Who Are The Multi-Million Dollar Darlings Of The Cryptocurrency Investment Space? Here’s 10 To Know
10 People With Millions In Crypto
Crypto technology has brought with it a diverse set of “believers” and investors around the globe. An abundance of investors have flocked to the market, especially since the 2017 boom, most are small investors but some have invested (and made) millions.
The ones with the biggest piece of the pie are often those who have been there since the beginning before anyone else really understood or believed in this tech. Despite the market cap dropping significantly in the last year, more, not less, people are joining the game and these big time investors are still very much in it.
Here are 10 people with millions in crypto investments:
The Winklevoss Twins
Tyler and Cameron Winklevoss rose from the ashes of their claimed injustice when they agreed to a payout settling their court case against Mark Zuckerberg over the true originator of Facebook in the amount of $11 million and proceeding to make headlines when they invested the full amount into the beginnings of Bitcoin. When the BTC worth spiked in 2017 at its height, $20,000, they became billionaires. Their current Bitcoin worth since the market bubble burst is estimated at $400 million but the steady over all incline in the long-term graph shows they were smart not to pull out.
They founded the Gemini Crypto exchange in 2015, making them household names amongst those who keep up with tech and crypto. By September 2018, they had launched their own stablecoin, the Gemini dollar. It’s currently available on their exchange and is worth 1:1 to the U.S. dollar.
Carlson-Wee’s claim to fame came when he turned $4 million into over $300 million in just under a year.
Despite the warnings of his advisor, he wrote his college thesis on Bitcoin and ended up investing most of his savings into crypto. He established his own crypto fund in 2016 after he was hired as Coinbase’s first employee with a salary of $50,000 paid entirely in Bitcoin.
He founded a crypto firm named PolyChain Capital. Although it currently has $1 billion under management, it’s been hit hard by the market.
Named in Fortune’s The Ledger 40 under 40, he is known as the crypto OG.
Former hedge fund manager and partner in Goldman Sachs, Mike Novogratz ventured into the crypto space a financial veteran. He started a crypto fund known as Galaxy Digital Holdings Limited and has since openly lent his support to crypto currencies, despite CEO of JP Morgan Jamie Dimon bashing Bitcoin in 2017.
He announced 2017 that 30% of his net worth was now in crypto assets and has recently raised his personal stake into his firm to 80%, showing his unwavering commitment to his beliefs in cryptocurrencies viability long term.
Through Galaxy Digital, he has raised $250 million to invest towards ICOs, crypto currencies, and companies with the crypto sphere.
Founder and former co-editor of TechCrunch, Michael Arrington left the publication with an eye to the blockchain world.
In November 2017, he announced his own $100 million cryptocurrency hedge fund, investing mostly in start-ups and Ripple’s XRP.
While he agrees blockchain investments are still a high risk at such an early stage, it hasn’t stopped him from investing millions into the industry through his Arrington XRP Capital. He is most notably a popular speaker in all manner of tech and crypto conferences around the world.
During the auction of 50,000 bitcoins by the U.S. Marshall’s office in 2014 from the famous Silk Road bust, venture capitalist Tim Draper purchased 2,000 coins.
He has since invested in various crypto projects, joining a growing list of self-proclaimed crypto evangelist.
Remaining confident through the market downturn, his positive outlook on the future of crypto has proved strong. He famously predicted Bitcoin hitting $10,000 per coin which became true in early 2017, and now he predicts it could hit $250,000 in 2022.
Known as “Pomp” within the crypto community, Anthony Pompliano is founder and partner in Morgan Creek Digital, an investment firm with a focus on the creation of opportunity for institutional investors to invest in digital asset and blockchain tech. Morgan Creek Capital Management is a multi-billion dollar asset manager backing the firm.
Proclaiming Facebook will build the most useful product in crypto and calling it the best performing asset of the decade, he is not shy about his support. He even made a very public wager in December 2018, $1 million saying Bitcoin will outperform SRP 500 within a decade. This comes after Warren Buffet made a similar, but opposite, claim that nothing will beat that market in 10 years.
Pomp made an announcement on twitter only last week:
A great sign for his firm.
Barry Silbert is the founder and CEO of Digital Currency Group which focuses on the launch and investment of companies within the crypto industry.
He purchased the other 48,000 bitcoins at the U.S. Marshall Silk Road auction, costing more than $16.8 million. It’s now worth more than $168 million.
As an active part of the cryptocurrency world, Silbert one of the top blockchain experts on Twitter. He invests and gives advice on many companies and projects with has great first-hand insight.
Dan Morehead is the CEO and co-CIO of Pantera Capital, a firm known as a big-name investment company within the crypto world.
Pantera most notably funds Bakkt, Abra, Blockfoli, Brave, Bitstampt, Zcash, and Ripple and manages over $500 million worth of assets in the crypto industry. Founded in 2003, its known for being one of the first firms to invest in cryptocurrencies.
Ari David Paul
Ari David Paul is CIO and co-founder of BlockTower Capital. Managing over $130 million in digital asset, BlockTower specializes in professional crypto trading and portfolio management.
As an outspoken voice on crypto Twitter, Paul is a source of insight on the position of institutional investors within crypto.
These investors are clearly all backing one message:
“Crypto is here to stay. Hopefully we will all get to see them further evolve over time.”