Forbes, a major business magazine, has named Gemini founders Cameron and Tyler Winklevos the richest billionaires in Bitcoin (BTC).
Michael Del Castillo, a cryptocurrency reporter for Forbes, compiled the ranking for a list of bitcoin investors who benefited the most from the massive increase in Bitcoin to $ 42,000 in early January.
The arrangement includes three bitcoin investors with an estimated value of more than $ 1 billion in cryptocurrencies, including the Winklevoss brothers and major industrial investor Tim Draper and Matthew Roszak, chairman and co-founder of the blockchain company. The twins topped the list with an estimated net worth of around $ 1.4 billion each. They are followed by Roszak and Draper who have an estimated net worth of $ 1.2 billion and $ 1.1 billion, respectively.
The list also includes three additional crypto investors: MicroStrategy CEO Michael Saylor, Galaxy Digital founder and CEO Mike Novogratz, and Ethereum co-founder Vitalik Buterin. According to Forbes, Sailor’s cryptocurrency has assets of $ 600 million, while the net worth of Novogratz and Buterin is $ 478 million and $ 360 million, respectively.
Castillo stressed that the recently released rating “is by no means a complete assessment, but rather reflects how wealthy some people have grown.” Bitcoin’s rise has created at least five billionaires, and “maybe more,” according to the expert. Castillo said the assessment is based on publicly available digital wallet data. “By using everything from public digital wallets to old reports, we set ourselves the challenge of identifying some of the biggest winners in the recent cryptocurrency boom,” he said.
Bitcoin hit a new full-time high of $ 42,000 on Friday after massive gains after surpassing $ 20,000 at the end of 2020. Soon after reaching $ 42,000, Bitcoin underwent a major correction below $ 31,000 on Monday.
But according to the fundamentals of the network, Bitcoin price could move towards a recovery, as reported by Cointelegraph yesterday. Indeed, Bitcoin posted a remarkable 20% rebound on Tuesday after the recent carnage. At time of publication, Bitcoin is trading at $ 35,833, up about 9% in the past 24 hours, according to the Cointelegraphs Bitcoin Price Index. Over the past 30 days, Bitcoin has grown by more than 85%.