Success stories about how novice investors and traders went down the unknown path – and won. These people have proven that cryptocurrency is capable of generating millions in a very short period. If you are planning to invest in cryptocurrency, then you need to be inspired by these success stories.
Charlie Schrem, founder of BitInstant
Charlie is a very famous crypto millionaire all over the world. Our rating would not be complete without him. He was one of the earliest Bitcoin enthusiasts and made millions on the rise in cryptocurrency popularity.
In 2011, he was in his senior year of college. He loved digital technology and computers and cryptocurrencies were able to interest him. He purchased thousands of crypto coins at a very affordable price. The entrepreneurial instinct required a reliable platform for cryptocurrency trading, so Shrem organized the BitInstant crypto exchange. On it, anyone could buy bitcoins for dollars.
The project attracted the interest of the Winklevoss brothers and other Bitcoin enthusiasts and soon became a successful venture. Charlie is currently a well-known figure in the cryptocurrency world.
Due to his involvement in illegal transactions related to the Silk Road, Shrem spent two years in prison. Today he is at large and is actively involved in cryptocurrencies and blockchain-based projects.
James and Julian Spediacci, Investors on Air
The twin brothers were among the first investors in ether and amassed huge amounts of cryptocurrency when its price was only $ 0.3. The skyrocketing cost of ether last year brought them millions.
Today they are the head of the US cryptocurrency trading empire. They consider themselves crypto enthusiasts and are engaged in blockchain-based technologies.
Olaf-Carlson Wee, the first Coinbase employee to receive a Bitcoin salary
Perhaps this is the brightest success story on our list. His first bitcoin investment was unsuccessful – the cryptocurrency fell from $ 16 to $ 2, but V did not lose faith.
Carlson sent his resume to Coinbase and became its first employee to receive a salary in cryptocurrency. He observed the market very carefully.
By the time bitcoin began to skyrocket in price, V had enough coins to become a millionaire. In 2017, he founded the hedge fund Polychain Capital, specializing in cryptocurrencies and blockchain technologies. In just a few months, the fund’s assets grew from $ 4 million to $ 200 million.
Chris Larsen, richest crypto king
Forbes estimates that Chris Larsen, co-founder of Ripple and a Stanford graduate, is the richest man in the world of cryptocurrencies. His company controls 61% of all Ripple’s digital currency.
As of February 2018, his cryptocurrency fortune was estimated at almost $ 8 billion. Before Ripple, Larsen was involved in many other projects.
So, in 1996 he co-founded Mortgage Lender, in 2000 he founded Prosper Marketplace. Forbes estimates Larsen’s combined fortune at $ 59 billion.
Brian Armstrong, Coinbase Founder
Armstrong founded Coinbase, a leading cryptocurrency trading platform, in 2012. Since then, his fortune has increased significantly.
Currently, the exchange’s client base is rich and diverse. In August last year, Coinbase raised $ 100 million from six venture capital firms (at the time, its valuation exceeded $ 1.6 billion). At the end of 2017, the exchange’s revenue amounted to $ 1 billion. Armstrong’s fortune is estimated at a similar amount.
Brock Pierce, member of the Bitcoin Foundation
Brock founded Blockchain Capital, and he also runs it. He rose to prominence as a pioneer in the digital currency market.
Pierce is a University of Southern California graduate and venture capitalist. His business interests include digital currencies, games, and ad technology. Just a few years ago, Pierce also became a member of the Bitcoin Foundation.
As of now, Brock has raised over $ 200 million for his companies and made about 30 successful acquisitions.
The company “IMI Exchange” is a leader in the world of online games, with a large number of users around the world.. Its annual revenues exceed $ 1 billion. As of January, Pierce’s fortune was estimated at $ 1 billion.
Changpeng Zhao, owner of the largest cryptocurrency exchange
Changpeng Zhao is the head of the largest international cryptocurrency exchange in the world – Binance.
In July last year, Binance held an ICO, following which it raised $ 15 million. Today it is the largest cryptocurrency exchange in the world. Today, millions of people around the world are users of this exchange. Besides, the exchange is very fast, in just one second it can process over a million transactions. In early 2018, Binance became the largest cryptocurrency exchange in the world with a capitalization of $ 1.3 billion.
In the late 1980s, Changpeng Zhao moved from Japan to Canada. He received his MS in Computer Science from McGill University in Montreal. Zhao has previously worked for the Bloomberg Tradebook and the Tokyo Stock Exchange. In 2005, he moved to Shanghai where he founded his famous Fusion System company.
