There are a number of success stories about people who became Bitcoin millionaires. After the launch by Forbes of the first wealth ranking in cryptocurrencies earlier this year, some of these stories became well known. Others, however, were not so much.
Next, a sample of these not so publicized, but lucky criptomillonarios, who, with a dose of luck, initiative and risk, fattened their digital assets beyond what your imagination could ever dream.
Kingsley Advani - Early Investor
Kingsley Advani was able to become a Bitcoin millionaire at the age of 24 years. He did it by investing in cryptocurrencies after a friend introduced him to the industry in 2012.
Advani's process of becoming wealthy could be considered a major risk, since Advani sold his worldly possessions and took thousands of dollars in savings from his bank accounts. In total, Advani invested US $ 34,000 and was able to register low seven-figure amounts in just six months.
Now, Advani travels the world and works in London, New York and San Francisco as an advisor to cryptocurrency startups.
Erik Finman - Early Investor
Erik Finman is known as one of the youngest cryptocurrency millionaires in the world. Finman began investing in crypts in 2011, when the price of BTC was around US $ 12. After receiving US $ 1,000 as a gift from his grandmother, his brother Scott suggested buying Bitcoin.
At the end of 2013, it sold its currency holdings when the price reached US $ 1,200 per unit, obtaining US $ 100,000. With those profits, he started an educational technology company called Botangle in early 2014.
In 2015, an investor offered to buy Finman's company. The investor gave him a choice between US $ 100,000 or 300 BTC. At that time, the value per BTC was around US $ 200. However, Finman believed in the future of the cryptocurrency and chose the second option.
For the summer of 2017, Finman owned 403 BTC. As of July 2018, the value of this investment amounts to around US $ 2.5 million.
Eddy Zillan - Early Investor
Eddy Zillan is another good example of how it is possible to convert a small investment into millions of dollars. When Zillan was only 15 years old, she started investing in cryptocurrencies.
According to Zillan, there were no online resources (ie, books, YouTube tutorials or other investors) that he could count on when he started investing. Compared with the previous cases, your initial investment was quite small.
At first, Zillan only invested US $ 100. However, the first day, he generated US $ 10 in profits. As the prices of cryptocurrencies continued to rise, Zillan invested more. In a few months, his portfolio totaled US $ 350,000. At the beginning of 2018, at the age of 18, Zillan's portfolio had reached more than US $ 1 million.
Ian Balina - ICO investor
Ian Balina's trip to cryptocurrency wealth is interesting for several reasons. Unlike the people who invested primarily in BTC in the early days when prices were extremely low, Balina invested in several ICOs of emerging cryptocurrencies.
Balina even created a public Google spreadsheet so that other investors could see what projects she invested in. He also developed a rating system and included information on why he chose not to invest in some popular projects. Unfortunately for those interested, the Balina document is no longer online.
Its wealth began at around US $ 100,000 and since then it has reached a maximum of around US $ 6 million.
Olaf Carlson-Wee - First employee at Coinbase
While the previous examples show how early investment and good timing in the market created Bitcoin millionaires, not all stories involve investment. The case of Olaf Carlson-Wee demonstrates how working for a small business can be financially beneficial.
Initially, Carlson-Wee invested in Bitcoin when the price was only US $ 16. While this seems like a fantastic investment in 2018, the price soon dropped to US $ 2 per BTC. However, Carlson-Wee did not give up, believed in the future of the cryptocurrency and applied to become the first employee of Coinbase in March 2013. Instead of accepting a salary in dollars, he accepted payments with crypts.
In July 2016, he left Coinbase to found his own cryptocurrency hedge fund, Polychain Capital. According to a report, Polychain's assets increased from an initial amount of around US $ 4 million to US $ 300 million in 2017.
Barry Silbert - Entrepreneur
Barry Silbert is the CEO and founder of Digital Currency Group (DGC) and, according to reports, has invested in about 75 companies related to the crypts. DGC is recognized as the world's leading company in terms of quantity and value of investments in cryptocurrencies. It was reported that DGC reached US $ 300 billion in assets under management in 2017.
Silbert also owns some other companies focused on the cryptocurrency market. These include Genesis, Grayscale and Bitcoin Investment Trust.
Who will be the next?
It will be interesting to see what criptomillonarios do in this list with their wealth in the future. Will they keep their coins or will they charge? What roles will they play in the future development of the cryptocurrency market? As is already known, there is a variety of new commercial opportunities possible thanks to Blockchain and digital currencies.
Although it may not be as easy to make big profits from a small investment as it was a few years ago, the market could take a turn, creating the potential for a new litter of rich crypts to enter the club.