Top 10 Crypto Whales on Wall Street by DailyCoin

Top 10 Crypto Whales on Wall Street

There are a number of things that can affect the stability of the crypto market, including government regulations, demarketing, and scarcity. And there is another thing that can manipulate the value of cryptocurrencies as much as its adoption: Cryptocurrency Whales.

A cryptocurrency whale, popularly known as a “crypto whale,” is slang typically used to describe individuals or entities that hold significant amounts of cryptocurrency.

These people have enough crypto in their possession to cause wild swings in the crypto market while also setting the tone for market trends. In fact, this is exactly why the crypto community and investors are keeping a close eye on crypto whales as they can cloud the seas for everyone.

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That said, below are the top 10 crypto whales on Wall Street that you as an investor in the crypto market should keep an eye on.

10. Tim Draper: $1.2 Billion Net Worth

Tim Draper is a billionaire scion of Silicon Valley royalties and founder of the venture capital firm Draper Fisher Jurvetson. His grandfather, William Henry Draper Jr., was a pioneer in the venture capital industry in California.

Draper has made hundreds of venture capital investments in companies such as Tesla (NASDAQ and Theranos) and made a fortune investing in cryptocurrencies.

He is a leading spokesperson for blockchains, ICOs and cryptocurrencies. He won the US Marshall Bitcoin auction in 2014 and invested in more than 50 crypto companies. He has also led investment rounds in several crypto startups, including Coinbase (NASDAQ:), Ledger, Tezos and Bancor. According to Forbes, he currently has a net worth of $1.2 billion.

9. Matthew Roszak: $1.4 Billion Net Worth

Matthew Roszak, an entrepreneur with a Bachelor of Arts/Economics from Lake Forest College, previously worked as a venture capitalist and in private equity at Advent International before starting to build a cryptocurrency portfolio in 2012. Roszak is popular today as a brilliant cryptocurrency investor. and is the current chairman of the Bloq.

In 2015, he co-founded Bloq with Bitcoin developer Jeff Garzik, a blockchain technology startup that advises on projects such as helping banks store digital assets. More so, he recently led an initiative to give every member of Congress $50 worth of digital assets; while this was welcomed by some members of Congress, others opposed the move.

Additionally, Roszak is known for producing the first-ever cryptocurrency documentary, The Rise and Rise of Bitcoin, and has been recommended by TEDx, CNBC, Bloomberg, Financial Times and quoted by The Wall Street Journal, among others. At the time of writing, Roszak has a net worth of $1.4 billion, according to Forbes.

8. Michael Saylor: A Net Worth of $1.6 Billion

Michael Saylor is an American entrepreneur and businessman. In 1989, he co-founded MicroStrategy, a company that provides business intelligence, mobile software and cloud-based services. More than two decades later, Saylor still runs the company, which now boasts of being the largest Bitcoin custodian.

As you might expect, Saylor was the main driver of MicroStrategy’s investment in cryptocurrencies, initially injecting more than $200 million into Bitcoin as treasury reserve assets. As of May 2022, the company has spent approximately $3.965 billion buying Bitcoin at an average purchase price of approximately $30,700 per Bitcoin.

The 57-year-old American entrepreneur is also the author of the book The Mobile Wave: How Mobile Intelligence Will Change Everything in 2012. He is also the sole trustee of Saylor Academy and currently has a net worth of $1.6 billion. Forbes.

7. Jed McCaleb: Net Worth of $2.1 Billion

Jed McCaleb is the co-founder and lead architect of the Stellar Development Foundation, an open network connecting the global financial infrastructure.

Jed became an early pioneer of decentralized systems and blockchain technology with the founding of edonkey2000, which later paved the way for the creation of Mt. Gox, the first Bitcoin exchange. He is also co-founder of .

McCaleb’s 3.4 billion XRP, left over from the $9 billion he got as the founder of Ripple, makes up the bulk of his wealth. He is currently worth $2.1 billion, according to Forbes.

6. Brian Armstrong: Net Worth of $2.4 Billion

Brian Armstrong is the CEO and co-founder of the world’s leading digital currency exchange, Coinbase, with over 40 million users worldwide. Coinbase generated more than $1 billion in revenue in 2020, up 136% from 2019.

The 39-year-old American businessman co-founded Coinbase in June 2012, and was later listed as a Fortune 40 under 40 and Recode 100 in 2017.

Before founding Coinbase, Brian worked as a software engineer at Airbnb in the hospitality industry from 2011-2012, with an emphasis on fraud prevention. Before joining Airbnb, he worked as a developer for IBM (NYSE and consultant at Deloitte.

