The creation of Bitcoin in 2009 was something very special. Even though the cryptocurrency did not get an immediate reaction from people and did not really change much in the financial industry, everyone knew that sooner or later it would overtake the world.
So it happened in 2017 when we witnessed the first boom when the price of Bitcoin hit its historic height. In 2020 it repeated its past result and as of January 2021 exceeds $30,000, while showing no signs of slowing down.
After Bitcoin other cryptocurrencies were created as well but none of them reached the same heights. Due to Bitcoin’s volatility, a lot of people started investing in this asset with the aim of earning more money. In this article, we will talk about the countries that have the richest crypto investors.
Forbes and crypto
It should be noted that in 2018, Forbes magazine for the first time has compiled a list of people who made a fortune on cryptocurrency. The volume of the magazine was calculated only roughly, as the market is opaque and volatile. Of course, this result allows us to find out which nationalities are the most active ones in terms of investing in Bitcoin.
The United States
It will be no surprising fact if we say that the United States is one of the leaders in terms of the people, who earn a lot on cryptocurrencies. The investment culture is sharply developed in the country. People learn a lot about new technologies, cryptos, blockchain.
However, there is one interesting thing that we can notice. It can easily be seen by how much they spend on crypto casinos. A lot of these investors use Bitcoin for playing casino games and we know that the latter provides significant advantages over traditional gaming.
At the same time, there is a very interesting point. The United States has one of the strictest regulations in the world regarding gambling. These regulations can be avoided with cryptos. You can remain anonymous and at the same time, no one will be able to track your transactions. Because of this, more people play with Bitcoin.
One of the richest people in terms of cryptocurrency is Chris Larsen. He is the co-founder of Ripple, a payment platform, as well as the cryptocurrency of the same name. His fortune, according to Forbes, is from $7.5 billion to $8 billion.
Russians are people who have also made significant contributions to the development of the crypto industry. Vitalik Buterin a Russian-Canadian programmer made a fortune by creating Ethereum – the cryptocurrency that at some point was challenging Bitcoin in superiority. But Bitcoin is still the largest cryptocurrency in the world.
Joseph Lubin, co-founder of Ethereum, the second most popular virtual currency in the world after Bitcoin is another person who made a lot with cryptocurrencies. It could be worth between $4 billion and $5 billion.
There are also people from Russia on the list. At number 13, Valery Vavilov, a native of the USSR, is the co-founder of one of the largest manufacturers of equipment for processing operations in the cryptocurrency market. According to Forbes, his personal account ranges from $500 million to $700 million.
The 17th place is taken by Vitalik Buterin, who has been living in Canada since the age of six. The invention of Ethereum could bring him up to 0.9 billion dollars. Buterin is an excellent example of a person, who managed to create a completely new thing and got money from it.
No question, China has made such a fantastic improvement in terms of technology that it will surpass the United States. Almost everything in China is gradually moving to new technologies and it is no wonder.
Changpeng Zhao, executive director of the Binance Exchange is a powerful individual from China. His fortune could reach up to $2 billion.
Speaking of Bitcoins, it is impossible not to mention Satoshi Nakamoto. Bitcoin’s father, Satoshi Nakamoto, still owns a large number of Bitcoins. Based on calculations, when Nakamoto was mining in the early stages, he is now estimated at 1.1 million Bitcoins.
How do we conceptualize 1.1 million in Bitcoin? If we calculate based on the current value of Bitcoin ($9,700), Nakamoto’s net worth will be about $10.6 billion.
Many people have tried to track Nakamoto’s real identity. From his early correspondence, some have suggested that he is none other than Hal Finney, the late scientist, while others believe he is a cryptographer Adam Beck. The range of assumptions is out of reach.
The bottom line
Investing in cryptocurrency is a very perspective activity, and more people are leaning towards it. We can assume that in the future this trend will only grow and we will see more individuals, who have managed to make millions from investing. It should also be noted that crypto is a very volatile asset, which always leaves space for future improvements.