house for $ 1 million and invested it in bitcoin. At the time, bitcoin was worth $ 600, which, with Zhao’s capital, was roughly equivalent to 1,667 bitcoins. That bitcoin is now worth more than $ 15 million. Zhao has confirmed that he has not yet touched the coins.
In addition, Zhao has increased its assets ever since. In February 2018, Forbes estimated Zhao’s net worth at $ 1.1 billion. AlthoughBitcoin priceSince then it has declined, and Bainance earnings have grown significantly. The increase in profits of this exchange is largely due to its new features, including the possibility of derivatives trading.
- Estimated net worth: $ 1.8 billion in total
- Bitcoin Capital: As of April 2013, one percent of all available bitcoins
The Winklawas twins, formerly one of Facebook’s staunchest enemies and considered themselves the main founders of the social network, have now become prominent figures in the field of digital currencies by raising significant amounts of bitcoin. At present, these individuals are said to own one percent of all available bitcoins, which at the current price of bitcoin ($ 9,300) is equivalent to about $ 1.7 billion.
After winning a lawsuit against Facebook co-founder Mark Zuckerberg, the Winklowas twins invested $ 11 million in compensation directly in bitcoin and then set up a Gemini digital currency exchange.
According to the book Bitcoin Billionaires, Winklows twins protect their bitcoins with complete security. They bought several new computers, created bitcoin wallets, used complex codes to share their private keys or passwords for wallets, and printed them on several pieces of paper. The pieces of paper were then placed in various safe deposit boxes throughout the United States. Currently, the same strategy is used to protect bitcoins in Gemini Exchange.
Tim Draper ( Tim Draper )
- Estimated net worth: $ 1 billion
- Bitcoin Capital: More than 30,000 Bitcoins (over $ 270 million)
The Draper team, a major investor in online startups, has a long history of investing in high-yield assets. At the 2014 U.S. Police Auction, Draper won 30,000 bitcoins seized from drug dealers. Since then, he has become a fan of this digital asset, to the point where he sells his stock and buys bitcoins with it.
“Draper told CNBC in response to how much of his stock has been converted to bitcoin:
Too much, too much, too much!
Draper close to the recent bitcoin hawing, his prediction about the future of bitcoin prices Doubled. He explained in this regard:
I was quite sure that the price of Bitcoin would reach $ 250,000 by 2020, or early 2023, but I did not know that the dollar was going to fall. Little did I know that $ 9 trillion was going to be printed to lower the price and make the flow attractive to Bitcoin buyers.
He also added:
I now predict that prices will rise over the next six months, and by 2022 or 2023, the process of using bitcoin as much as we use the dollar will begin and expand.
- Estimated net worth: $ 1 billion
- Bitcoin Capital: About 5% of Bitcoin in circulation (until 2013)
Chamat Palihapitiya, founder of Social Capital Investment Company and former CEO of Facebook, invested in Bitcoin in 2013. Palihapitia paid $ 80 per coin at the time, claiming to own about 5 percent of all bitcoin working capital.
On April 3, he explained the conditions for Bitcoin to enter the mainstream and be widely accepted in the digital currency. Palihapitia said in this regard:
Bitcoin could be a substitute for a value transfer that makes Fiat money worthwhile, but it only happens when the US dollar falls sharply.
But when it came to the concept of bitcoin as a potential alternative to Fiat currencies, Palihapitia said:
One thing to keep in mind is the fluctuations of the US dollar. You can’t replace it with something that fluctuates 9 sigma more than the dollar.