The internet has made information global and easy to access. A sound, global currency like Bitcoin will have the same impact on finance and the global economy. Throughout its history, Bitcoin has generally increased in value at a very fast pace, followed by a slow, steady downfall until it stabilizes.
Digital cryptocurrency “Bitcoin” was extremely underground when it was launched in 2008. The idea of a purely digital currency not based on fiat was thought of before, but Bitcoin was the first mainstream execution of that concept. Bitcoin became a worldwide sensation when its value hit $1000 in 2013. Early adopters and investors in the currency became Bitcoin millionaires as a result.
To rank in amongst the top bitcoin millionaire or bitcoin billionaire, its either you got the right information about crypto investment and you saw the opportunities in it or you were just connected to the bitcoin creator. In this featured list, the majority of this bitcoin millionaires had one major negative in their life before coming back to shoot up to the top. Could you guess? Here is a
Here is a well-researched list of the top 6 richest bitcoin millionaires in 2017.
Jered Kenna – $85 Million
The Former United States Marine, Jered Kenna; got his start when Bitcoins were only 20 cents per coin. Intrigued, he invested a large amount of money in the currency, which paid off after several years. His first Investment venture provided him with enough funds to launch several business ventures. His first company was Tradehill, a Bitcoin dark (anonymous) mining pool – Kenna was the first to pioneer dark mining pools.
Just after midnight on August 11, self-professed night owl Jered Kenna was working at home in Medellin, Colombia, when he was notified the passwords had been reset on two of his email addresses.
He tried to set up new passwords himself by prompting the email service to send him text messages containing a code — but they never arrived.
Within seven minutes of being locked out of his first account, Kenna was shut out of up to 30 others, including two banks, PayPal, two bitcoin services — and, crucially, his Windows account, which was the key to his PC.
While this would wreak havoc on anyone’s life, it had especially disastrous consequences for Kenna. “I’m an early bitcoiner,” he says. “I don’t think you have to say anything else.”
Kenna was so early in bitcoin that he remembers when he would plug his computer into the network and see only four other computers running it. Now, there are more than 5,000. Computers supporting the network are slated into a competition to win bitcoin roughly every 10 minutes. In the early days, the payout was 50 bitcoin each time; now it’s 12.5. Kenna recalls that at a certain point, when he was “only” winning 50 bitcoins a day, he stopped supporting the network, thinking it wasn’t worth it. At today’s price, he was giving up on $40,000 a day.
Kenna now runs a craft brewery in Colombia (the brewery accepts Bitcoins of course). He has also opened 20mission in San Francisco, a collaborative workspace for startups and entrepreneurs.
Dave Carlson – $135 Million
Dave Carlson is a former Microsoft software engineer who discovered Bitcoin in 2010, a year after the system was launched by creator Satoshi Nakamoto. Carlson is now the CEO of Giga Watt, a blockchain hosting and servicing center for mining hardware.
Carlson’s previous bitcoin mining firm, MegaBigPower, was recently acquired by Giga Watt, which Carlson says will essentially take everything MegaBigPower was working on and supercharge it with more capital and a bigger team.
Bitcoin Magazine recently reached out to Carlson in order to get his thoughts on everything from the incentives that persuade miners’ actions on the Bitcoin network to the perceived centralization of bitcoin mining in China.
With enough hardware, Bitcoin mining can be an extremely profitable venture. Dave Carlson is likely the first Bitcoin millionaire to have mined their way to riches. After founding company MegaBigPower from his basement, he began to mine on an industrial scale. Carlson reported that he made over 8 million per month in 2016 from his 2,000 square foot warehouse.
Charlie Shrem – $245 Million
Charles “Charlie” Shrem IV is an American entrepreneur and bitcoin advocate. He co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman.
Charlie Shrem is possibly the most influential Bitcoin millionaire. Charlie Shrem bought a large quantity of Bitcoin when it was trading cheaply. At only 22 years old, he founded BitInstant with some of the funds. The company was extremely successful at first. But in December 2014, Shrem was accused and found guilty of laundering money to infamous deep web black market The Silk Road. Shrem states he did not knowingly handle any money for illicit purposes.
While in high school, Shrem started Epiphany Design and Production, a company that fixed printers and computers. In 2009, while attending Brooklyn College, Shrem launched the start-up Daily Checkout, a daily deal website that sold refurbished used goods. Daily Checkout was acquired by BlueSwitch in 2012.
Shrem is a co-owner of Manhattan bar EVR, which opened in 2013 and, in April of that year, became the first bar in New York to accept bitcoin as a form of payment.
