Bitcoin is the largest digital asset with a market cap of $432 billion as of 24 July 2022. It is widely popular among crypto enthusiasts and speculative investors. Here are top business owners and entrepreneurs who have invested heavily in this digital asset.
Casey Caruso
Casey Caruso is a partner at Paradigm in San Francisco, California. At this crypto-focused investment firm, she has invested in companies such as Axie Infinity and AI Arena. Before joining Paradigm, Caruso was an engineer at Google and also worked part-time as an investor at Bessemer Venture Partners where she focused on frontier technologies such as crypto, machine learning, and quantum computing.
Barry Silbert
Barry Silbert, who is the founder of the Digital Currency Group (DCG), began his successful career with a bold investment in Bitcoin in 2012. His firm, DCG, has since become a leading crypto venture fund and Silbert has transformed Grayscale Investments into the world’s largest digital asset manager. DCG has invested in a variety of crypto companies, including CoinDesk (news), CoinMetrics (data), Coinbase (exchange), and Circle (payments and stablecoins).
Vitalik Buterin
Buterin is a Russian-Canadian programmer and one of the founders and creators of Ethereum, the second-largest cryptocurrency by market-capitalisation. In 2013, Buterin conceived Ethereum, an open-source blockchain that supports functions like app and program development with the power of cryptocurrencies, especially its native coin, Ether.
He developed the blockchain project in response to the perceived weaknesses of Bitcoin. With his co-founders Buterin launched it in 2015. Ethereum can be utilised to codify, decentralise, save, and trade just about anything such as voting, domain names, finance exchanges, crowdfunding, company governance, contracts and agreements, intellectual property, and even smart property with its hardware integration.
Jared Madfes
Madfes is a partner at Tribe Capital, which is a $1.5 billion venture firm where he leads crypto initiatives. He’s taught many people how to buy crypto and led investments in Akash Networks, Eternal Return, Lit Protocol, Mnemonic, Titan, Visor Finance and WeMeta, among others. At the same time he helped the firm to develop a strategy that includes long-term hold positions in liquid coins and tokens, together with direct involvement with DAOs and decentralised communities. Madfes previously invested in crypto projects on behalf of a European family office, building a $100 million-plus portfolio.
Sam Bankman-Fried
As a 29-year-old multibillionaire who established one of the fastest-growing cryptocurrency exchanges in FTX, Sam Bankman-Fried indeed boasts the resumé to appear at the top of any list of crypto leaders. FTX most recent round of financing set a crypto record by earning $900 million from the likes of famous VC firm Sequoia Capital and even Coinbase’s venture arm. It also cemented an stupendous increase in its valuation — from $1.2 billion last year to $18 billion now. Looking ahead with all this money, the company could very easily make a splash with acquisitions.
Michael Saylor
The co-founder and CEO of business intelligence firm MicroStrategy, Michael Saylor is of the belief that cryptocurrency is the next biggest investment. MicroStrategy increased its Bitcoin holdings in July 2022, purchasing 400 bitcoins for approximately $10 million. The company holds a total of 129 699 Bitcoins.
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