Meet the Top 10 Bitcoin Millionaires And their Succes Story in [year]
Top 10 Bitcoin Millionaires: Today, we’re going to share some incredible bitcoin success stories that are great examples of how to make money on cryptocurrency and become a bitcoin millionaire. We launched a cryptocurrency exchange way back in [year] and have grown it to over 80,000 Australian members. We’ve seen people quickly grow their wealth and change their life.
And we’ve seen that success means different things to different people. So in this article, we meet many bitcoin millionaires, including an apprentice who bought a house, a retiree who can’t stop smiling, and a student who was a millionaire by 18.
Top 10 Bitcoin Millionaires Success Stories in [year]
How to Make Money on Cryptocurrency and become a Bitcoin Millionaire
1. Javed Khan
“I bought a Bentley” — Javed Khan, trader
|29 May 1998
|United Arab Emirates
|Trader in Dubai
|Rags to riches story
|from Pizza Boy to Multi-Millionaire Trader
Javed Khan’s investment success began by accident. In 2018, when bitcoin’s price was around $3,000, he was using bitcoin as a method to transfer money because it was easier than using a bank. But whenever he left the bitcoin sitting in his wallet, the price would go up. He saw an opportunity.
Whenever the bitcoin price fell and it was quiet, we would buy more bitcoin. “When nobody’s talking about bitcoin, there are no headlines, that’s a good time to buy.” He was careful not to extend himself, only investing money he could afford to lose.
In 2020, he cashed in his profits and bought a Bentley. “I sent a video from the showroom to my mum and she cried, she was really proud.”
2. Mr. Smith
“I quit my job and left on a round-the-world trip” — Mr. Smith, anonymous software engineer.
After finishing college in 2008, Mr. Smith (not his real name) began working at a typical large technology company in Silicon Valley. He got on well with his “equally geeky” colleagues. In 2010, he invested $3,000. With the price of bitcoin only US 15 cents at the time, that means he had almost 20,000 bitcoin. “I knew from the very start that I was playing the long game. I wanted to see how high it could go,” he said.
Mr. Smith had almost forgotten about his investment 3 years later when it popped up in the news. With the price rising by 10% or more every single day, he sold 2,000 coins when the price hit $350. When the price hit $800 a few days later, he sold another 2,000 coins. He’d already netted $2.3 million. “I quit my job and left on a round-the-world trip.”
Today, he spends his time traveling the world in luxury. He flies first class to 5-star restaurants where he enjoys elite chef-prepared meals for every meal. In the 30 days before he was interviewed by Forbes, he’d visited Singapore, New York City, Las Vegas, Monaco, Moscow, and back to New York City, Zurich, and Hong Kong. His net worth is likely somewhere between a hundred million dollars and a billion dollars.
“He’s constantly talking about Bitcoin,” his girlfriend said, “If he starts talking about it, he’ll never stop. Ever.”
3. Daniel Crocker
“Bitcoin helped me buy my house” — Daniel Crocker, business owner
In 2012, Daniel Crocker was completing an apprenticeship at an IT company. Every lunchtime, he would chat with his colleagues about side hustles to make some extra money. When the topic of bitcoin came up, he decided to give it a go and make a small investment.
He then held those coins for 8 years as their value grew and grew. Last year, he sold some enough for half the deposit on his house. “I do know people who have gone in deep but I think I’ve been lucky enough already.”
4. Jeremy Gardner
“By dedicating my life to crypto assets and blockchain technology, I’ve made more money than I would have ever expected to make in my entire life — by a long shot.” — Jeremy Gardner
|January 20, 1992
Jeremey Gardner fell in love with bitcoin when he realized that anyone in the world with an internet connection could send money to anyone else. By buying bitcoin in 2013, he dove deeper into the technology and began giving more and more to the cryptocurrency industry.
He founded The BlockChain Education network which is a nonprofit educating people about blockchain technology, he launched Augur which is a decentralized prediction market, and he shared a three-story house in San Francisco known as the ‘Crypto-Castle’ that was home to over 6 multi-millionaires.
“We’ve been told that it’s going to die so many times. And yet here it is, stronger than ever. I think there’s a certain sense of vindication if you were investing in this technology and people were calling you stupid for a long time,” Gardner said.
5. Heather Delaney
“It’s part of my pension plan.” — Heather Delaney, business professional
“I put in £5 at the very beginning and I’ve built it slowly and steadily over time.” She’s planning to continue adding to her investment, as Heather is part of a growing cohort who are purchasing bitcoin and other cryptocurrencies as part of their retirement plan.
While the ultimate success of her investment will be judged at the time she retires, she’s already up over 500%. And as bitcoin is a long-term investment, the rapid price changes don’t phase her.
“I know loads of people who have done exciting things with their investments, but for me, it’s part of my pension plan.”
6. Kane Ellis
“In 2011 or so I cashed out 2-4 Bitcoins for a McDonald’s meal.” — Kane Ellis, Aussie entrepreneur
Born in South Australia, Kane Ellis has always been interested in technology. At 18 he launched a technology consulting company, Nerd Herd. Then he went on to launch the CarSwap app. Still, his best investment was to begin mining bitcoin back in 2010 when a single coin cost only $1.60.
He only made one mistake. He sold 2-4 Bitcoins to buy a McDonald’s meal. In today’s terms, that burger, fries, and coke could be worth 6 figures. Luckily, that was only a small portion of his holdings.
