Chinese entrepreneurs with holdings or startups in the virtual currency space are among the wealthiest citizens in the country. According to a recent report from the Hurun Research Institute, several crypto figures were able to enter the list. This is the 20th time that the Institute ranked the wealthiest individuals in the country.
Crypto Entrepreneurs Among the Wealthiest Citizens
The Hurun Research Institute has released the new list of the wealthiest citizens in China. As the report explains, for the first time individuals from the blockchain industry made the list. Among these individuals, we find Zhan Ketuan and Wu Jihan, both part of the crypto mining company Bitmain.
Bitmain is one of the most important companies in the crypto world. It produces cryptocurrency mining hardware to mine virtual currencies. At the same time, it runs different mining pools.
Micree Zhan Ketuan has an estimated wealth of $2.4 billion dollars being in the top 100. Wu Jihan sits at number 204 with an estimated wealth of $2.3 billion dollars.
Furthermore, Zhao Changpeng has an estimated worth $2.2 billion dollars. He is the founder of the popular virtual currency exchange Binance. Binance offers several virtual currencies on its platform and is the largest exchange by trading volume according to CoinMarketCap.
Other important cryptocurrency-related figures are present on the list. The report includes Huobi founder, Li Lin, and Ebang International Holdings founder, Zhang Nangeng.
Due to the fact that the industry is growing very fast, these figures could be part of this new list. As per the institute, market scalability and a strong investor ecosystem have also helped to create new businesses.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report said about it:
“The scalability of the market coupled with a strong investor ecosystem is creating big new businesses fast.”
Blockchain technology and virtual currencies have expanded all over the world. With last years’ market growth, several individuals became rich and were able to increase their savings. Although this year was not good for virtual currencies in terms of crypto prices, there is room for more growth in the industry.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.
