In 2020, there are now more billionaires in the world than there are Black Rhinos in the wild. Several of them have either opened their wallets and invested in Bitcoin or been gifted it (the billionaires, not the rhinos). But who makes the cut?
Estimated net worth: $40 Billion
Bitcoin holdings: 0.25 BTC ($2,400)
Elon Musk, the billionaire tech mogul and self-confessed ex-CEO of Dogecoin, has his fingers in numerous pies. However, his Bitcoin holdings amount to little more than a slice.
Musk unveiled his bit of Bitcoin back in 2019, after declaring the pioneering crypto “brilliant,” adding that it is better than paper money as a medium of exchange. According to the tech entrepreneur, his Bitcoin was gifted to him by an undisclosed friend.
However, despite a seeming affinity toward Bitcoin—and a litany of crypto-centric musings—Musk has failed to accrue more. As reported by Decrypt, Musk recently reiterated his Bitcoin holdings to author JK Rowling, noting that he hadn’t accumulated any more.
Estimated net worth: $4.3 Billion
Bitcoin holdings: $130 worth
Investor, Dallas Mavericks owner and crypto-cynic Mark Cuban is, strangely enough, a new addition to the world of Bitcoin billionaires. The man who famously noted that he’d rather “have bananas than Bitcoin,” recently revealed that he owns around $130, in the cryptocurrency.
The entrepreneur came into Bitcoin due to a partnership between the Dallas Mavericks and Bitcoin processor, Bitpay.
“Now we’re taking Bitcoin—please, go buy everything in Bitcoin. said Cuban, speaking on the Pomp Podcast. “I’m fine with that, right? I think we’ve brought in $130. That’s all the Bitcoin I own right now.”
Paul Tudor Jones
Estimated net worth: $5.1 Billion
Bitcoin holdings: 1-2% of his portfolio (almost 2 BTC, worth under $19,350)
Wall street luminary turned Bitcoin advocate Paul Tudor Jones counts the few Bitcoin newcomers on this list. In May, during an interview with CNBC, Jones remarked that he holds “one percent” of his total assets in Bitcoin.
However, Jones went a step further with his newfound appreciation. Within a letter to shareholders, he argues that Bitcoin is a hedge against coronavirus-led inflation.
“I am not a hard-money nor a crypto nut,” he wrote, “At the end of the day, the best profit-maximizing strategy is to own the fastest horse… If I am forced to forecast, my bet is it will be Bitcoin.”
Estimated net worth: $1.3 Billion
Bitcoin holdings: Unknown
It’s perhaps not all too surprising that Armstong makes this list. As the founder of Coinbase—unlike previous entrants—he was exposed to Bitcoin earlier than most. Armstrong founded Coinbase In 2012; at the time, Bitcoin was a mere $10.
The exchange boss remains reticent about his holdings,…