ᴛʀᴀᴄᴇʀ
ᴛʀᴀᴄᴇʀ

@DeFiTracer

22 Tweets 3 reads Jul 09, 2024
This is 5 richest people in crypto
Their total net worth exceeds $100B
I found one trick they all used on the way...
here's their stories and secret you won't belive 🧵👇
But before I start...
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✜ Market has produced quite a few crypto billionaires.
✜ All these people managed to earn their fortunes by working hard, starting with absolutely nothing in their pockets.
✜ People of this level clearly know and understand the market better than we do, and their opinions are definitely worth listening to.
✜ In today's thread, I have gathered the 5 most influential people in the crypto industry and their opinions on the market:
- Vitalik Buterin
- Andrew Kang
- Brian Armstrong
- CZ
- Sam Bankman-Fried (SBF)
✜ Each of these individuals has an interesting path to their first billions and unique opinions on the market:
- Vitalik Buterin
✜ Vitalik is the most recognizable figure in the crypto industry and the founder of Ethereum, with a net worth exceeding $1.2 billion.
✜ He started his journey by writing articles about cryptocurrency in 2011, earning the equivalent of $1.5 per hour in Bitcoin.
✜ In 2012, Vitalik was hired by Ripple, but due to visa issues, he couldn't start working there — perhaps a sign from the universe.
✜ Vitalik attempted to create complex smart contracts but failed, leading him to drop out of university and focus on creating Ethereum.
✜ This is how Vitalik paved his way to a better life and became the youngest crypto billionaire.
✜ In one interview, Vitalik shared his mindset regarding happiness.
✜ He was also asked if money can buy happiness.
✜ You can listen to Vitalik's answer in the interview below.
- Andrew Kang
✜ A highly influential and popular figure in the industry, Andrew Kang is the co-founder of @MechanismCap.
✜ Little is known about his journey, but this does not diminish his value in the market.
✜ He often and confidently comments on market prices, and his predictions frequently come true.
✜ His main message is that the $ETH ETF is highly overvalued, and after its approval, it is likely that we will drop to $2,400.
✜ According to him, $ETH currently attracts much less attention from institutions.
✜ He wrote an entire article with his analysis, which you can read below.
✜ Regarding the current correction, he advises against buying too early, as a 10% correction does not create significant selling pressure.
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- Brian Armstrong
✜ Known as the "White Knight," Brian Armstrong is the CEO of Coinbase, one of the largest and most popular crypto exchanges in the world.
✜ His first ventures began in university, but not towards cryptocurrencies— they founded the UniversityTutor service in 2003.
✜ In 2011, they decided to shut down the project, and Brian got a job as a programmer at @Airbnb
✜ During this period, Brian came across an article about cryptocurrency, which piqued his interest, leading to the creation of the massive project @coinbase, which brought him billions.
✜ Brian has extensive experience in the crypto industry, and his words are valuable to everyone.
✜ In one interview, he shared advice for all people.
✜ You can listen to his detailed opinion in the video below.
- CZ
✜ The richest person in the industry — that's how the former CEO of @binance, CZ, can be described.
✜ His teenage years were tough, and he had to work at McDonald's and a gas station to make ends meet.
✜ After university, he always dreamed of visiting New York, and that's where he got a job at the NYSE.
✜ In 2001, he received his first serious project, where he was tasked with creating a special system for placing trading orders on the exchange.
✜ After a series of events in 2017, he decided to create his own exchange, investing $10,000.
✜ A few days before the launch, the exchange raised $15,000,000, marking the beginning of a great project.
✜ Currently, CZ has been sentenced to four months in prison for several illegal activities on the exchange.
✜ CZ rarely gives advice to ordinary users in his interviews.
✜ But in one interview, he shared three pieces of advice that will help you in your work.
- Sam Bankman-Fried (SBF)
✜ The second richest person in the industry, once the former CEO of the scam exchange @FTX_Official and the founder of @AlamedaResearch (most of his capital was confiscated).
✜ His total net worth was estimated at $5-10 billion, which he successfully lost.
✜ After graduating in 2017, he founded @AlamedaResearch.
✜ Alameda started as a project providing liquidity, later adding a fund segment.
✜ Later, he founded his exchange @FTX_Official, which became one of the best in the world.
✜ Currently, SBF is under arrest and in prison for illegal activities with investors' money.
✜ According to recent reports, Sam is doing quite well in prison and even has access to a laptop.
✜ He teaches prison guards about cryptocurrency and shares all his knowledge.
✜ It is unclear if this is why he gets such luxurious conditions.
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