From humble beginnings as a disruptive idea to becoming a financial revolution – cryptocurrencies are now one of the fastest-growing asset classes. Bitcoin, especially from its modest beginnings in 2011(priced at $1), is being touted as one of the most remarkable crypto success stories, with the potential to become the 5th strongest performing asset by 2024, with an estimated market value of over $5 trillion and an average annual growth rate of 103.5%. While the numbers present a rags-to-riches story and a potential yet to be realized, cryptocurrencies, for long, have drawn to themselves people from everyday lives. Some, in fact, became crypto millionaires in just a few years despite starting out knowing almost nothing about crypto.
While talking about blockchain, Bitcoin, and other crypto success stories, we’ve had quite a few personas that, from their trading journey, tasted success and etched their names in ‘the journals of crypto fame of success.’
Here are our top five picks for you to relish!
Crypto Millionaires: Cooper Turley
First in our list of crypto millionaires is Cooper Turley, who embarked on his crypto investment journey in 2017 when Bitcoin was over 2,000 USD and Ethereum, a few hundred dollars. He invested in both. It is not known how much he initially invested, but “it was not a lot at all,” he says. “At that point, I was still in college, working some ad hoc jobs. I was just putting a couple of hundred dollars in, here and there.”
While pursuing a degree in the music business at the University of Colorado, Denver, in 2017, Turley claims to have made his first Ethereum investment. He discovered that the Ethereum blockchain has the power to transform the music business and give musicians more control over their work; for instance, smart contracts on the blockchain might make it easier to provide direct royalties to creators.
He strongly believed in the potential of crypto trading to help him make a name for himself and resolved to go down the “rabbit hole of fascination with the technology.” At present, he works with DAOs (decentralized autonomous organizations) and provides advisory services to the Variant Fund, a crypto investment firm, and decentralized music streaming service Audius.
“I became fascinated with learning who the key players were and staying up on the latest trends.” His early investments have now grown into seven-figure-worth investments while he works and invests in multiple projects in the crypto market.
Erik Finman
The youngest of crypto millionaires, Erik Finman, has an interesting story. In 2011, Erik, at the age of 12, got a gift of 1000 USD from his grandmother and a tip from his younger brother. He invested this money in Bitcoin and other cryptocurrencies. He had a bet with his parents that he would be allowed to skip college if he could convert 1000 USD to a million USD. And to everyone’s dismay, he hit the jackpot!
“I say if you do not become a millionaire in the next 10 years, then it’s your own fault.”
In 2013, the value of Bitcoin shot to a whooping 1200 USD, and his investments overturned his net worth. At 15, he launched an online education startup, Botangle. He later sold Botangle to another millionaire. His remuneration choice, either 100,000 USD or 300 Bitcoins, showcased his early insights into the crypto market, propelling him to the status of one of the crypto millionaires at just 18.
As per the deal with his parents, he does not attend a traditional college. “The way the education system is structured now, I wouldn’t recommend it. It doesn’t work for anyone,” says Finman, “I would recommend the internet, which is all free. You can learn a million times more off YouTube and Wikipedia.”
He is actively engaged in learning from real-world experiences. Finman maintains a balanced schedule with a variety of initiatives, including work with NASA. These actions, together with his astute commercial judgment, may have contributed to his success.
He introduced Metal Pay in 2019, a platform to help beginners navigate their way into crypto trading, further solidifying his position among crypto millionaires and his role in shaping the crypto future.
Crypto Millionaires: Kingsley Advani
Kingsley Advani went all in with 64,000 USD In the fall of 2017 as his crypto trading investment and turned it into seven figures in six months, pointing towards his promising crypto future. A friend introduced him to Bitcoin and crypto trading in 2012, and he recognized the crypto pattern early. It was the blockchain technology that excited him more about cryptocurrencies.
“You don’t need centralized banks to send money; you have these great pieces of tech send money for you through cryptography. So unlike banks, it’s faster, cheaper, and more secure.”
In his early 20s, Kingsley Advani worked at a software company and invested as much of his pay as he could in the crypto market, paving a fast approach to becoming one of the crypto millionaires. He also decided to sell everything, from his laptop to his headphones, and invest the proceeds in Bitcoin and other cryptocurrencies because his wage wasn’t enough for him.
“Every month, I was waiting for that paycheck, and I put it straight in.”
Today, Advani voluntarily serves as an advisor to cryptocurrency firms. He commutes between San Francisco, New York, and London for meetings and to collaborate with firms that develop the next hottest thing in blockchain technology.
Advani is passionate about blockchain technology and believes, “It’s like a rebellion to traditional finance.” As a word of advice and a mantra for crypto trading, he says, “Only put in what you can afford to lose.”
