Understanding the world of cryptocurrency is an art. Some people mastered it, others just became lucky and made fortunes out of cryptocurrency. Nevertheless, there’s no denying the fact that there are people who entirely changed their statuses to millionaires with cryptocurrency trading. Let’s name a few of them to put forward an example of how profitable cryptocurrency can be.
- Sam Bankman-Fried
Sam Bankman-Fried is an American businessman and the founder and CEO of a cryptocurrency exchange FTX. Born in 1992, Bankman-Fried had quite a rapid ascent to the status of crypto billionaire. He founded FTX in 2019, and by the end of 2021, he was estimated to have a net worth of nearly $26 billion by Forbes.
- Erik Fineman
Cryptocurrency has attracted quite a number of unconventional investors over the years, among which comes the name of Erik Fineman. Erik Fineman achieved his goal of becoming an 18-year-old millionaire with the help of crypto. In 2011 when Bitcoin was worth only $12, he invested $1000 with the help of his brother at the age of 11. By the end of 2013, Bitcoin reached $1200, and Fineman had a fortune to his name. In 2015, he traded his education company with 300 Bitcoins and stays among the crypto millionaires till the date.
- Brian Armstrong
Brian Armstrong is the founder of North America’s biggest cryptocurrency exchange Coinbase. In 2012, he quit his job as a software engineer at Airbnb and co-founded Coinbase. The user-friendly interface and credibility of the exchange made Coinbase quite popular among retail investors, and by the end of 2021, Armstrong was estimated to have a net worth of around $10 billion by Forbes.
- Charlie Shrem
Charlie Shrem started his career by co-founding Evr, a gastropub in Manhattan. Shrem started accepting Bitcoin payments, and bought a few himself for $3-4. When Bitcoin rose to $20, he made investments of a few more thousands. He founded a physical store to buy Bitcoins named Bitinstant, which serves now as an exchange platform.
- Micheal Saylor
Micheal Saylor is the CEO of MicroStrategy Inc. (MSTR), a software firm. The company started in 2020 by acquiring Bitcoin worth $250 million, kept on buying the cryptocurrency during price dips, and increased its holdings, reaching up to $3.5 billion worth. By the end of 2021, Saylor’s net worth was estimated at $2.2 billion, a major portion of which is the result of Bitcoin.