Cameron and Tyler Winklevoss, the twin brothers, famously known for suing Mark Zuckerberg claiming to stole their idea for Facebook, made history in early December by becoming the first widely accepted Bitcoin billionaires.


In brief:

According to reports, there could be no more than 200 Bitcoin billionaires, and no less than 35.

In the past three months, the price of Bitcoin reached an all-time high, breaking all the records and creating new Bitcoin billionaires. Bitcoin is known for its anonymity as well as transparency, as such while looking at the easily accessible information on the top wallets out there; one may find some interesting reading.

Cameron and Tyler Winklevoss, the twin brothers, famously known for suing Mark Zuckerberg claiming to stole their idea for Facebook, made history in early December by becoming the first widely accepted Bitcoin billionaires. At the time of writing, the twins held 91,666 which equated to $1.063 bln. However, the twins are not the only bitcoin billionaires as it is supposed that there could be more hidden Bitcoin Billionaires out there.

It would have been much easier to figure out these billionaires if it was compulsory for users to hold all funds in one wallet. But due to Bitcoin’s anonymity as well as for the sake of secure coin storage, it is difficult to make such estimations. This is because users, especially those with huge funds split the wealth over a number of wallets and other storage methods.

Most people distribute addresses into many wallets so as to conceal their total holdings. A representative for BitInfoCharts (a site that tracks Bitcoin data), who wished to remain anonymous because of security concerns, told MSN in an email that, given Bitcoin’s present overall market capitalization and that most people hold Bitcoin at multiple addresses—there could be possibly maximum 200 Bitcoin billionaires, and no less than 35. Further, the representative told that most likely these addresses are owned by exchanges or hedge funds.

According to BitInfoCharts’ data, there are more than 100 addresses with at least $100,000,000 in Bitcoin. Many people have become millionaires with the growth of Bitcoin and more are taking the step up to billionaires. These billionaires have an obvious reason to remain secret and hidden and that is to steer clear of the tax and regulatory implications.

Among many of these hidden and secretive billionaires who have made a huge profit from some early investment or smart trading perhaps, the title for first Bitcoin Billionaire goes to the king of secrecy and anonymity that is, Bitcoin’s creator Satoshi Nakamoto. It is believed that he is sitting on one million Bitcoins. There is speculation over the fortune of Nakamoto who has remained hidden and out of all Bitcoin activity.


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