He currently holds three degrees from Rice University: a bachelor’s degree in computer science, a bachelor’s degree in economics and a master’s degree in computer science, and has a net worth of $2.4 billion, according to Forbes.

5. Chris Larsen: Net Worth of $3 Billion

Chri Larsen is an American investor and former CEO of Ripple, who is known for co-founding several Ѕісоn Vаllеy startups, most of which are highly successful.

In 2012, he co-founded Ripple to facilitate international payments for banks using blockchain technology. Ripple relies on a common shared ledger, which is a distributed database that stores information about all Ripple accounts. Ledger uses its own cryptocurrency, XRP.

Larsen owns 17% of the company that created Ripple, which on the other hand controls 61% of the global supply of XRP coins. He also has an additional 5.19 billion XRP as a personal stake and currently has a net worth of $3 billion, according to Forbes.

4. Barry Silbert: $3.2 Billion Net Worth

Barry Silbert is the founder and CEO of venture capital firm Digital Currency Group (DCG), which describes itself as “the epicenter of the bitcoin and blockchain industry”.

The company has invested in numerous crypto and blockchain projects with more than 50 investments in 15 countries. Notable projects that have received funding from the company include Brave Software, Coinbase, Ledger, Ripple, Zcash, and many more. It’s fair to say that Silbert has an eye for winning projects

In 2014, Silbert founded SecondMarket, which was later named a technology pioneer by the World Economic Forum at its 2010 convention in Davos. The 43-year-old self-made billionaire eventually sold SecondMarket in 2015 to NASDAQ, which still operates the company as a NASDAQ Private Market.

At the time of writing, Silbert has a net worth of $3.2 billion, according to Forbes.

3. The Winklevoss Twins: Net Worth of $3.2 Billion (Each)

Tyler Winklevoss and Cameron Winklevoss, commonly referred to as the “Winklevoss Twins,” are former Olympic rowers, entrepreneurs and cryptocurrency billionaires. They are co-founders of cryptocurrency exchange Gemini with Tyler as CEO and Cameron as chairman.

Before founding Gemini, the Winklevoss twins made headlines after winning a $65 million settlement for their 2004 lawsuit against Facebook (NASDAQ:), alleging that Facebook had cheated their idea. The twins then invested in Bitcoin and later founded the cryptocurrency exchange Gemini.

The duo have since founded investment firm Winklevoss Capital, which partners with start-ups to provide investments with a full-service approach to drive growth.

At the time of writing, their wealth has changed a lot with the rise and fall of crypto. The twins still own about 70,000 Bitcoin, among other digital assets. So far, they have a combined net worth of $6.4 billion, split evenly according to Forbes.

2. Changpeng Zhao: Net Worth of $17.4 Billion

Changpeng Zhao’s interest in cryptocurrencies started way back in 2014 when he played a game of poker with his friend. Since then, he has become one of the biggest powerhouses in the crypto world and stands strong as the founder of the world’s largest crypto exchange, Binance.

While commendable, CZ as it is popularly known has proven to be a point of reference for many since the company was born in 2017. Zhao has notably managed to transform the company into the largest and one of the most valuable exchange platforms. † for crypto trading in a matter of months.

Binance turned Zhao into a billionaire in just 180 days. And at the time of writing, CZ has a net worth of $17.4 billion, according to Forbes.

1. Sam Bankman-Fried: A Net Worth of $20.1 Billion

Young, innovative and brilliant, Sam Bankman-Fried is an American entrepreneur, billionaire and investor. He is the founder of FTX, one of the largest and fastest growing digital asset exchanges in the world, which calls itself “built by traders, for traders”.

In particular, FTX offers innovative products including derivatives, options, volatility products and leveraged tokens. Prior to founding FTX, Bankman-Fried traded international ETFs with Jane Street Capital, a proprietary trading firm, then immediately founded Alameda Research, a quantitative trading firm.

FTX was valued at $18 billion in 2021, making Sam one of the richest people under 30 in history. However, Sam says he plans to give away much of his fortune. According to Forbes, he currently has a net worth of $20.1 billion.

Final Thoughts

So, these are the best placed cryptocurrency whales that could inflate and inflate the market. It is also important to keep in mind that about 40% of the Bitcoins in circulation are owned by just a thousand of these whales, meaning they own huge amounts of it.

If you’re wondering if a crypto whale can be dangerous, a lot depends on what it does with its money. For example, if a whale chooses to manipulate the market solely to its own advantage, that can be a major dilemma, but it can also be beneficial depending on the path it chooses.

Ultimately, the decision to trade is up to you and your risk appetite, your expertise in that market and the allocation of your investment portfolio.

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