The Masters Of The Cryptoverse
- By : Karan Balwani
- Category : ICO
- Tags: anthony di lorio, balery vavilov, brad garlinghouse, brendan blumer, brian armstrong, brock pierce, cameron winklevoss, changpeng zhao, charles hoskinson, chris larsen, cryptoverse, dan larimer, ICO, Investors, joseph lubin, matthew mellon, matthew roszak, michael novogratz, tyler winklevoss, vitalik buterin
Ever since Satoshi Nakamoto published the legendary whitepaper that introduced Bitcoin to the world back in 2009, it has been the main discussion point for financial outlets across the globe.
Who would have thought that what seemed to be an unrealistic concept on the surface would revolutionize the way we conduct financial transactions.
There are hardly any banks, news outlets or financial institutions that haven’t commented or considered adopting this technology and its potential. There is no denying that the price volatility and extreme unpredictability of these virtual currencies make them an extremely risky predicament. However, this has not stopped cryptocurrencies for being a trending phenomenon for a major part of the last decade.
Cryptocurrencies gained a lot of mainstream attention during the closing months of 2017 as Bitcoin’s value exploded to $20,000 a piece. People began selling their most prized assets and even homes to buy Bitcoins in order to get rich quickly. However, as with any investment, great fortune was never guaranteed. Bitcoin’s price saw a steep crash as 2018 began and since then the digital currency’s value has fallen more than two-thirds after a short bullish run.
Users and investors have the option to choose from dozens of cryptocurrencies that have flooded the marketplace. The world is also seeing an exponential increase in the number of cryptocurrency exchanges, ATMs and government regulations related to virtual currencies.
People are turning to Bitcoin for making their purchases instead of credit cards. The biggest feature of virtual currencies is the promised anonymity, which is both a good and a bad thing. While people use it to hide their transactions from the public, it has also given way for politicians, gamblers, and even terrorists to fund illicit activities across the globe.
In this article, we share a list of 16 investors that capitalized on the potential of cryptocurrencies. While some of them took calculated risks by carrying out through research, others were simply in the right place at the right time. You can check out the infographics provided below to learn more about the masters of the crypto verse.