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Who are the 7 crypto millionaires on the Forbes list

The only one of these millionaires already listed on the Forbes 400 is Chris Larsen, co-founder and president of Ripple, a San Francisco-based company that facilitates international financial transactions with blockchain technology. His net worth grew $ 3.3 billion in the last year to rank in the u $ s6,000 million.

In parallel, these are the new millionaires from the world of cryptocurrencies:

Sam Bankman-Fried

Sam Bankman-Fried has a heritage of u $ s22,500 million, which arises mainly from equity and FTX tokens (FTT). In two years he managed to build one of the largest platforms in the industry.

His fortune nearly doubled from the $ 900 million that FTX raised through the largest venture capital round in cryptocurrency history.

Brian Armstrong

It also appeared on the Forbes list Brian Armstrong, CEO and co-founder of Coinbase, who increased his equity to u $ s11,500 million after an auspicious debut on the public markets in April with the largest direct listing in history ($ 86 billion).

Cameron Winklevoss y Tyler Winklevoss

Cameron y Tyler Winklevoss, owners of the Gemini, exhibit a net worth of u $ s4.300 million each. His appearance in FORBES 2021 World’s Billionaires magazine sold as a non-fungible token for $ 333,333 at auction on his Nifty Gateway digital art platform.

Fred ehrsam

Fred ehrsam, another Coinbase co-founder, is also among the wealthiest Americans, with net worth reaching $ 3.5 billion.

Ehrsam left the company in 2017 but remains a member of the board, as well as leading crypto-focused investment firm Paradigm.

Jed McCaleb

Finally appears Jed McCaleb, co-founder of Ripple with Chris Larsen. His stake in XRP as a co-founder of the company brought him most of his wealth, amounting to u $ s3,000 million.

Bitcoin ETF debuts on Wall Street

The United States Securities and Exchange Commission (SEC) recently gave the go-ahead for the launch of a listed fund (ETF) on the ProShares Bitcoin Strategy New York Stock Exchange, which sent the price of BTC to near its all-time high.

The main cryptocurrency in the world has been registering an accumulated rise of close to 40% in recent weeks, driven by the expectation of entering Wall Street.

ETFs are an instrument that combines characteristics of conventional investment funds and stocks since they can be traded on the secondary market but have the typical diversification of an investment fund.

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