Riding the Rise
There are tons of Bitcoin critics out there. The cryptocurrency has been under fire since the day it was founded back in 2008, and the only thing that has happened is the price rising. Not everyone hates it, however, and there are tons of people who have taken advantage of the steady rise in Bitcoin’s price. Since 2008 the price has risen from a few cents all the way up to over $15,000. If you bought at the right time, you’d be sitting on a huge mound of cash, and that’s exactly what these people did.
Tony Gallippi is the entrepreneur that co-founded Bitpay, one of the first ever Bitcoin payment processors. Not only was it one of the first, but it was the most popular service right from the beginning. The service currently processes millions of dollars worth of payments every single day.
In 2014 he was able to employ over 80 people to his company. He’s since been incredibly successful and has over $20 million in Bitcoin to his name.
Charlie Shrem might actually be the most influential bitcoin millionaire out of them all. He bought a large amount of bitcoin back when he was only 22 years old, and he founded BitInstant with some of the money that he made. The company was successful at first, but then he was found guilty of laundering money and things fell apart.
After he was released from prison in 2016 he got right back to it. He made a company called Intellisys Capital with all of his bitcoin money, and it’s doing pretty well. He’s estimated to have over $45 million from his bitcoin profits alone.
Tim Draper is a venture capitalist who is worth billions of dollars thanks to his smart investments in companies like Skype. Back in 2014, he bought around 30,000 bitcoins. At the time that cost him around $10.5 million, but if he sold that back today he’d have about $450 million. That’s a pretty good turnaround if you ask me.
He’s clearly into cryptocurrency as he’s even backed Tezos, a new cryptocurrency on the rise.