Bitcoin’s upward trajectory was lauded by many. The king coin seeped through the bears and got onto the bulls for a long ride ahead. This crypto rally proved to be beneficial for many. While some just started investing in the industry, the ones who had bagged the asset when it was worth a pittance, seem to have been making tremendous profits. The ongoing bull run seems to have birthed new billionaires in the crypto-verse.
Bitcoin’s Latest Billionaires
Institutional investors poured in huge funds into the asset and pushed its price to a new high. In a recent list, curated by Forbes, several prominent figures of the crypto-industry were the most significant victors of the recent bull run. The list was topped by the Winklevoss twins who have been in the industry for quite a while now with their cryptocurrency exchange, Gemini. Steering away from Facebook and Mark Zuckerberg, the duo decided to invest in Bitcoin and reportedly hoard over $1.4 billion in virtual assets. Cameron Winklevoss even went on to take a dig at Facebook after Bitcoin overhauled the formers market cap. His tweet read,
“#Bitcoin has surpassed Facebook $FB in market cap. Makes sense that a money network would be more valuable than a social network.”
Matthew Roszak, the co-founder of Bloq stood second as his crypto net worth was about $1.2 billion. Last year, Roszak had about $300 million, however, the latest Bitcoin rally aided his journey on becoming a Bitcoin billionaire. Venture Capitalist, Tim Draper wasn’t far off as his crypto net worth was noted at $1.1 billion. Draper has time and again expressed his interest in Bitcoin. He even predicted that the king coin could go to $250K by the end of 2022. He tweeted,
Banks don’t like bitcoin because it makes them less relevant, so you are seeing their attempted manipulation over the weekend. #bitcoin $250 k by end of 2022, or early 2023.
— Tim Draper (@TimDraper) January 11, 2021
Ethereum’s co-founder, Vitalik Buterin along with Mike Novogratz as well as Michael Saylor of MicroStrategy also made it to the list as millionaires.
Bitcoin, however, seems to be on a downtrend. The asset fell from a high of $40K, all the way down to $30K. At press time, The king coin was trading for $34,255.50 with a 2.88% dip in the last 24-hours.