CRYPTOCURRENCY ARTICLES WORTH INVESTIGATING
Unlike the Oracle of Omaha, though, young investors think cryptocurrencies are their ticket to riches.
Nearly two-thirds of Gen Z think they’ll become crypto millionaires. (These are kids between 10 – 25 years old)
The Ledger, Fortune’s weekly newsletter
https://fortune.com/2021/11/18/gen-z-adults-us-millionaires-crypto-investing
Gaming. Paid to Play Games.
Metaverse.
HOW TO BECOME A METAVERSE MILLIONAIRE
The Big Take
From Bloomburg Business Week.
A Wild, Emotional Year Has Changed Investing—Maybe Forever
Everyone seemed to become a trader, taking chances on outlandish ideas as excitement and fascination mixed with fear and greed.
By
December 16, 2021, 12:01 AM EST
There was a huge merger in 2021: the combination of popular culture and modern finance. Tom Brady and Matt Damon were suddenly shilling for cryptocurrency exchanges. Digital tokens that started off as elaborate pranks represented tens of billions of dollars of paper wealth. And cartoon pictures of apes
were selling for millions of dollars on something called the nonfungible token market, which almost no one had heard of in the long-ago days of 2020.
It is still early, put it appears that investing in cryptocurrency is about to change the world as we have know it.
https://www.bloomberg.com/news/features/2021-12-16/how-crypto-nft-s-meme-stocks-took-markets-on-a-wild-ride-in-2021
There may now be as many as 100,000 bitcoin millionaires
There are now as many as 100,000 people who have $1 million or more stashed in bitcoin, according to the cryptocurrency data-tracking firm bitinfocharts. That’s up from just 25,000 bitcoin millionaires three months ago. A year ago, there were about 15,000 millionaire bitcoin accounts.
The biggest reason has to do with the highly volatile price of bitcoin, which has soared recently, in part because Tesla, Elon Musk’s car company, last month said it had bought $1.5 billion in bitcoin. The move suggests that other companies might also decide to move more of their idle cash into bitcoin.
February 23, 2021
CBS NEWS https://www.cbsnews.com/news/bitcoin-millionaires-100k/
Millennial millionaires have a large share of their wealth in crypto, CNBC survey says
- Nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies, according to the CNBC Millionaire Survey.
- The results highlight a new generational divide in wealth creation from crypto, with younger investors able to earn vast fortunes from the surge in the prices of bitcoin, ether and other digital currencies. POINT – Age has nothing to do with it.
- The importance of crypto to young millionaires could shift the wealth management industry, as private banks, brokers and wealth management firms scramble to cater to a new, crypto-heavy clientele.
Nearly half of millennial millionaires surveyed own NFTs, and 40% say they don’t currently own an NFT but have “considered” it. That compares with 98% of baby boomer millionaires who say they don’t own any NFTs and aren’t considering it. POINT – But we could
https://www.cnbc.com/2021/06/10/millennial-millionaires-have-large-share-of-wealth-in-crypto-cnbc-survey-.html
November 21 Motley Fool
Apple CEO Tim Cook Owns Cryptocurrency — So Do 68% of American Millionaires
High-net-worth Americans aren’t the only group that sees cryptocurrency as a mainstay-almost half of Gen Z and Millennial investors own cryptocurrency. And over 20% of Americans are likely to buy cryptocurrency in the next year.
From NY Times Article.
They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
The investors profiting from obscure coins come from a variety of backgrounds. There are industry aficionados who had already made money on Bitcoin and Ether, and newcomers who have notched impressive gains practically overnight.
In interviews, members of this new class of crypto millionaires most said they were still figuring out what to do with their growing wealth. Some have made splashy purchases, renting fancy apartments or partying in foreign countries. Others have relocated to tax havens like Puerto Rico or quit their day jobs as they plowed even more money into an ever-expanding set of tokens.
FORBES ARTICLE:
The Cryptocurrency Tycoons On Forbes’ 2021 Billionaires List
There are a record-smashing 2,755 billionaires in the world, according to Forbes’ 2021 World’s Billionaires list. How did they make their mega-fortunes? By doing everything from starting hedge funds and tech companies to breeding pigs and brewing kombucha.
But certain industries offer a more common route to riches than others. The most likely way to make a billion-dollar fortune: go into cryptocurrency finance and investments. That sector has minted the most billionaires in the world, with 371 people, or about 13% of the entire list
https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=12eeb01925e2
