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Who are the nine billionaires who said they have Bitcoin

Cryptocurrency

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Several billionaires have already claimed to own bitcoin. Some of them opened their own wallets and bought Bitcoin while others were given gifts. See those already known below.

Elon Musk

Image: Flickr / JD Lasica
  • Estimated net worth: US $ 40 billion
  • Bitcoin Equity: 0.25 BTC ($ 2,400)

Billionaire technology tycoon Elon Musk has stakes in several companies. However, its share in Bitcoin represents little.

Musk revealed to own bitcoin in 2019, after declaring the cryptocurrency to be "brilliant", adding that it is better than paper money as a medium of exchange. According to the businessman, his Bitcoin was presented to him by a friend.

However, despite an apparent affinity with Bitcoin – it recently claimed to have only 0.25 BTC.

Mark Cuban

Image: Shutterstock
  • Estimated net worth: US $ 4.3 billion
  • Bitcoin Equity: $ 130

Mark Cuban is an investor and owner of the Dallas Mavericks. He recently entered the cryptocurrency market and said he would rather “have bananas than Bitcoin”. It revealed to have about $ 130 in bitcoin.

The businessman entered Bitcoin due to a partnership between the Dallas Mavericks and the Bitcoin payment processor, Bitpay.

“We are now accepting Bitcoin – please buy everything in Bitcoin. Said Cuban, speaking on the Pomp Podcast. ” I'm fine with that, right? I think we got $ 130. It's all Bitcoin I currently have. ”

Paul Tudor Jones

Paul Tudor Jones. Image: Twitter.
  • Estimated net worth: US $ 5.1 billion
  • Bitcoin Equity: 1% of its portfolio

Bitcoin advocate Wall Street investor Paul Tudor Jones is one of the newcomers to Bitcoin on this list. In May, during an interview with CNBC, Jones noted that he holds “one percent” of his total Bitcoin assets.

However, Jones took it a step further. In a letter to shareholders, he argues that Bitcoin is a hedge against inflation led by the coronavirus.

“I'm not a bitcoin or hard-money nut,” he wrote, “At the end of the day, the best strategy for maximizing profit is to own the fastest horse… If I'm forced to predict, my bet is that it will be Bitcoin ”.

Brian Armstrong

Coinbase CEO Brian Armstrong. Image: Coinbase.
  • Estimated net worth: US $ 1.3 billion
  • Bitcoin Equity: Unknown

Perhaps it is not so surprising that Armstong is on that list. As the founder of Coinbase – unlike previous participants – he was exposed to Bitcoin earlier than most. Armstrong founded Coinbase in 2012; at the time, Bitcoin only cost $ 10.

The head of the exchange remains reticent about his holdings, Fortune said he has more Ethereum than Bitcoin. Which may explain his reputation as a believer in alternative cryptocurrencies instead of a maximalist in Bitcoin.

Jack Dorsey

Jack Dorsey, CEO of Twitter. Image: Shutterstock.
  • Estimated net worth: US $ 4.7 billion
  • Bitcoin holdings: “enough”

Twitter CEO and Bitcoin evangelist Jack Dorsey has been passionate about Bitcoin for many years – coming to facilitate the purchase of Bitcoin at his payments company, Square, in 2018. Since then, Dorsey has suggested that Bitcoin could become the currency of the internet and even called his whitepaper “poetry”.

Like Armstrong, however, Dorsey remains tight-lipped about his Bitcoin capital – On twitter, he responded to a Bloomberg reporter saying he simply had "enough". He also recently stated that he is buying more.

Changpeng “CZ” Zhao

“I already feel richer,” says Binance CEO about bitcoin halving
Changpeng Zhao, CEO of Binance (Photo: Reproduction)
  • Estimated net worth: US $ 2.6 billion
  • Bitcoin Equity: at least 1,667 Bitcoin ($ 16 million)

Changpeng “CZ” Zhao is the first on this list to own 100% of his cryptocurrency assets. He mainly owns Bitcoin and Binance Coin (BNB), Binance's native cryptocurrency, which he owns and operates.

In 2013, Zhao was playing poker with BTCC founder Bobby Lee in Shanghai, China. Lee told him to put 10% of his net worth in Bitcoin. Shortly afterwards, Zhao sold his house for $ 1 million and put it all in Bitcoin, when it was only worth $ 600 each coin. That would have been approximately 1,667 Bitcoin, worth $ 16 million today (Zhao confirmed to Decrypt that he did not change that amount).

Forbes estimated its net worth at $ 1.1 billion in February 2018. Although Bitcoin prices have since fallen, Binance has continued to generate strong revenues, mainly due to new features, including derivatives trading.

The Winklevoss Twins

Image: Shutterstock
  • Estimated net worth: $ 1.8 billion (together)
  • Bitcoin stakes: 1% of all Bitcoin (as of April 2013)

The twins who won a millionaire lawsuit against Facebook, for having the idea stolen, became tycoons holding 1% of all existing Bitcoin – meaning that their net worth varies according to the price of Bitcoin.

After a legal battle against Facebook founder Mark Zuckerberg, the twins took $ 11 million invested directly in Bitcoin. They then founded the cryptocurrency exchange Gemini.

According to the Bitcoin Billionaires book, the twins store their Bitcoin very securely. They bought several new computers, created wallets, used complex codes to split private keys or passwords in the wallets and printed them on various pieces of paper. They then placed the guides in different safes in the USA. In fact, this strategy highlights the way Bitcoin is maintained today at Gemini.

Tim Draper

  • Estimated net worth: US $ 1 billion
  • Bitcoin Equity: over 30,000 BTC ($ 290 million)

At a U.S. Marshals auction in 2014, Tim Draper bought around 30,000 Bitcoins. Since then, he has remained passionate about the asset, even selling some equity positions to buy bitcoin.

"It's too much, too much, too much," he told CNBC, in response to how much he had transformed from his capital into Bitcoin.

During the bitcoin halving last week, Draper doubled his price forecast for the cryptocurrency.

"In 2022, or early 2023, I expect it to reach $ 250,000 because the dollar is going to plummet," he said. Complementing that the printing of money by the government will play a fundamental role in the devaluation of the dollar.

"I hope to see the price go up in six months and by 2022/2023, we will start using Bitcoin as much as we use dollars and the use will spread," he added.

Chamath Palihapitiya

Palihapitiya (right) with Richard Branson. Image: Twitter.
  • Estimated net worth: US $ 1 billion
  • Bitcoin Equity: About 5% of the outstanding offer (in 2013)

Chamath Palihapitiya, founder of Social Capital and a former senior executive at Facebook, invested in Bitcoin as early as 2013. With a price of just $ 80 per coin, Palihapitiya claimed to own about 5% of all BTCs in circulation at the time.

On April 3, he discussed what conditions would be necessary for Bitcoin to become popular. "What it does is replace the value transfer method you need to make fiat money valuable, but that only happens if the US dollar falls into disrepute," said Palihapitiya.

But when talking about the notion of Bitcoin potentially replacing fiat currencies, Palihapitiya said that "one thing you need to note is the volatility of the US dollar – and you cannot replace it with something that is much more volatile".

* Translated and republished with authorization from Decrypt.co

This source of this article is portaldobitcoin.com.

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