10 Early Cryptocurrency Investors Who Made Huge Profits From Buying Bitcoin
10 Cryptocurrency Early Investors That Made Huge Profits
“Only those who dare to fail greatly can ever achieve greatly”. Robert Kennedy
Cryptocurrency in its earlier years was believed to be of very great risk and only people that had the capacity to take great risks invested in it, Cryptocurrency is known for its decentralization and diversity, unlike the normal financial systems, the crypto market is not tied in one structural body; it is dispersed over a great number of areas which makes it’s highly unregulated and very volatile,
Despite this, some investors took the giant leap to invest in the market, these investors come in two sets of people those who own little amounts, and those who own large amounts of crypto assets by investing heavily, these people own humongous amounts of cryptocurrency, these are the individuals that have invested millions into the crypto market.
Some of them played very huge roles in pushing for the mass adoption of cryptocurrency, some of them pushed cryptocurrencies forward from the start, investing in Cryptocurrency when it was just starting, before the hype , and the glitz and glam they did not just talk and make noise on twitter like some people they did it. And they made lots of profit on their investments.
Investors In Cryptocurrency And Their Investment
The Winklevoss brothers
Let’s start with one of the most popular, Cameron Winklevoss and Tyler Winklevoss, known all around the world for their case against Mark Zuckerberg, the owner of Facebook, when the company was still young, well the brothers walked away from the case with 11 million dollars in their pockets, which they dumped into Bitcoin, and when Bitcoin rose in 2017, that 11 million dollars became a fortune.
With this fortune they both founded their own cryptocurrency the Gemini dollar, the value of the Gemini dollar, when converted into dollars is always 1.
Michael is one of those people who would quit their jobs and then join the crypto hustle, and he did just that –though not in exact terms-, he started a cryptocurrency hedge fund in 2017 which has come to grow so much that it was listed on Ripple’s XRP and some startups in Blockchain.
He is a controversial speaker, he said cryptocurrencies, when starting up constitute a very high risk, but at the same time, he has invested heavily in cryptocurrencies. He is very active in notable cryptocurrency conferences around the world.
Quite different from the others he owns one of the biggest names in the crypto world, Pantera Capital. Pantera Capital is an investment firm that funds a host of other companies, and one of them is Block folio one of the most used crypto wallets. Pantera Capital manages over $500 million dollars’ worth of crypto assets and is one of the first companies to have invested in cryptocurrency.
Silbert is an Entrepreneur whose venture is other entrepreneurs, he is also the founder of the Digital Currency Group which has the vision to invest as many promising crypto companies as possible.
How did he start? Well, Silbert started big crypto work when he bought the last Bitcoins available for $16 million, at an auction in 2014… Fortunately -a word used a lot of times when talking about people who invested early in Bitcoin– his $16 million is now $168 million dollars. He is also an active member on Twitter when it comes to matters on blockchain.
He is not so popular but his cryptocurrency history is pretty amazing, he is one of those strong head crypto investors, while in college he disobeyed the words of his “well-meaning” college advisor and put everything he had in his savings into the purchase of Bitcoin, you can imagine the outcome. He is also one of the first people to be employed by the well-known Coinbase and yet another amazing fact is that he was paid $50,000 as salary and all of it was in Bitcoin. He now runs a company that is worth $1 billion through its value has drastically fallen because of the current nature of the market.
The most remarkable thing about Olaf is the way he viewed Bitcoin at the very beginning, he saw in the seed a forest, and this earned him the title crypto OG, meaning crypto original gangster.
Ari David Paul
He is one of the Lords in the crypto sphere and occupies different prominent positions when it comes to the world of cryptocurrency. He currently runs a company BlockTower Capital which manages a fortune of over $130 million.
Like Donald Trump, Paul is very visible on Twitter, sharing his thoughts which are quite insightful on the current affairs of cryptocurrency and the market.
Just like Silbert, he became famous, for his purchase of 50,000 Bitcoin from the same Silk Road auction which had been seized by the U.S. Marshals office. After this he became a crypto evangelist preaching the good news of crypto, even prophesying that bitcoin will rise to $ 10,000 in 2017 and it came it pass.
He has made yet another prediction that Bitcoin will rise up to $250,000 dollars in the year 2022.
He is referred to in the crypto world as Pomp and is the founder of Morgan Creek Digital and like Silbert his company’s interest in creating avenues for others to invest in blockchain technology and its digital assets.
He did one of the craziest things any crypto investor could; he made an open bet of $1 million dollars that Bitcoin will eclipse the S&P 500 in 10 years, which goes against the theory of Warren Buffet that nothing can beat the market in just 10 years of its run.
The last but not the least is Mike Novogratz, he is a man who has 30% of his net worth in crypto assets that is large because mike happens to be a multi-millionaire who was at one point a hedge fund manager at Goldman Sachs, he also helped raise $250 million for Galaxy Digital which it invested in the acquisition of cryptocurrencies.
As of today, he has increased his ownership stake in the Galaxy Digital company to 80%, which proves his strong belief in the potential of cryptocurrency.
“An intelligent investor sees an opportunity in dip than risk.”
― Mohith Agadi
despite the high volatility in cryptocurrency, naysayers like the Oracle of Omaha Warren Buffett and the likes of him, a lot of believers in the potential of cryptocurrency have made a lot of profit on their investments,
Despite the dip in the value of Cryptocurrency which has made a lot of cryptocurrency investors back out of crypto, selling most or all their crypto assets,
A lot of Investors continue to believe that cryptocurrencies is the future and it has come to stay, These investors weren’t lucky they just chose the right side, you should too.