The richest people in digital currencies

The big world of digital currencies has introduced new rich people to the world. Almost if we exclude those who are active in the field of financial markets from the list of the richest people in the world, there will be people who have been active in the field of programming; Maybe knowing the richest people in digital currencies  will help you to have a high spirit in trading. In addition, if you want to make huge profits in the digital currency financial markets, the psychology of the digital currency market is one of the most important factors in this field.

Digital currency changes in 2020

If you are one of the investors or traders in the field of digital currencies, you remember the changes and developments of last year, 2020. In March 2020, i.e. in March 2018, when the economy of the United States of America was declining, panicked investors sold their high-risk stocks and assets at low prices and converted these assets into cash and became more valuable reserves.

The price of Bitcoin fell by 50% in one day, and other cryptocurrencies also fell. People were trying to prepare themselves for the uncertain days ahead and prevent further losses, but after 12 months, the situation has completely changed, the digital currency market has shown its good side to investors and users of this field.

The price of the first coin of the digital currency market ( cryptocurrency ) experienced a tremendous jump at the beginning of the new year 2021 and was worth even more than 60 thousand dollars. Following the growth of Bitcoin, other digital currencies had an almost similar rise and brought the total capital of the cryptocurrency market to more than 2 trillion dollars.

The richest people in digital currencies

Currently, there are many people who have become millionaires and even billionaires by relying on emerging technology:

Changpeng Zhao

The founder and CEO of Binance exchange is the richest active person in the field of digital currencies. In social networks, Changpeng Zhao is known as “CZ”. According to estimates by Forbes magazine, Changpeng Zhao owns at least 70% of Binance. In 2022, the Forbes website estimated Chang Peng Zhao’s wealth to be 65 billion dollars.

Sam Bankman-Fried

Sam Benkman Fried is the CEO of FTX exchange and Alameda Research company in the field of cryptocurrency marketing . The value of FTX exchange is 32 billion dollars and the net worth of Bankman Fried is 24 billion dollars. Sam Benkman Fried owns over $7 billion in FTT, and about half of FTX.

Brian Armstrong

Another one of the richest people in digital currencies is the CEO and founder of the digital currency exchange Coinbase . In April 2021, Brian Armstrong went public with an investment in Coinbase shares, and the value of the exchange reached $100 billion at that time. Although the market value of this exchange reached about 50 billion dollars, Brian Armstrong is still the third richest person in the field of digital currencies with 19% of his shares. His net worth is $6.6 billion.

Gary Wang

Gary Wang, co-founder and Chief Technology Officer of FTX Exchange, launched FTX Exchange in 2019 with Bankman Fried. He has more than 600 million FTT dollars and 16% stake in the global FTX business. His net worth is estimated at $5.9 billion.

Chris Larsen

Larsen is the CEO and co-founder of blockchain company Ripple . At the time of writing this article, the XRP token was ranked 6th among digital currencies. Chris Larsen has fought an SEC complaint alleging Ripple’s illegal IPO. Of course, Ripple and Larsen have denied this violation. With a net worth of $4.3 billion, Larsen is known as the fifth richest person in the cryptocurrency space.

Cameron Winklevoss and Tyler Winklevoss

Twin brothers Cameron and Tyler Winklevoss are known as Mark Zuckerberg’s college enemies. Cameron and Tyler Winklevoss turned all their money into digital gold, or Bitcoin, after receiving a $65 million settlement from Facebook’s creator and CEO. They started buying Bitcoin in 2012 and have since diversified their digital holdings. Cameron and Tyler Winklevoss launched the Gemini crypto exchange after investing heavily in digital currencies. The net worth of these two brothers is estimated at  6 billion dollars .

Song Chi-hyung

Song Chi-Hyang is the founder of Upbit digital currency exchange in South Korea. He managed to earn 46 billion dollars from cryptocurrency transactions in the UpBit exchange. Song Chi-Hyang’s net worth is $3.7 billion. According to some predictions, he owns a quarter of Upbit’s parent company, Dunamu.

Barry Silbert

Barry Silbert, the founder of Digital Currency Group, has built a diverse portfolio of digital currencies. Digital Currency Group controls the investment company Grayscale. This investment group has invested in more than 200 cryptocurrency startups. He was an entrepreneur and banker before investing in the crypto market. Silbert sold the Second Market stock trading platform to Nasdaq in 2015 for an undisclosed amount. Silbert’s net worth is currently $3.2 billion.

Satoshi Nakamoto – Satoshi Nakamoto

Today, there is hardly anyone who does not know about the king of digital currencies, Bitcoin, and its creator, Satoshi Nakamoto . Although no one knows the identity of the creator of the first coin of the cryptocurrency market, there is a wallet named after this person, which contains a large number of bitcoins. Currently, there are many possibilities and rumors about the identity of Mr. Nakamoto; If you carefully examine Satoshi in different ways, you will come to the conclusion that he is a unique genius; Naturally, the highest number of bitcoins is owned by the person who created it.

According to speculations and possibilities related to the wallet belonging to Satoshi Nakamoto, it is said that there are 80 thousand Bitcoin units in it, this amount of Bitcoin is about 3.5 billion dollars .

Brad Garlinghouse – Brad Garlinghouse

Brad Garlinghouse, the CEO of Ripple , is a graduate of Harvard University. Brad Garling had many experiences in AOL and Yahoo companies, so achieving a revolutionary technology was always in the corner of his mind. He started his activity when he saw the potential of blockchain integration. And the traditional banking and business system was informed.

