The Cryptocurrency Billionaires Of 2021’s Digital Gold Rush | Forbes

It’s a digital gold rush. The surge in the value of Bitcoin and other cryptocurrencies pushed nine new crypto billionaires onto the Forbes list. As the cryptocurrency market grows, so does the industry’s three comma club.

When the U.S. economy tanked in March 2020, panicked investors dumped stocks and risky assets for cash and treasuries. Bitcoin’s price fell 50% in a day, and other cryptocurrencies followed as the public braced for the unknown.

Twelve months later, the prospect for digital assets has never looked brighter. Bitcoin pole-vaulted into 2021, with prices briefly surpassing $60,000 per coin in March. Other tokens saw similar gains, pushing the total cryptocurrency market capitalization to over $1.5 trillion.

And now, large institutions are joining in on the action. Companies such as Square and Tesla are putting Bitcoin on their balance sheets. Once-stodgy financial firms like BNY Mellon, the nation’s oldest bank, are building crypto products. Even the Federal Reserve is involved, exploring the possibility of a digital dollar.

As the crypto market grows, so does the industry’s three comma club: 12 crypto billionaires made the 2021 Forbes World’s Billionaires list, up from just four last year. The group’s composition—investors, builders, and issuers—reflects how the crypto ecosystem is evolving, and who’s getting rewarded.

Net worths are as of March 5, 2021.

Read more on Forbes: https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=5749fc8525e2

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

30 Comments

  1. Unbelivable! Crypto Markets and Stocks Markets are the best! Which other markets do you know? 🥳 🥳 🥳

  2. How to evade taxes and screw the 99% and yet look cool and ensure you have clients in that 99%.

    It’s true, all that was once revolutionary is being used by the system to feed itself, hopefully, growing fat and dying soon from diabetes… Crypto was an interesting thing, now it’s a tool to fool at the wrong hands.

  3. What about Vitalik Buderon and Charles Hoskinson? Pretty sure they should have made the list as well. They also both earned it too not just slid by on a life of luck like the Winkledouche twins..

  4. This article kind of frustrates me because the most important people in this space that built these technologies. Those who have been involved in the space since 2012 weren’t even mentioned. There are much more prominent crypto billionaires who deserve some degree of recognition.

  5. The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

  6. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

  7. There’s no doubt in my mind that we are not only going bullish , but BTCis going nuclear . A lot of people are wondering if now is a good time to buy because of where the price is at right now . I’d say it’s outrightly wrong to just sit back hodl and wait maybe incur some losses along the line , that’s a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof ! ts should be the way of life , even experienced traders are in a doubt to take long or short position . I have been more skillful than lucky to be honest also thanks to garric_norman_fxt . Garric who trainedme as my initial investment was multiplied by 5 In two months . After getting in touch with Garric Norman. , an exp : ert in cryptography , who showed me how to use his program to make transactions and got 14 bitcoin in 2 moths with him . f you are looking for a way to increase your portfolio or investment . Garric Telegram @garric_norman_fxt.

Comments are closed.