Winklevoss Twins – Tyler and Cameron Winklevoss
The Winklevoss twins stand as exemplary figures among the crypto success stories of today, having been early Bitcoin investors. Their initial bets, faith in this brand-new technology, and patience paid off when they became some of the first crypto millionaires. Today, the twins have a combined wealth of 6.4 billion USD.
According to sources, they purchased some of their bitcoins for as little as 10 USD each in 2013. The pair allegedly held 1% of all Bitcoin in circulation then. The first of several falls on the cryptocurrency rollercoaster occurred shortly after that revelation when the price of Bitcoin dropped from 180 to 80 USD weekly.
The duo created Gemini in 2014, a popular regulated cryptocurrency exchange. Since then, it has earned a reputation as one of the safest marketplaces for buying, selling, and storing cryptocurrencies. One of the first to receive a license from the New York State Department of Financial Services, the brothers have a stake in over 50 plus crypto companies and blockchain startups and are among the few to reveal their portfolio on their websites.
“We believe in investing in the next generation of builders and visionaries who are pushing the boundaries of what’s possible.”
~Cameron Winklevoss
The twins had once accused Mark Zuckerberg of stealing their idea of a Facebook-like social media app back in Harvard. They filed a lawsuit against him and won it. Although they could not make it in the social network field, the brothers did etch their names well in the crypto world as crypto millionaires!
Crypto Millionaires: Roger Ver
Popularly referred to as “Bitcoin’s Jesus,” Roger Ver has dedicated a major part of his life to crypto investments and blockchain technology, earning a place among the ranks of crypto millionaires today.
While still a college student, Roger Var started his career by founding a business that quickly became the market pioneer. He started Agilestar, which eventually led the market in optical transceivers and was used by more than 100 businesses globally.
When the cost of Bitcoin was still less than 1 USD in 2011, Roger began accepting it as a form of payment in his enterprises because he thought it was one of the most significant breakthroughs. Today, thousands of companies accept Bitcoins as a form of payment.
“Bitcoin is amazingly transformative because it’s the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.”
Many claim that one of Roger’s most creative decisions, aside from being an early Bitcoin investor, was investing in Bitcoin startups. Later on, he became an advocate of Bitcoin Cash. These companies and startups have secured millions of additional capital and a consumer base worldwide. In 2015, he started Bitcoin.com, a website that provides services related to Bitcoin and Bitcoin Cash. Today, the approximate worth of his 2011 holdings would be over 500 million USD.
Ver is also a great philanthropist and has donated twice, in 2013 and 2021, to Foundation for Economic Education, a libertarian think tank, showing his dedication to shaping the crypto future.
Unveiling Crypto Success Stories: Valuable Lessons from Crypto Millionaires
Source: Freepik| Lessons from crypto millionaires
Crypto success stories, portrayed by illustrious crypto millionaires, illuminate an array of valuable lessons within the ever-evolving financial landscape:
Innovation as a Cornerstone: These luminaries underscore the power of innovation by pioneering groundbreaking solutions that disrupt traditional financial paradigms. Their wonderful ability to envision novel approaches reshapes the industry, exemplifying the crypto investment essence.
Triumph Through Tenacity: Amidst the dynamic crypto market, marked by volatility and uncertainty, these crypto millionaires showcase unwavering tenacity. Confronting challenges head-on, navigating risks, and maintaining commitment amid crypto market fluctuations personify their crypto pattern of success and resilience.
Guided by Vision and Purpose: At the core of the journey of the crypto millionaires lies an unshakable commitment to a clear vision and passion for the crypto realm. This steadfast dedication propels them forward, enabling them to overcome obstacles and forge new paths within the crypto investment arena.
Embracing Adaptability: Thriving amidst crypto’s perpetual evolution, these crypto millionaires exhibit adaptability to shifting trends and emerging opportunities. Their adeptness in assimilating new information, pivoting strategies, and harnessing evolving dynamics mirrors their agility in the crypto market.
Elevating Impact: Numerous crypto millionaires prioritize positive societal impact beyond personal accumulation. Their philanthropic initiatives and efforts to leverage crypto for broader welfare spotlight a holistic approach that transcends financial bounds.
It was excruciating to cut down our list to top-5 crypto millionaires as there may be as many crypto success stories in trading as the number of bitcoins. Passion, persistence, and prudence drove these crypto traders to achieve their crypto dreams.
To create your own crypto success stories, visit us at Millionero! Our goal is to make crypto trading as easy as possible for you, even if you are a beginner, so we can write your name in history as one of Millionero’s very own crypto millionaires!