Asides from these individual billionaires, the cryptocurrency market has seen an influx of institutional investors who are looking to grow their wealth in the cryptocurrency market as a hedge against the global inflation crisis. Companies such as MicroStrategy, Square and Tesla are putting Bitcoin on their balance sheets at an accelerating rate and with on-chain analytics data suggesting a net accumulation for Bitcoin, it can be inferred that more institutions are investing in the space.
With the way cryptocurrencies are going mainstream, many Central Banks around the world have been prompted to consider offering a digital version of their currency in other to keep up with the ever-evolving digital world. They are well known as Central Bank Digital Currencies (CBDC). Nigeria plans to run a pilot program of its CBDC on Independence Day, the 1st of October 2021.
Although these cryptocurrency billionaires did not make Forbes’ top 100 list, the growth of cryptocurrencies and blockchain technology has certainly assisted with their net worth exploding over the past year.
Here are the top 3 cryptocurrency billionaires.
Chris Larsen – $3.4 billion
Chris Larsen is a co-founder and chairman of Ripple, created in 2012 to facilitate international payments for banks using blockchain technology. Ripple’s native token XRP is the 6th most valuable cryptocurrency with a market capitalization of $51.3 billion.
Larsen was born 1960 in San Francisco, California. He attended San Francisco State University, where he earned a degree in International Business and Accounting in 1984. He began working for Chevron after college, doing financial audits in Brazil, Ecuador, and Indonesia. He graduated with an M.B.A. from the Stanford Graduate School of B