Investing in cryptocurrency has become a huge trend over the last few years. More and more people are considering crypto currency trading every day and the profit margins, as are with any other form of trading, are huge. While investment opportunities are big, there are a lot of risks attached to these as well. These currencies are volatile and by investing in Ripple and Ethereum, you stand to gain or lose huge sums of money at once. With some smart online security and thorough background research though, you can easily find yourself in a good position to start investing the right way.
Investing in Cryptocurrency
Investing not only in cryptocurrency but any item physical or digital requires a thorough study and understanding of the pattern of its performance in the market. It undoubtedly is associated with a significant amount of risk but according to a theory proposed by F.B. Hawley, ‘the higher the risk in business, the greater the potential financial reward is for the business owner.’ Although, investing in such currencies is not very complex.
There are several people who learned how to invest in Bitcoin Revolution and made big money buying cryptocurrencies like bitcoin, which is one of the leading names in this market. To fill the hearts of our readers with thrill and to encourage them to take their step down, here are 5 most investors who did wonders when talking about investing in cryptocurrency.
Satoshi Nakamoto is the name used by the creator of Bitcoins. There are considerable theories about who Nakamoto might be, there are also talks about this being associated with a person or a group of people. Well, that remains a mystery. Keeping that aside for a while, it is considered that Satoshi owns around 1 million bitcoins worth 19 billion dollars, making him fall in the list of richest people in the world. Nakamoto was the first to come up with the system of blockchains and a solution for double-spending simultaneously. Many people have claimed to be Satoshi, but this mystery continues.
Chris is the executive chairman as well as the co-founder of Ripple, a software which makes use of blockchains to record and verify several transactions and record of various assets and its own currency called, XRP. Larsen’s net worth is somewhere between $7.5 billion to $8 billion by means of harnessing cryptocurrencies for the use of financial institutions and major banks. This person is a well-known name in the market and is looked upon by several people looking to enter the crypto market. Following his footsteps, one could touch heights.
He is one of the Canadian founders of a platform associated with the blockchain, Ethereum. He is also the man behind ConsenSys which serves as a medium to spin off different cryptocurrencies all around the world. With a net worth of around 1 billion to 5 billion, he is a significant player in the crypto game. His ideologies and inspiration are driven by a paper written by ‘Nakamoto’ during the advent of such currencies. He was a student at the prestigious Princeton University and with the great caliber and potential his vision is to achieve a ‘shared infrastructure’ for an ‘organizing principle for the world.’
Also known as CZ to his friends and followers is the owner of the world’s biggest cryptocurrency exchange called Binance. Just sometime back the company also launched its own currency token known as Binance coin (BNB) functioning on the Ethereum blockchain. His company has around 6 million users which enabled him to accumulate a crypto wealth of around 2 billion. He also served his tenure as the chief technology officer at OKCOIN which exposed him to a lot of experience and knowledge in the crypto market allowing him to reach where he is today. Many newcomers in the market look up to him as their ideal.
Cameron and Tyler Winklevoss
These twin brothers were former rowers in Olympic games, they are famous pertaining to a lawsuit against Mark Zuckerburg claiming that he stole their idea of their Harvard Connection (now ConnectU) and came up with Facebook. The lawsuit got the brothers a decent amount of 65 million dollars which enables them to get on with various venture projects including Bitcoin. It is claimed that the brothers own 1 percent of Bitcoins all around the world creating a net worth of more than 1 billion dollars. The duo also recently launched its own currency exchange called Gemini along with holdings in various other cryptocurrencies such as Ether.
Cryptocurrencies are gaining popularity with each passing year. It is decentralized, safe, relevant, and accepted throughout the world. Today’s markets have welcomed the existence of various cryptocurrencies with warmth and several opportunities. For the newcomers, the market has significant scopes to let them make big out of investing in different digital currencies. In lieu of the changing environment of the world’s market drifting towards digitization, growth is the only constant here.