In the last year, the number of crypto currency billionaires has increased by 50%, and we are still at the beginning of bull markets. Historically, the period before halving hosts the early days of the bull season, and yet there has been a significant increase in the number of billionaires. So, who are those who became billionaires with cryptocurrencies?
Crypto Currency Billionaires
Crypto currencies’ market value has risen by 170%, and the trigger for this was the legitimization of crypto by the United States. With the approval of the spot Bitcoin ETF, America officially recognized Bitcoin as an asset class, which helped more traditional finance capital to enter this space.
With nearly $12 billion inflow, we saw Bitcoin’s price reach an astonishing all-time high (ATH) of $73,777 before halving. The number of crypto currency billionaires, which was 9 last year, has now increased to 17, marking an approximate 50% increase. The total wealth of crypto billionaires is around $93 billion, with Binance founder CZ maintaining his top position on the list.
Despite being found guilty of money laundering charges in the US, Changpeng Zhao has an estimated net worth of $33 billion. With his relationship with the crypto exchange severed by the court, CZ is now devoted to a free platform that offers online education from first grade to senior high school.
MicroStrategy’s Michael Saylor and Coinbase‘s Brian Armstrong are in the billionaire class with the fluctuation in the stock prices of their crypto-focused companies. Saylor has a fortune of $4.4 billion, while Brian has reached a net worth of $11.2 billion.
Complete List of Crypto Billionaires
- Changpeng Zhao
- Brian Armstrong
- Giancarlo Devasini
- Michael Saylor
- Paolo Ardoino
- Jean-Louis van der Velde
- Chris Larsen
- Fred Ehrsam
- Matthew Roszak
- Jed McCaleb
- Tyler Winklevoss
- Cameron Winklevoss
- Mike Novogratz
- Stuart Hoegner
- Tim Draper
- Joe Lau
- Nikil Viswanathan
Key figures from Tether like Giancarlo Devasini, Paolo Ardoino, Jean-Louis van der Velde, and Stuart Hoegner are notable new names on the list. With optimism still strong for the end of 2024 and the first half of 2025, it seems likely that more crypto billionaires will join the list before the year ends.
