The cryptocurrency industry can be said to be the fastest-growing industry in the world right now, and the industry has seen the birth of a number of new-generation cryptocurrency millionaires in the last decade, making the industry a very attractive treasure trove for lots of value investors.
The crypto industry, despite the recent crisis it’s facing still has massive untapped potential, which means there are still massive opportunities for more individuals to get their names into the list of cryptocurrency millionaires in the coming years, but before we go about how that can happen let’s look at some of the individuals who made their fortunes from cryptocurrency.
5. Davinci Jeremie
The first on our list of Cryptocurrency made millionaires is Davinci Jeremie. Davinci is known as a programmer and a blockchain expert, he is also a YouTuber, and he was the first man to create a youtube video on bitcoin. In 2013, Davinci Jeremie, after making his research as a computer programmer and discovering the bitcoin and its use case, made a video on youtube asking all his viewers to buy the bitcoin.
At that time, the cost of Bitcoin was $1 dollar, which means it was easily affordable and there was little to no risk involved at all as it was just valued at a dollar. Just as you would imagine, Jeremie was also acquiring lots of crypto assets as he was telling his viewers to purchase
He later disclosed that he sold off some of his Bitcoin holdings after he made a very great amount of profit from it, to buy some Ethereum also, making him also a holder of the second biggest cryptocurrency asset. These assets later went on to make the blockchain programmer tons of millions in dollars making him a millionaire.
Davinci Jeremie net worth currently sits at about $25 million dollars and as you should also know, Jeremie now lives an extravagant lifestyle, enjoying his crypto money and the benefit of being an early cryptocurrency investor, due to his early investment into Bitcoin, you know many people suspect he might be Satoshi Nakamoto, hushhhh….. Maybe he is.
4. Jered Kenna
The story of Jered Kennas’ rise to becoming a millionaire is also a great one that goes to show the immense benefits the cryptocurrency space has provided for lots of individuals.
Jared is from the United States and was a former U.S. Marine before he got into cryptocurrency. As it has been for the other of the millionaires and billionaires on our list, guess where he made his fortune.
He was an early owner of Bitcoin, as he was said to have purchased the Alpha Crypto asset when it was just worth 20 cents.
Some sources further stated that he was one of those who got into the crypto space not because of the money to be made, as it wasn’t looking like there would be much to be made at the early stages but because of its concept.
He sold off most of his Bitcoin holdings in 2017 and has since then founded and financed a lot of startups that are directed toward changing society for good.
One thing of note is that we believe one of the major reasons Jered decided to get out of the crypto space and sell off almost all his Bitcoin holdings was due to some reasons.
Before selling off his entire crypto holdings, he founded the first-ever cryptocurrency exchange in the U.S. known as Tradehill Inc.
Which later had to close operations due to issues with some of their payment service providers, this caused the company a loss of about $100,000. Another unfortunate incident that occurred was the fact that Jered accidentally deleted about 800 BTC in 2010.
The final straw that broke the camel’s back for him, was when his BTC holdings were hacked into in 2016. He was quoted as saying “the hack took his entire life”. Jered Kenna’s net worth is estimated to be around $300 million dollars, which he made after selling off his remaining BTC holdings in 2017.
3. Carl Runefelt
Carl Runefelt is another sensational cryptocurrency investor, whose finances are already going beyond the scope of the millions, as his net worth is estimated to be close to $1.1 billion dollars already.
Carl is a serial investor and has most of his assets in cryptocurrency, a large part of which is in Bitcoin just like Jeremie, he has been actively trading in the cryptocurrency industry for over 5 years now and is also a social media influencer with over a million followers on his Twitter handles where he shares some of his crypto insights.
He is already close to billionaire status through his calculated and smart investments in the cryptocurrency space and he is well known for his large purchase of Bitcoin among other cryptocurrency assets. Runefelt is currently under 30 years of age as he appeared in the Forbes list of 30 under ’30s. He has also co-founded a cryptocurrency company known as Kast.