In 2017, Shrem became involved in the cryptocurrency Dash, proposing the creation of a debit card that could be loaded with Dash coins, which would be converted into the local currency for the cardholder to make purchases. Shrem’s planned Dash debit card would be the first that could be used in the US.
After his release from prison in 2016, Shrem got right back to business and launched Intellisys Capital. The firm sells investment portfolios in blockchain companies. Charlie Shrem is close friends with fellow bitcoin innovator and investor Roger Ver.
Roger Ver – $352 Million
Roger Ver, sometimes known as Bitcoin Jesus or controversially Bitcoin Anti-Christ, is the owner of Bitcoin.com, and an investor in many of the world’s largest Bitcoin companies. He started investing in bitcoins in early 2011 and bought his first bitcoins at around $1.00.
Roger is an ex-convict. He was sentenced to 10 months in federal prison for a felony involving selling explosives on Ebay.
Some people love Bitcoin so much that they can’t help but spread the joy. Bitcoin millionaire Roger Ver has generously shared his wealth to spread the word of Bitcoin. Ver began investing in bitcoin in early 2011. The first investment he made was for Charlie Shrem’s Bitinstant. Ver’s investment allowed the company to hire a designer and another programmer. He invested over a million dollars into new bitcoin-related startups including Ripple, Blockchain.info, Bitpay and Kraken. In 2011, Ver’s company Memorydealers was the first to accept bitcoin as payment. His early advocacy for bitcoin earned him the moniker of Bitcoin Jesus.
Roger Ver is the first Bitcoin startup investor. Although Ver was already a successful entrepreneur before getting into Bitcoin, doing so greatly multiplied his riches. He has also donated millions to charity.
Ross Ulbricht / The FBI – $500 million
Ross William Ulbricht is a former darknet market operator, best known for being convicted of creating and running the Silk Road website until his arrest. He was known under the pseudonym “Dread Pirate Roberts”.
Ulbricht was convicted of money laundering, computer hacking, conspiracy to traffic fraudulent identity documents, and conspiracy to traffic narcotics in February 2015
Bitcoin has undeniable potential to change the world. However, Bitcoin also has a sinister side. Its anonymous nature makes transactions nearly impossible track. Numerous black markets have appeared on the deep web selling drugs, contraband, and illegal services. The first of these markets was the Silk Road, created by Dread Pirate Roberts. Even before bitcoin was worth $1000, Dread Pirate Roberts was a Bitcoin millionaire several times over.
In September 2013, the FBI tracked Dread Pirate Roberts down. Their investigation led to American Ross Ulbricht, who was sentenced to life in prison for money laundering, hacking, and conspiracy to traffic narcotics. The FBI shut down The Silk Road and seized over 144,000 Bitcoins then being held as escrow. As a result, the largest Bitcoin wallet in the world now belongs to the FBI.
Satoshi Nakamoto – $4.6 billion
Becoming a Bitcoin millionaire is possible, but what does it take to become a bitcoin billionaire? Doing so would be incredibly difficult unless one was involved from the beginning – or if they created the currency by themselves.
Satoshi Nakamoto is the name used by the unknown person or persons who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency.
The name Satoshi Nakamoto has claimed to be a man living in Japan, born on 5 April 1975. It’s likely not the real name of Bitcoin’s creator, simply a pseudonym. Numerous attempts have been made to uncover the enigmatic creator of Bitcoin’s true identity, to no avail. Few records of Nakamoto exist other than e-mail correspondence records between him and Bitcoin developers. What is known about him, however, is that he currently holds about 2.6 million Bitcoins – with a value estimated at approximately $4 billion USD as of September 2017.
Bitcoin is certainly an intriguing asset and it makes sense to invest a percentage of your total retirement portfolio. An investment in cryptocurrency is the smart bet for diversifying your assets and ensuring that part of your portfolio is not tied to the traditional stock market and the inflation of fiat currency. But choose wisely where you’d want to keep your crypto coins.
Bitcoin continues to experience growth in both users and merchants, generating a common question – how can you be part of the action? Simple… Check back on this link later for the easiest way to earn over 1.2btc with a minimal investment worth the price for a Pizza.
Bitcoin is still new and it can take months to understand the true impact Bitcoin can have on the world. See the cheapest way to invest in bitcoin today.
Are you already a crypto investor? Don’t lose your coins like Jered Kenna, the first to pioneer dark mining pools. Read our security tips on how to secure your cryptocurrencies.