The crypto billionaire club is only growing. Here are the reasons why the number of crypto billionaires is rising every year.
, who are the founders of FTX Exchange and Coinbase, respectively. So, offering services that meet the needs of people in the crypto industry can be a profitable business.
Not only is Binance also one of the parties that hold the most Bitcoin, but CZ’s total assets are also substantial. For instance, his wealth comes close to Mark Zuckerberg and Satoshi Nakamoto.The latest crypto billionaire is Sam Bankman-Fried, the CEO and founder of FTX Exchange. When the price of Ether rose, Vitalik Buterin, the CEO and founder of Ethereum, became the youngest crypto billionaire.
When the price of ETH rises, the value of Vitalik’s assets rises with it. This is because Vitalik Buterinover 290,000 ETH, which is by far the largest portion of his assets. However, when the price falls, Vitalik is no longer a billionaire. With a favorable ETH price, Vitalik is the title holder, but otherwise, the title of the youngest crypto billionaire is for Sam Bankman-Fried.
Behind these top three Bitcoin holders are the cryptocurrency exchanges Bitfinex and OKX, both of which hold over 200,000 BTC. Then, withand Block.one, there are two more parties that own more than 100,000 BTC. Below the magic limit of 100,000 BTC are a lot of anonymous wallets, but also well-known figures like the Winklevoss brothers.