Can Bitcoin Make You a Billionaire?

Can Bitcoin Make You a Billionaire-Becoming bitcoin billionaire was a matter of time and it is today. Imagine the price of bitcoin in 2010, it under dollar.

What if you had invested just $100 in bitcoin in 2010. Assuming the price of a bitcoin as 1$, you would had purchased 100 bitcoins. And, today your $100 dollar would have become around $6.50 million dollars. That is huge!

Can Bitcoin Make You a Billionaire?

So, yes you would have been a billionaire had you invested early in the market.

Can Bitcoin Make You a Billionaire?

The question is, is it possible even today. Can we become a billionaire with bitcoin even today? The answer would be same,time. However, you need lot more investment, along with time, in bitcoin today to become a billionaire.

At a price of around $70,000 even if you want to buy 10 bitcoins you should have $700,000 in your account. With the increase in bitcoin price it becomes even more costly to buy a bitcoin.

But, bitcoin is worth investment. The supply is capped at 21 million. It competing with the gold. May be in future we may see the price of a single bitcoin in million dollars. You never know. Who would have thought back in 2010 that a single dollar coin would value around $70,000 in March-2024.

How Many People Own 1 Bitcoin?

Though it is difficult to determine the exact number but as per data there are more than 8.30 million
addresses holding 1 bitcoin or more.

Since in blockchain the identity of an address can not be determined, therefore one address does
not necessarily represents one person. A person may have multiple wallet addresses where he or she
may be holding his or her bitcoins.

Whereas, some are of the opinion that there are over 9.50 million individuals holding atleast i bitcoin.
How many you hold? Ah!

Billionaires Who Own Bitcoin

Here is the list of 10 notable billionaires who have invested in the bitcoin and own bitcoins.

  1. Satoshi Nakamoto- Well known as the creator of bitcoin. He is anonymous and holds over a million bitcoins alone.
  2. Changpeng Zhao- The founder of the largest cryptocurrency exchange of the world Binance.
  3. Brain Armstrong- Coinbase Founder
  4. Michael J. Saylor- CEO of MicroStratergy. He is a bitcoin lover and buys bitcoins in bulk in every dip.
  5. Chris Larsen- Co-Founder of Ripple
  6. Jed McCaled- Co-Founder of Ripple and Stellar
  7. Tim Draper- He is a Tech Billionaire who owns bitcoins as well.
  8. Song Chi-hyung- He is the founder of South Korean crytpo exchange Upbit.
  9. Tyler and Cameron- Better known as Winklevoss twins. Recently they have launched their own crypto exchange Gemini.
  10. Elon Musk- CEO of SpaceX and Tesla.

Bitcoin billionaires in United States

The United States holds a lions share in the number of bitcoin billionaires. Here a few names that
show up in the list billionaires from USA.

  1. Winklevoss Twins-Cameron Winklevoss and Tyler Winklevoss
  2. Michael Sayler- The CEO of MicroStrategy is the bitcoin enthusiast and is vocal for bitcoin and crypto regulation.
  3. Matthew Roszak- It is said that Roszak had discovered the bitcoin in 2011. So his early investments
    in the coin makes him the holder of bitcoins worth over $1.5 billion today.
  4. Sam Banjman-Fried- Founder of FTX Crypto exchange
  5. Fres Ehrsam and Brain Armstrong- Co-founders of Coinbase.
  6. Jed McCaleb- Co-founder of Ripple and Stellar.
  7. Tim Draper- He is a venture capitalist who bought bitcoins worth $18.7 million in 2014.

Bitcoin Billionaire Book

“Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption” is book written by
Ben Mezrich that narrates the saga of twin brothers from no where to the first bitcoin billionaires.

This book is a testimony that bitcoin can make you a billionaire.

Cameron Winklevoss and Tyler Winklevoss better known as the Winkelevoss Twins fought a
legal battle with the CEO of Meta, Mark Zukerberg.

The book takes us to the scene as to how the twins struggled in their early from their fight with
Mark Zukerberg to their venture capital dreams.

As per the book they finally took their chance in the world of cryptocurrency, new and risky.
The bet, however, proved fruit-full when Winklevoss brothers became the first Bitcoin Billionaires in November, 2017.

Also Read: What is Bitcoin Halving?

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