Key Takeaways
- Cryptocurrencies used to be laughed at, but some smart people invested early and got very rich.
- Many young millionaires and billionaires have become rich through crypto, showing that a younger generation leads the future of finance.
- Cryptocurrencies are becoming more valuable and changing how we see money. Many people are investing in them, and their prices are rising.
Many years ago, business leaders and financial experts often laughed at cryptocurrencies. However, a few smart people saw their potential and invested early, making them very wealthy.
2017 was a big year for crypto. Bitcoin’s price went way up, reaching almost $20,000. This made many people interested in other cryptocurrencies and new blockchain projects. Today, cryptocurrency is a big part of the global economy and will be more valuable in the future.
Here’s a list of some of the famous crypto billionaires under 40:
Ben Francis
Ben Francis, the founder of Gymshark, is one of the UK’s youngest billionaires, mostly because of his achievements in the sportswear industry.
He started Gymshark 2012 from his parent’s home with a sewing machine and a website. Since then, he’s turned it into a global brand by working with fitness influencers and creating high-quality, stylish activewear.
Though his success mainly comes from sportswear, Francis, like many well-known entrepreneurs, has shown interest in new technologies like blockchain and cryptocurrency. His openness to innovation has helped Gymshark grow.
Brendan Blumer
Brendan started his career by selling virtual items in the online game World of Warcraft. He was so successful that his company, Gamecliff, was bought by another company called IGE. Later, he founded a company that sold virtual avatars in online games. This business made over a million dollars a month!
Now, at the age of 38. Brendan is the CEO of Block One (a blockchain software company) and is worth over $750 million from his work in cryptocurrency.
Palmer Luckey
Palmer Luckey, the founder of Oculus VR, made most of his money through virtual reality. He sold Oculus to Facebook (now Meta) 2014 for around $2 billion. After that, he focused on defense technology and started Anduril Industries in 2017, a company that works on AI, robotics, and defense tools.
In 2018, he got attention for supporting a company called Libra, a blockchain project related to cryptocurrency. Luckey has also shown interest in digital currencies and blockchain technology.
Ryan Breslow
A billionaire entrepreneur, Ryan Breslow, co-founded the payment company Bolt in 2014 to improve online shopping. Bolt’s big idea was to make it easy to buy things with just one click on many different websites, competing with companies like PayPal and Stripe.
This success made Breslow famous in the fintech world. Besides his work with Bolt, Breslow has gained attention for his strong opinions on cryptocurrency. In 2021, he made news by sharing that he had invested a lot in Bitcoin, Ethereum, and other digital coins, making him influential in the crypto industry.
Nikil Viswanathan
Nikil Viswanathan is an American entrepreneur. He started a company called Alchemy, which uses blockchain technology. Big companies like Stanford University and Google support Alchemy.
Before that, Viswanathan made a popular app called Down To Lunch. It helped people connect with friends on their iPhones. He also made a website that automatically checked people into Southwest Airlines flights.
Viswanathan and his friend Joseph Lau created Down To Lunch because they missed their friends after moving to San Francisco. They wanted an easy way to plan hangouts, so they made a simple app to invite people. At the age of 37, he has a net worth of $1.5 billion.
Final Thoughts
Cryptocurrencies used to be laughed at, but now they’re becoming more valuable. Many young people are investing in them because they see the potential to change how we use money. Some young people have even become very rich from crypto. Ben Francis, Brendan Blumer, and Ryan Breslow are just a few examples. While cryptocurrencies have a bright future, it’s important to be careful. The market can change quickly, so it’s still best to research before investing.
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