Forbes Releases the First-Ever List of World’s
19 Richest People in Cryptocurrency
Representing people from a diverse range of ages, skill sets, career profiles and countries of origin, the list includes 19 people who seem to have little else in common besides the fact that they trusted their instincts to get in on virtual currency (most in the earlier stages). Forbes did confirm that a combination of post-tax profits and combined holdings (both confirmed and estimated) were used to compile the list, reflecting data gathered on January 19, 2018.
The youngest addition to the list is 24-year-old Russian-Canadian Vitalik Buterin, co-founder Ethereum, which ranks behind Bitcoin as the world’s most valuable digital currency network. He took to Twitter recently to succinctly share his philosophy on investing:
My economic model-in-one-tweet for crypto as a digital asset:
* Consider a security company that stores gold in vault, charges 0.2% / year; market cap = NPV of expected future profit
* Now, imagine the asset the company secures is *the company’s own shares*
Introducing @Forbes‘ first-ever ranking of crypto-billionaires…Here’s why we did it: https://www.forbes.com/sites/randalllane/2018/02/07/cryptocurrency-crypto-ethereum-joe-lubin-richest-people/#68610dd5103f …
Why Forbes Created Its First-Ever List Of Cryptocurrency’s Richest People
Our debut package fulfills a familiar Forbes mission: shine light on the invisible wealth.
It will take some of these public relations (PR) leveraging for governments to soften the regulatory leash on cryptocurrency. This is the type of media support that is much needed, contrasting with the hyped-up images of wide-eyed speculators risking their livelihoods to go all in on investments (images of the frenzied California gold rush come to mind somehow). Moreover, as the tradition is for Forbes to compile an annual list of the 400 Richest People in America, we should expect another list of this kind next year as well.
Let’s hope that the tide continues to turn in cryptocurrency’s favor.
Please read the Forbes for compleat details,
SOurce Interesting Engineering