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Who Are the Top five Bitcoin Millionaires, Investopedia

Who Are the Top five Bitcoin Millionaires?

The blockchain accounts that hold bitcoin, the very first and most famous cryptocurrency, are anonymous, so it is unlikely to identify most of the almost nine hundred bitcoin millionaires around the world. Data from the BitcoinRichList, a website that tracks all bitcoin accounts, suggests that, as of August 2016, the top one hundred bitcoin addresses wielded approximately 20% of all bitcoins. There were sixteen separate bitcoin addresses worth more than $30 million. The top five addresses wielded harshly 510,000 bitcoins worth $292 million.

The only way to identify the owners of these hefty balances is through self-disclosure. It is not feasible to confidently list the top five wealthiest owners in terms of bitcoin, but there are some known bitcoin millionaires more noteworthy than their peers.

1. Cameron and Tyler Winklevoss

No millionaires have been in the bitcoin news during two thousand sixteen as much as Cameron and Tyler Winklevoss, the twin brothers made famous for their feud with Mark Zuckerberg over the founding of Facebook Inc. (NASDAQ: FB). The twins once bragged that they wielded 1% of all bitcoin, which, as of early 2016, amounts to approximately 1.Five million bitcoins. While it is possible that they own these across numerous accounts, it is unlikely that they actually own that many, since the top five accounts only amount to 510,000 bitcoins.

The Winklevoss brothers launched a digital currency exchange called Gemini Trust Co. in October two thousand fifteen and followed that up with The Winklevoss Bitcoin Trust, a proposed exchange-traded fund (ETF) focused on bitcoin.

Two. Tony Gallippi

The chairman of virtual currency payment processor Bitpay, Anthony “Tony” Gallippi is one of the pioneers of merchant-based bitcoin services. He founded Bitpay in two thousand eleven and served as CEO until May 2014, after which he moved into the executive chairman role. Gallippi has a bachelor’s degree in Mechanical Engineering from the Georgia Institute of Technology. Like most bitcoin millionaires, Gallippi does not publicize the value of his account. Estimates have put the value of his account above $20 million, however. His total net worth is likely considerably higher.

Trio. Dave Carlson

One of the genuine mining-your-way-to-riches bitcoin stories belongs to Dave Carlson, a software engineer turned bitcoin legend. Carlson founded the decentralized bitcoin mining company MegaBigPower from his basement, along with some help from the Grind research center BioInfoBank. As of 2016, Carlson ran a Two,000-square-foot warehouse total of mining computers and powered by thirty tons of air conditioning. Estimates of Carlson’s bitcoin wealth vary frantically, but he claims that it earned $8 million per month at the peak of bitcoin’s market value.

Four. Charlie Shrem

Charlie Shrem is one of the most interesting and infamous characters in bitcoin. At the age of 22, Shrem founded the insanely successful bitcoin exchange BitInstant. Shrem himself very first bought a few hundred bitcoins when they were $Trio apiece — they were $575 each as of Aug. Nineteen, two thousand sixteen — and eventually grew that into a bitcoin fortune worth ems of millions of dollars.

Then, at the age of 25, Shrem was found guilty of violating anti-money-laundering laws by purportedly helping funnel bitcoin to the former online marketplace called Silk Road. He was sentenced to two years in prison at Lewisburg Federal Prison Camp in Pennsylvania. In a post to his bitcoin followers entitled “So, I’m going to prison. Reflections from Bitcoin’s very first felon,” Shrem asked fans to send him magazines, letters and printouts of bitcoin news.

Five. Roger Ver

The “Bitcoin Jesus,” Roger Ver is among the most outspoken Bitcoin evangelists in the world and has received plaudits from digital currency fans for his promotional style and former habit of providing away bitcoin for free. Ver was the very first Bitcoin startup investor, and some have guessed his holdings to be worth $25 million to $50 million. Ver once suggested to donate $100,000 to a charity if Senator Bernie Sanders debated talk display host Adam Kokesh. Ver is a self-described “voluntaryist” (a form of anarcho-capitalist political philosophy) and a one-time libertarian candidate for office in California. He has since renounced his citizenship and moved to Japan.

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