Crypto holdings have made some people billionaires, but how many? (2024)

FAQs

How many people became billionaires from crypto? ›

Are There Any Bitcoin Billioniares? There are 16 cryptocurrency billionaires in Forbes' ranking of billionaires. Sam Bankman-Fried is still on the list, but Forbes lists the ex-CEO of FTX with no wealth. 16 There are likely many more billionaires who own crypto, but most do not publicize their holdings.

Over the course of its 15-year history, Bitcoin (CRYPTO: BTC) has made plenty of millionaires. In fact, data from the blockchain analytics platform Glassnode shows roughly 115,000 wallet addresses with a balance of more than $1 million today.

For many investors, billionaire Mark Cuban may be best known as one of the investors on the popular ABC program Shark Tank. But for crypto enthusiasts, Cuban is best known as a champion of Bitcoin, Ethereum, and Dogecoin during the previous crypto bull market rally.

Changpeng Zhao, better known as CZ, the founder of Binance, is among the most significant Bitcoin holders with an estimated net worth of roughly $96 billion. While the exact number of Bitcoins CZ owns remains unknown, it is reported that he sold his apartment in China to buy $1 million worth of BTC back in 2014.

Changpeng Zhao (CZ) – $15 Billion Net Worth

The first position in our list of the richest crypto investors goes to Changpeng Zhao.

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.

The truth is that you can get rich by investing in crypto, but making money in crypto is the same as making money with any type of investment. To become rich, you have to do your research, work with a financial advisor, follow specific markets and make trades at the right time.

Key Points

Current predictions call for Bitcoin to hit a price of $1 million by the year 2030. Even with Bitcoin soaring in price to $1 million, the likelihood of becoming a crypto billionaire with a very modest investment is quite small.

Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.

Which crypto will boom in 2024? ›

NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.

The largest holders of Bitcoin include Satoshi Nakamoto, public companies like MicroStrategy and Tesla, institutional investment trusts such as Grayscale, individuals known as “Bitcoin whales,” and even some governments through legal seizures and strategic purchases like the United States and El Salvador.

Key Takeaways. There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC). The number of global crypto owners reached 580 million by the end of 2023, according to Crypto.com.

As of 2024, we estimated global cryptocurrency ownership rates at an average of 6.8%, with over 560 million cryptocurrencies users worldwide.

And for a newly emerging class of centi-millionaires — those who have made their money in the field of cryptocurrencies (our recent Crypto Wealth Report finds that there are currently 182 crypto centi-millionaires, with crypto holdings of USD 100 million or more) — it makes sense to gain access to jurisdictions with ...

Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman. On Thursday morning in Manhattan, U.S. District Judge Lewis Kaplan will deliver his decision on how many years Sam Bankman-Fried will spend in prison. The FTX founder was convicted in November of all seven criminal counts against him ...