Carl Runefelt is another sensational testimony of the massive potential the cryptocurrency space has, especially if you are able to get into the industry equipped with the necessary skill sets and knowledge and you can also get a lot of that on dipprofit.
2. Brian Armstrong
Another success story in the cryptocurrency space is that of the founder of the second-largest cryptocurrency exchange coinbase founder Brain Armstrong.
He got into the crypto space a lot earlier than his present competitor ‘Changpeng Zhao’, Brain after working in several organizations such as AirBNB, Delliotte, IBM, as a computer programmer, had a burning desire for bigger things and wanted to solve technological challenges on a large scale, therefore he was always looking for opportunities to make an impact.
The opportunity finally came during his time at AirBNB, when he came across the Bitcoin whitepaper which give him insights into the power of the cryptocurrency space and what can be done with the technology that it runs on, the whitepaper further talked about the decentralization possibilities and this made it all stand out for Brain.
Brain who was currently working at Deloitte at that time already understood the difficulties faced with moving money around the world and using the traditional banking system as that was what AirBnb was into.
He then discovered that with the introduction of cryptocurrency using blockchain technology for decentralization, he could more or less solve a lot of traditional banking issues faced by commercial online companies.
This led to the birth of the second-largest cryptocurrency exchange in the world Coinbase. To start up this crypto company and follow his long-awaited purpose, Brain had to resign from his job with Airbnb, and source funds to startup coinbase.
He was able to get $150,000 and started the crypto company.
At the time Brain was going into the cryptocurrency industry, there were a lot of doubts as regards the future of the industry, many people believed it was either Ponzi, or a scam, and that the bubble as it is would soon come to burst, still Armstrong persevered with the early staffs, as they would stay up hours just to make sure payments are being processed and trades goes on.
His efforts would later be rewarded, as the cryptocurrency market started experiencing very fast growth, and the prices of crypto assets started doubling, tripling, and quadrupling, and at this time, coinbase started onboarding millions of users, till they were unable to keep up with the massive and explosive growth since they weren’t expecting it to be that big,
Coin-base has since then grown to become a multi-billion dollar company, valued at about $80 Billion dollars while the founder himself Brain Armstrong is also having his net worth of about $1.6 billion dollars, he was also featured by Fortunes 40 under 40.
1. Changpeng Zhao (CZ)
This is one of the biggest testaments to the opportunities and unlimited potential that abounds in the cryptocurrency space as we talk about the most influential man in the cryptocurrency industry today Changpeng Zhao, with the alias of CZ.
This is the story of a former Mcdonalds’ worker who turned into one of the richest men in the world and this is solely from the cryptocurrency industry. “CZ” as he is popularly called can be said to be the modern-day voice of crypto.
He is the Co-founder and CEO of the largest cryptocurrency platform in the world Binance.
Chanpeng Zhao, launched the cryptocurrency exchange known as binance in the year 2017 after working on other blockchain-related projects.
In one of his interviews, he said he felt that cryptocurrency centralized exchange was going to be the next big thing, therefore he and his team set out to create what would today be the biggest and largest cryptocurrency exchange in the world.
“CZ” net worth is estimated to be around $17.4 billion dollars according to Forbes and this has dropped more than half of his worth at the beginning of the year. “CZ” also has most of his fortune in cryptocurrency assets as he also made them through cryptocurrency.
Most of its holdings are said to be in Bitcoin, as the billionaire keeps acquiring the Alpha coin believing in the future of cryptocurrency.
Although the crypto space has been facing a lot of crisis recently, Changpeng Zhao’s cryptocurrency empire has been standing strong and has also been at the forefront of a lot of projects and innovations that have helped to strengthen and stabilize the crypto space.
Conclusion
The cryptocurrency industry has made a lot of individuals into millionaires and also Billionaires, this goes a long way to show how massive the potential of the industry is.
Due to the recent crisis that has plagued the industry this year, so many individuals tend to not see a positive future in the crypto space, but we should all understand that this is not the case as the industry has seen darker periods than this and only continued to grow stronger.
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