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Who are Bitcoin’s billionaires?

Photo of: Joseph Stone
by Joseph Stone

Several billionaires and renowned investors, such as Stanley Druckenmiller, now hold Bitcoin in their portfolios. They join Bitcoin billionaires like the Winklevoss twins… and Satoshi Nakamoto?

Activity on the Bitcoin network remains very intense. With a well-established cryptocurrency beyond $16,000, this is not surprising. Thus, the number of active addresses on the Bitcoin blockchain reached 1.18 million on November 9.

To find such levels again, we need to go back to the famous Bitcoin bull run in 2017. One more signal for all those hoping to see the cryptocurrency back to the 20,000 dollars? For Bloomberg, this prospect is conceivable in 2021.
However, other investors are not waiting until next year to diversify their portfolio and acquire Bitcoin. And among them are figures from the world of finance, incidentally billionaires.

This is the case of Paul Tudor Jones, for whom Bitcoin is today the best response to inflation. Last May, the financier declared that he held nearly 2% of his assets in Bitcoin. Another financial personality in turn reveals investing in Bitcoin.

It is the billionaire and hedge fund manager Stanley Druckenmiller. Asked about his acquisition of cryptocurrency by CNBC, Druckenmiller admitted buying “some” Bitcoin. However, he does not specify the value of this investment.

“Bitcoin could be an asset class that has great appeal as a store of value for both millennials and new West Coast money – and, as you know, they have a lot of it,” the billionaire comments.

“It’s been around for 13 years, and with each passing day, it’s becoming more and more stable as a brand,” Druckenmiller says. Nevertheless, the investor remains very committed to gold to this day.

“I own much more gold than I own Bitcoin. But frankly, if the gold bet works, the Bitcoin bet will probably work better because it’s thinner, more liquid, and has a lot more beta,” he says.

In any case, the hedge fund manager joins the circle of Bitcoin’s billionaire owners. However, he is to be distinguished from the Bitcoin billionaires. As Decrypt details, this circle consists of the first major buyers of cryptocurrency.

It would notably include the leaders of the Gemini exchange, the Winklevoss twins. But how many of these billionaires in all? According to BitInfoCharts, there are a handful of anonymous people. As of November 2020, seven Bitcoin addresses held over a billion dollars worth of cryptocurrency. However, two corresponded to the cold wallets of the Binance and Huobi exchanges.

Among the famous Bitcoin billionaires, Decrypt thus quotes Tyler and Cameron Winklevoss, Brian Armstrong, Changpeng Zhao, Chris Larsen, Micree Zhan… and Satoshi Nakamoto? The mysterious creator of Bitcoin is said to possess more than a million Bitcoins. This capital would be close to 16 billion dollars. Take this with a grain of salt though, there is no proof that this estimation is anything more than rumors on the Internet.