There are several stories of people who became millionaires thanks to cryptocurrencies. Here are some famous examples:
1. Erik Finman
Story: In 2011, at just 12 years old, he invested $1,000 that he received as a gift from his grandmother in Bitcoin, when each coin was worth $12. By 2017, he became a millionaire, with a fortune valued at more than $4 million.
Lesson: He believed in the potential of Bitcoin from its inception and maintained his investment despite volatility.
2. The Winklevoss Twins (Cameron and Tyler)
Story: The Winklevoss twins, known for their feud with Mark Zuckerberg over Facebook, invested $11 million in Bitcoin in 2013 when it was at $120 per coin. Their investment grew significantly, and they currently have billions in cryptocurrencies.
Lesson: They diversified and invested in cryptocurrency platforms such as Gemini.
3. Vitalik Buterin
Story: Not just for investing, Vitalik co-founded Ethereum, one of the largest cryptocurrencies. He became a millionaire thanks to the appreciation of Ether (ETH) and his role in the development of blockchain technology.
Lesson: Innovating in the industry can be even more lucrative than simply investing.
4. Changpeng Zhao (CZ)
Story: CZ is the founder of Binance, one of the largest cryptocurrency exchange platforms. He started by buying Bitcoin in 2013 and then built an empire around crypto trading.
Lesson: He took advantage of the cryptocurrency ecosystem and focused on complementary services.
5. Barry Silbert
Story: He founded Digital Currency Group, which invests in cryptocurrencies and related companies. He was one of the first institutional investors in Bitcoin.
Lesson: He adopted a long-term strategy and supported the expansion of the industry.
