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Top 5 Bitcoin Investors

top 5 Bitcoin investors

July 6, 2021 | 

1051 Views | 

JOHN K MWANIKI | 

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Cryptocurrencies are popular, especially since Tesla announced their Bitcoins purchase back in January. Bitcoins are becoming more mainstream by the day. When a corporation owned by the World's richest man announces its stakes in the leading digital currency, people will notice. While many people try to get a grip on the idea of virtual currency, others have begun investing. Bitcoin is a payment system and digital asset with a market cap of $660.66 billion as of June 8, 2021. Many people consider it the most lucrative digital currency, rightfully so.

Currently, Bitcoin still holds the number one position since its launching in 2009. People that invested when it was launched have been enjoying astounding profits since its value skyrocketed. In the beginning, many people didn't know how Bitcoin worked. You are likely to avoid certain investments when you don't comprehend the risks. That was the main reason why many didn't jump on the opportunity. The select few that did now enjoy their profits since Bitcoin has created many millionaires. Here are 5 top investors of this digital currency. 

1.Barry Silbert 

This investor is the founder and CEO of the Digital Currency Group. The company's purpose is to accelerate the development of financial systems worldwide. They achieve this by building and also supporting blockchain companies and Bitcoin. Barry's Digital Currency Group has invested in over 125 companies that deal with blockchain. In 2016, it bought CoinDesk, a news provider, to run its industry conferences. 

Digital Currency Group also has the company Genesis in its portfolio. This company provides liquidity to traders of cryptos in the OTC market. Another company is Greyscale Investments who manage the GBTC. Bitcoin Investment Trust holds Bitcoin and also accords exposure to price movements for the investors. 

2.Cameron and Tyler Winklevoss 

The Winklevoss's invest in several cryptos and businesses related to blockchain technology. One of their most notable company is the Gemini exchange. It is believed that the twins were the first to achieve billionaire status of the top 5 Bitcoin Investors. As of June 2020, they are reported to hold 100,000 coins that are worth $950 million. Cameron and Tyler launched the Gemini exchange in 2015, allowing investors to store, buy, and sell digital assets. 

The company launched bitcoin futures on the CBOE in December 2017, but the SEC denied their application in 2018. In addition to their vast investments in Bitcoin, the Winklevoss twins also have significant investments in Ethereum. 

3.Dan Morehead 

This entrepreneur is the founder and chief executive officer of Pantera Capital. Dan Morehead is also the co-chief investment officer of this same company. Pantera was the first investment company to ever focus on the Bitcoin crypto. In that respect, it is also among the most prominent institutions holding cryptos. They were the first in the U.S. to launch a crypto fund back when the value of Bitcoin was $65. Since its inception, Pantera boasts 38 investments. 

Some of the most notable ones in the portfolio are the open-source browser and advertising platform Brave. Another one is Bitstamp. They also have Shapeshift, which is a decentralized exchange allowing you to trade coins. Lastly, you have A venture fund Polychain Capital. In December 2017, the value of Bitcoin skyrocketed, and by then, Pantera's fund had made an outstanding 24,000% return for its investors. 

4.Digital Asset Holdings 

This financial tech corporation is among the top 5 Bitcoin Investors. They also develop programming languages for the financial sector. The main product that they offer is their Digital Asset Modeling Language, created to model smart contracts. In December of 2019, it raised $35 million. It did this through series funding rounding bringing the total fundraising figures to $150 million. 

The corporation is headed by CEO and co-founder Yuval Rooz who took over from Blythe Masters in December 2018. The former CEO is still a member of the board and is also a shareholder. 

5.Michael Novogratz 

Michael Novogratz previously was the hedge fund manager for the Fortress Investment Group. He is also one of the partners at Goldman Sachs and a frequent commentator on Bitcoin prices. He founded Galaxy Digital Holdings and is the CEO and chairman of this company. This is an investment fund specializing in trading, managing, and advising on blockchain-related assets. In the middle of the bull market, September 2017, it was estimated that digital assets made up 20% of his net worth. 

Novogratz said that he made an impressive $250 million from investing in both Bitcoins and Ethereum. He even purchased a private jet from these proceeds. When establishing his company in 2018, he contributed $302 million in assets, including digital assets. He sought other investors who injected $302 million into this company. In March of 2020, the firm had 13,338 bitcoins which were estimated to be worth $122.5 million at the time. 

He had bravely predicted the Bitcoin value to reach $40,000 by the close of 2018. It, however, peaked at $19,650 in December 2017 before crashing to about $3,000 in 2018. In April 2021, each coin was valued at $65,000. 

How do you invest in Bitcoin? 

Investing in Bitcoin is a significant decision. If you wish to become a major investor or trader like the top 5 Bitcoin investors, it is essential to get a proper education. You need to understand how different cryptocurrency sector areas work, whether from trading books or online courses. This approach is the best way to develop an effective trading strategy for yourself. It is best to be keen on the regulations that specifically apply to your country. 

While at it you will also learn about the best cities to trade in worldwide. Always keep in mind that investing in Bitcoin does carry a significant speculative risk. Lastly, muster self-control and discipline so that it is easier for you to accept both losses and wins. 

Conclusion 

Everyone trading and investing in Bitcoin has different hurdles to overcome. Before you start investing in Bitcoin, ensure that you talk to your financial consultant since this is a significant financial decision. All in all, Bitcoin is a great investment option.

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