The advent of cryptocurrencies has changed the way we transact and exchange value. Before the launch of Bitcoin (BTC) in 2009, the only way humans could exchange value was through state-backed or endorsed goods, commodities, and cash. With the launch of blockchain-based digital currencies, a new exchange era has begun, giving rise to a new class of wealth creators: crypto billionaires.
A new class of wealth creators emerged by creating a new type of currency. While many invested in cryptocurrencies early on, others made billions in other ways.
Also Read: Top 3 Cryptocurrencies That Could Rally This Weekend
What do Cryptocurrency Billionaires Have in Common?
Changpeng Zhao (CZ)
Changpeng Zhao (CZ) is the wealthiest person in the crypto realm, with a net worth of around $33 billion. CZ is most famous for creating Binance, the world’s largest crypto exchange by volume.
Also Read: XRP: Ready to Rocket as Tether Bubble Bursts!
Brian Armstrong
Brian Armstrong, the creator of Coinbase, is the second richest person in the cryptocurrency space, with a net worth of about $11.2 billion.
Giancarlo Devasini and Micheal Saylor
Giancarlo Devasini, the CFO of Tether, and Micheal Saylor, Microstrategy’s CEO, follow Brian Armstrong.
Innovation and Wealth Creation
Among the four biggest cryptocurrency billionaires, Saylor is the biggest crypto gainer in terms of percentage. Others made their wealth by creating services to cater to clients of the budding industry.
Innovation seems to be the common factor among the wealthiest few in the crypto space. While investing will surely reap big gains, creating new platforms and building on good ideas seem to have a far more rewarding outcome.
Also Read: Top Altcoin Options Ready to Explode as Bitcoin Nears $70K
The cryptocurrency and blockchain industry is still in its nascent stages. There is still plenty of room for growth and development. New billionaires are waiting to be created, and new ideas are waiting to be shared.