Many Bitcoin enthusiasts have recently felt threatened by Ripple, because instead of using Bitcoin to overthrow traditional banks and institutions, this virtual currency is trying to introduce blockchain technology into these institutions.

The CEO of digital currency Ripple has stated that he has a mentality that everyone should grow together; Therefore, he believes that if one coin makes a profit, the others will also make a profit. Brad Garlinghouse owns about 7% of Ripple’s shares, the value of his assets is close to 9.5 billion dollars .

Vitalik Buterin – Vitalik Buterin

He was born in Russia and his family immigrated to Canada a few years later. Vitalik Buterin was a genius in mathematics and computer science. At the age of 17, Vitalik became deeply involved in this technology after hearing news about Bitcoin from his father. , soon after learning how to code in the blockchain network, many ideas were presented by him on how to improve Bitcoin.

Finally, in 2013, Vitalik Buterin wrote a white paper for his digital currency, Ethereum. At this point, he was in contact with many other coders who wanted to participate in the Ethereum project through Bitcoin Magazine. In general, Ethereum is faster than Bitcoin and allows other coins to be created on its network. Hence, it became much easier for independent companies to implement their ICO on the Ethereum platform. This caused billions of dollars to suddenly enter the Ethereum network and people could easily create their digital currencies on it.

Charles Hoskinson – Charles Hoskinson

Charles Hoskinson (Charles Hoskinson) was born and raised in the city of Colorado. Charles Hoskinson’s field of study was statistical analysis and after that he switched to the digital currency industry. After entering the cryptocurrency market, Charles Hoskinson achieved a lot of success.

Hoskinson’s professional experience includes investing in three cryptocurrency-related companies, Invictus Innovations, Ethereum, and Input Output Hong Kong (IOHK). Charles Hoskinson is also the Chairman of the Education Committee of the Bitcoin Digital Currency Foundation and founded the Cryptocurrency Research Group in September 2013. Charles Hoskinson is currently focusing on the development of the Cardano blockchain in Hong Kong.

Michael Novogratz – Michael Novogratz

Michael Novogratz is CEO of Galaxy Digital and co-founder of Galaxy Digital LP, a crypto-focused commercial bank based in New York. Michael Novogratz, formerly the manager of the investment fund Fortress, has become a prominent proponent of cryptocurrencies, saying in 2017 that at least 20% of his net worth was in Bitcoin and Ether . In addition to his activities in the cryptocurrency space, Michael Novogratz founded and was appointed chairman of the board of Beat the Streets, a private organization that programs wrestling programs in New York City public schools.

Matthew Roszak

Matthew Rozak is the CEO and co-founder of a leading blockchain company called Bloq. In August 2019, BloqCloud was released BloqCloud is a cloud portal for providing managed services to public and private blockchain networks, the purpose of this cloud portal is to adapt a multifaceted network of blockchains, cryptocurrencies and decentralized applications.

In 2018, the value of his assets is estimated at 1 billion dollars.

Tim Draper – Tim Draper

Tim Draper was born in 1958. He is an American investor who has invested in several startups related to digital currencies and blockchain. Additionally, he is the founder of Draper Associated, Draper Fisher Jurvetson (later renamed Threshold), and Draper University of Heroes, a school for early-stage entrepreneurs in San Mateo, CA.

Draper has invested in prominent tech companies (both blockchain tech and mainstream Silicon Valley tech companies) through both of his VC sides, including Coinbase, OpenNode, Ledger, Skype, Twitch, Tesla, and SpaceX via Draper Associated and tumblr, Giphy, Hotmail, Twitter, AngelList and FourSquare through Threshold.

Draper is one of the fans of the king of digital currencies, Bitcoin, and he was one of the early investors of this digital currency, when the price of Bitcoin was $6, he bought $250,000 worth of Bitcoin. Although he lost his entire capital while trading Bitcoin. Gox collapsed in 2014, Draper won an auction of nearly $20 million for 30,000 bitcoins at a US Marshals auction later that year. The auction was organized to sell bitcoins belonging to the creator of the Silk Road, Ross Ulbricht, which was seized upon his arrest.

Digital currency analysis connection with the richest people in digital currencies

Digital currency market traders usually predict the price trend in the chart with two types of technical analysis and fundamental analysis, fundamental analysis focuses more on digital currency news. As an investor or trader, you should check wallets and coins that are deposited or withdrawn even to an exchange, you can receive very powerful trading signals by relying on on -chain analysis . Many of these rich people have very large amounts of digital currency in their wallet addresses, so by controlling these wallet addresses, many results can be achieved in the analysis.

Other rich people in digital currencies

Joseph Lubin – Joseph Lubin
Matthew Mellon – Matthew Mellon
Anthony Di Iorio – Anthony Di Iorio
Barak Pierce – Brock Pierce
 Brendan Blumer – Brendan Blumer
Dan Larimer – Dan Larimer
Barry Silbert – Barry Silbert
Song Chi-Hyung – Song Chi-Hyung
Chris Larsen – Chris Larsen

Conclusion: Knowing the richest people in digital currencies can give you important information about this market. The most used type of analysis is technical analysis, many investors and traders in this field only use this method to conduct their transactions, but the winning card of the big traders of this market is the knowledge of fundamental analysis, because the exit of cryptocurrencies from A wallet and transferring it to an exchange can give you this signal that it is possible to sell them.

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