According to a research report on the countries with the highest number of crypto billionaires, the United States emerged as the leader, securing the top spot. China and South Korea closely followed, taking the second and third positions respectively.
According to a research that ranked the countries where crypto billionaires resided, the United States took the top spot, followed by China and South Korea.
United States leading the current list of cryptocurrency millionaires, followed by China and South Korea
Based on various cryptocurrency news outlets, market analysis, and Forbes, Wegamble’s article rated the current cryptocurrency billionaires, their net worth, and where they live.
Due to the volatility of cryptocurrencies, which can cause these people’s net worth to alter considerably and quickly, this list is, of course, subject to change.
Nevertheless, the survey notes that the United States, followed by China and South Korea, is the country that attracts the most crypto billionaires.
Indeed, there are up to 9 crypto-billionaires in the US, with a combined net worth of $28.6 billion.
Speaking of which, a number of well-known crypto-billionaires have their headquarters in the US, including Chris Larsen, Cameron and Tyler Winklevoss, Michael Novogratz, Brian Armstrong, and Barry Silbert.
The next country is China, which has a net worth of $12.3 billion and up to 2 crypto-billionaires as residents.
One of China’s top cryptocurrency billionaires and co-founder of Bitmain, a major producer of Bitcoin mining equipment, is Jihan Wu.
Additionally, the well-known Changpeng Zhao (CZ), creator of the most well-known cryptocurrency exchange Binance, is ranked among the richest people in China with a net worth of $10.5 billion.
In a tie for housing a crypto-billionaire in their respective nations, South Korea, Canada, and St. Kitts and Nevis are represented on the podium.
What are the current crypto millionaires’ net worths?
The survey also lists other crypto-billionaires according to their net worth, similar to CZ in China.
Chris Larsen, a US citizen, is found to have a net worth of $2.6 billion, followed by the Winklevoss twins, owners of the cryptocurrency exchange Gemini, who have a $3 billion fortune.
Investors Tim Draper, who has a net worth of $1.2 billion, and Michael Novogratz, who has a net worth of $2.6 billion, are both based in the US.
Anthony Di Iorio, who is recognized as the co-founder of Ethereum and the first investor in Bitcoin and has a net worth of $1 billion, is a citizen of Canada. Song Chi-Hyung, the founder of Dunamu, which operates the cryptocurrency exchange Upbit, stands out in South Korea with his $950 million instead.
United States: The SEC has indicted Armstrong and Garlinghouse
Brian Armstrong, the CEO of Coinbase, who has a net worth of $2.4 billion, and Brad Garlinghouse, the CEO of Ripple, who has a staggering $10 billion, are also included on this exclusive list of crypto-billionaires.
When contemplating the cathartic moment being felt in their own nation, the United States, in relation to the accusations made by the Securities and Exchange Commission (SEC) against the cryptocurrency business, these individuals deserve a separate mention.
Indeed, the Securities Act has been violated by both Ripple and Coinbase, owned by Garlinghouse and Armstrong, respectively.
The case against Ripple centers on “the definition of XRP.” The regulator sued the cryptocurrency’s creator business as early as 2020, but three years later, it is still awaiting a decision on whether or not to declare XRP to be a security.
Regarding Coinbase, the recent subpoena relates to its “staking-as-a-service” that includes various cryptocurrencies as Solana, Cardano, and Polygon, which are currently regarded as securities by the SEC.