A few years later, he again sold a small portion of his holdings to indulge himself. But this time that small portion afforded a bright yellow $200,000 Maserati.
7. Terry Proud
“He can’t wipe the smile off his face.” — Terry Proud, retiree
In mid-2017 when bitcoin’s price was around only $3,000, retiree Terry Proud sold a portion of his superannuation investments to buy cryptocurrencies. Terry is part of a growing number of Australians who are investing in cryptocurrencies through Self-managed Super Funds (SMSFs).
When he was interviewed by Nine news, he said he “can’t wipe the smile off his face.”
8. Su Zhu
“If you don’t understand crypto and refuse to learn, it’s gonna be a tough century for you.” — Su Zhu, cryptocurrency trader
In 2012, Su Zhu and his friend from high school, Kyle Davies, launched Three Arrows Capital from the kitchen table in their apartment. Taking experience from their previous roles as traders for Credit Suisse, they quickly began making a profit.
While at one point they had contacted everyone they knew for an emergency loan, they quickly paid back the money and have now grown into one of the largest cryptocurrency trading funds in the world. They now also run DeFiance Capital, which invests in decentralized finance businesses that they expect to “eat traditional finance over the next decade.” Their firm’s logo was even featured in an illustration on the front cover of Fortune magazine.
Today, they’re best friends with young kids and have a cryptocurrency portfolio worth billions of dollars. There are multiple Lambos sitting out the front of their trading office.
9. James Saye
“It paid for a holiday in Iceland” — James Saye, technology consultant
In 2017, James was nervous about putting his money into bitcoin. Luckily, he bit the bullet and purchased around £500. As the value quickly increased by 500%, he cashed in his gains for £2,500.
James took his profits to Iceland, where he had a great holiday. He noted that while Iceland is lovely, it’s expensive. So he was glad to have the extra cash.
Thankfully, he bought back in again after the price dropped in 2018.
12. Erik Finman
“If I make a million dollars by the time I’m 18, I don’t have to go back to school or go to college.” — Erik Finman, high school dropout, and entrepreneur
In 2011, when Erik Finman was only 12 years old, he took $1,000 his grandma had given him and invested it in bitcoin. A single bitcoin was worth around $10 at the time.
He first discovered bitcoin after his brother took him to a protest held at the Jefferson Memorial in Washington DC. When he saw a guy with a bitcoin shirt on, he asked his brother what bitcoin is. “It’s going to end Wall Street, the bro.”
Erik began researching bitcoin and could see a bright future. “For three years, I just was basically doing bitcoin trading and school, and that was about it.” But he never liked high school.
“People didn’t really get what I was trying to do, get what I was searching for or what I was dreaming of. I had one teacher tell me, yeah, drop out, work at McDonald’s since I’ll never amount to anything more in life,” he explained.
So he dropped out of high school at 15 and made a bet with his parents — if he made a million dollars by the time he was 18 he didn’t have to go back to school or go to college.
Immediately, he sold $100,000 of bitcoin and started a business from his bedroom. Inspired by his negative school experience, he built an education company, Botangle, where teachers would teach students skills over video chat. For example, an Australian wanting to learn Japanese could hire a private tutor in Tokyo. Two years later, he sold his company for 300 bitcoins.
When bitcoin crossed $2,700 he was officially a millionaire. Critically, he was 17 years old, so he won the bet with his parents. Instead of going to college, he traveled the world visiting Dubai, Hong Kong, Beijing, London, Prague, Sydney, Melbourne, Vienna, and Stockholm.
Today he’s grown his bitcoin holdings and has a net worth of 8 figures. He’s a key investor in a Silicon valley cryptocurrency startup and helped introduce the Crypto-Currency Act of 2020 as a citizen advocate.
In true crypto style, his first splurge was an Audi R8.
Check Also: 5 Unique Points To Know About Bitcoin
Frequently Asked Questions (FAQs)
Who has profited most from Bitcoin?
US-based software company MicroStrategy (MSTR) was the world’s biggest publicly traded corporate owner of bitcoin.
What is Bitcoin being used for?
With Bitcoin, holders can buy, sell and exchange goods or services without a central authority or bank as an intermediary. Bitcoin is one of the most well-known virtual currencies today, with its value rising dramatically since its launch in 2009.
Who is the most successful crypto investor?
Barry Silbert, Michael Saylor, Tyler and Cameron Winklevoss, Elon Musk, Michael Novogratz
How do you explain Bitcoin investment?
Bitcoin users can buy, sell and exchange it directly, without going through a bank or money processor. Many ways exist for investing in Bitcoin, including trading and mining.
Does Bitcoin pay real money?
There are two main avenues to convert bitcoin to cash and ultimately move it to a bank account. Firstly, you can use a third-party exchange broker. These third parties will exchange your bitcoins for cash at a given rate. It is simple and secure.
Why should I buy Bitcoin?
Why should I buy Bitcoin?
Another common reason to invest in cryptocurrency is the desire for a reliable, long-term store of value. Unlike fiat money, most cryptocurrencies have a limited supply, capped by mathematical algorithms.
Is it safe to pay in Bitcoin?
Cryptocurrency is considered more secure than credit and debit card payments. This is because cryptocurrencies do not need third-party verification.
Who became billionaires from Bitcoin?
Five years ago Sam Bankman-Fried hadn’t bought his first bitcoin, but today, he’s one of the youngest billionaires in the world thanks to cryptocurrency and one of the most powerful people in the young but fast-growing crypto industry.