Thu 13 July 2023:
There are 19 people in the globe who become billionaires through cryptocurrencies, despite the fact that the cryptocurrency market is collapsing due to regulatory crackdowns.
Bitcoin is one cryptocurrency in particular that has allowed investors to generate outstanding profits.
Satoshi Nakamoto, the pseudonym for the creator of Bitcoin, is widely assumed to have the most Bitcoin wealth. Though the creator has not officially revealed the amount of Bitcoin he holds, estimates predict he has a wallet containing around 1.1 million BTC, according to data shared by niche news publisher BanklessTimes.com.
This would translate to an astounding $25 billion.
“Following Nakamoto is Changpeng Zhao, commonly known as CZ who is the founder and CEO of Binance, with a total of $65 billion. Prior to Sam Bankman-Fried’s scandal, he took third position with a total of $24 billion,” the report showed.
Aside from individuals, there are large corporations that have accumulated great volumes of Bitcoin.
According to the research, a total of 23 publicly traded companies have sizable investments in BTC.
The company with the most BTC investment is MicroStrategy Inc., which has 129,699 BTC, which is equivalent to $3,975 million.
Tesla, which purchased $1.5 billion in Bitcoin in 2021, is another high-profile example of corporate ownership of BTC. The automotive and clean energy companies also started accepting BTC as payment, which would have increased their overall value invested even more.
According to the report, the company later sold the majority of its bitcoin assets in 2022.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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