The important business magazine Forbes named Gemini co-founders Cameron and Tyler Winklevoss as the Richest Bitcoin Billionaires (BTC).
Compiled by crypto-focused Forbes reporter Michael del Castillo, the ranking includes a list of Bitcoin investors who benefited most from Bitcoin’s massive surge to $ 42,000 in early January 2021.
The ranking includes three Bitcoin investors with an estimated net worth in cryptocurrencies of more than $ 1 billion, including the Winklevoss brothers, the industry’s top investor, Tim Draper, and Matthew Roszak, president and co-founder of blockchain company Bloq.. The twins topped the list with an estimated net worth in cryptocurrencies of around $ 1.4 billion each. Roszak and Draper follow with estimated net worths of $ 1.2 billion and $ 1.1 billion, respectively.
Also on the list are three crypto investors like Michael Saylor, CEO of Microstrategy, Mike Novogratz, CEO and founder of Galaxy Digital, and Vitalik Buterin, co-founder of Ethereum. According to Forbes data Saylor’s cryptocurrency net worth is $ 600 million, while Novogratz and Buterin’s cryptocurrency net worth is $ 478 million and $ 360 million, respectively.
Castillo emphasized that the newly published ranking “is by no means a complete ranking, but it shows how much some fortunes have skyrocketed”.. According to the expert, Bitcoin’s uptrend has spawned at least five billionaires, or “possibly a few more”. Castillo said the ranking is based on publicly available digital wallet data. “Using publicly available digital wallets and outdated reports, we wanted to identify some of the biggest winners in this recent cryptocurrency boom,” he said.
On January 8, 2021, Bitcoin’s price hit a new all-time high of $ 42,000 after a massive rally, after finally breaking $ 20,000 in late 2020. Shortly after hitting $ 42,000, Bitcoin saw a significant correction below $ 31,000 on Jan. 11.
However, based on the fundamentals of its network, Bitcoin price could head towards recovery, as Cointelegraph reported yesterday. In fact, Bitcoin rebounded a remarkable 20% after its recent crash on Jan. 12. At press time, Bitcoin is trading at $ 35,833, according to Cointelegraph’s Bitcoin Price Index, up 9% over the past 24 hours. In the past 30 days, Bitcoin is up more than 85%.