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Who are the richest people in crypto?

Photo of: Joseph Stone
by Joseph Stone

The blockchain and cryptocurrencies markets are doing well. And that benefits industry figures like Coinbase CEO Brian Armstrong and FTX CEO Sam Bankman-Fried. And the creator of Bitcoin?

The U.S. exchange Coinbase is on track to go public. The company’s goal is to reach a market value of 100 billion dollars. And its CEO and founder will be the first beneficiary.

The latter’s fortunes are already in good shape, however. Brian Armstrong is one of Hurun Report’s “2020 Global Rich List” billionaires. According to the ranking, there are 17 billionaires on the blockchain.

And these large fortunes mainly derive their capital from crypto exchanges, or from their activities as investors and miners. And another sign that the market is currently experiencing a real boom, 11 new billionaires have joined the 2020 ranking.

The first of them is Brian Armstrong of Coinbase, with an estimated $11.5 billion in assets – even before the exchange IPO. He precedes another crypto figure in the rankings.

This is Sam Bankman-Fried from FTX, a reference in the world of decentralized finance, DeFi. His assets are in fact valued at 10 billion dollars. He is ahead of the boss of another exchange, Zhao Changpeng of Binance ($8 billion).

Other personalities from the cryptocurrencies are also making their entry in the ranking. These include Gemini’s investors and bosses, the Winklevoss twins. Seventh, Michael Saylor is today the main promoter of Bitcoin in companies.

The founder of MicroStrategy is responsible for the company’s record multi-billion dollar cash investment. The company owns more than $2 billion of Bitcoin. But Saylor also owns BTC. As a result, its assets are $2.4 billion.

But the biggest fortune in cryptocurrencies is missing. Who is it? The founder of Bitcoin, known under the pseudonym Satoshi Nakamoto. Thanks to his Bitcoin, he would supplant all the leaders of the $50 billion Hurun ranking.

Nakamoto could even claim 25th place among the world’s largest billionaires. “However, as his true identity is unknown, or even if he is alive, Hurun Research has left him off the list. ยป

Another absent, yet well-known, Vitalik Buterin, 27, from Ethereum. He “should probably also be on the list, but his holdings in Ethereum are unclear,” Hurun says. As a result, he does not appear on the 2020 list.