Top 5 People who made money from bitcoin
We all know Bitcoin. The world’s most popular cryptocurrency, massive market dominance, crypto giant. Bitcoin is a digital asset and payment system with a market capitalization of around $180 billion as of September 2019. But who are the people who have made some serious money from bitcoin?
When each Bitcoin was worth $12 in 2011, Erik borrowed $1000 from his grandmother and with the help of his brother at just the age of 11, he invested in bitcoin. At the end of 2013, when the value of Bitcoin became $1200, he made a fortune. By Jan 2015, Fineman had his own education company, which he then sold and was given the choice of accepting $100,000 or 300 bitcoins. He took the bitcoins. He achieved his goal of becoming an 18-year-old millionaire and won’t be going to college, citing that he’s happy learning from real-life experiences.
Tyler and Cameron Winklevoss
These brothers parlayed the millions they earned after settling their Facebook lawsuit into cryptocurrencies and became the first billionaires from a late-2017 surge in BTC prices.
They were some of the earliest bitcoin investors. They claim to own approximately 1% of all Bitcoins in circulation and have devised an elaborate system to store their private key for their assets.
From Atlanta, Peter first heard about bitcoin in 2011, buying some for less than $3 per coin. When the price of BTC reached around $7,500, the profit on that early investment became approx. 250,000%.
This young millionaire started his bitcoin journey by buying BTC when it first started for as low as $0.20 each. When a few years later the worth of each BTC reached $258, he sold his coins and made a fortune. He made upwards of $30 million. However, maybe he should have held on to it as one BTC is now worth a lot more than $258.
Being among the youngest Bitcoin millionaires, Charlie Shrem started his way as a co-owner of Evr, a popular gastropub in Manhattan – which was coincidentally among the first to accept Bitcoin payments. He invested early in BTC when it was worth $3-4, and eventually started Bitinstant, a physical store where people could buy BTC. At the moment, Bitinstant serves as an exchange platform.
Looking at this list, it is clear that the early birds got the worm. However, it’s not too late! The price of bitcoin can be volatile, and it may still skyrocket in the future. If you’re ever going to buy into it, there is no time or any time like the present.