Most of us are trying to be smarter in questions of investments. We are looking for example models or advice to understand, how it will be better to make investment decisions and what projects really worth our attention. Today let's talk about the greatest known bitcoin and blockchain assets' investors.
Barry Silbert is the founder and CEO of the Digital Currency Group. The company seeks to accelerate the development of the global financial system by creating and supporting Bitcoin and blockchain companies. Digital Currency Group has invested in over 125 blockchain-related projects. In 2016, Silbert acquired news company CoinDesk, which not only covers the most significant events in the industry on its website but also hosts industry conferences.
The company's investment portfolio includes Genesis, a liquidity provider for crypto buyers and sellers in the OTC market. The Digital Currency Group also owns Grayscale Investments, which operates the Bitcoin Investment Trust (GBTC), an investment vehicle that gives investors the ability to be aware of asset price movements.
Dan Morehead is the founder, CEO, and co-investment director of Pantera Capital. The company is the first investment firm to focus on bitcoin and one of the largest institutional holders of cryptocurrency. Pantera launched the first cryptocurrency fund in the US with bitcoins selling for $ 65 a piece.
Pantera has made 38 portfolio investments. Notable ones include European exchange Bitstamp, open-source web browser and advertising ecosystem Brave, decentralized coin exchange Shapeshift, and venture capital fund Polychain Capital. These are assets worth $ 200 million. In December 2017, at the height of the cryptocurrency boom, it was reported that the Bitcoin fund Pantera Capital brought investors 24,000% of the profit.
Cameron and Tyler Winklevoss are investors in several crypto and blockchain-related businesses, most notably the Gemini exchange. It is believed that they were the first to achieve billionaire status by investing in bitcoins. The Winklevoss twins are reported to have around 100,000 coins worth $ 950 million (as of June 2020).
In 2015, the Winklevoss twins launched the Gemini exchange. The company allows investors to buy, sell and store digital assets. In December 2017, Gemini launched bitcoin futures on the Chicago Board Options Exchange (CBOE). In July 2018, the Securities and Exchange Commission (SEC) rejected Gemini's application to create a Bitcoin ETF. Apart from bitcoins, the brothers have invested heavily in Ethereum, although they do not disclose the exact details of their assets.
Michael Novogratz, a former hedge fund manager at Fortress Investment Group and a partner at Goldman Sachs, frequently comments on Bitcoin price behavior. He is the Founder, CEO, and Chairman of Galaxy Digital Holdings, an investment fund that trades, manages, and advises blockchain-related assets.
In September 2017, when the cryptocurrency market was bullish, Novogratz calculated that around 20% of its net worth consisted of digital assets. He revealed that he invested $ 250 million in bitcoins and Ethereum and with the proceeds bought a private jet.
In 2018, Novogratz founded Galaxy with $ 302 million in digital and other assets. The rest of the investors contributed C $ 302 million. Galaxy reported $ 365.2 million in assets in March 2020, up from $ 402.8 million at the end of 2019. Galaxy held 13,338 bitcoins worth $ 122.5 million.
In November 2017, Novogratz predicted that Bitcoin could reach $ 40,000 by the end of 2018, peaking at $ 19,650 the next month, and then falling to a $ 3,000 range the next year. In February 2020, Novogratz said he expects Bitcoin to set a new all-time high in 2020.
Digital Assets Company
Digital Asset Holdings is a financial technology company and developer of programming languages for the financial industry. Its main product is the Digital Asset Description Language (DAML), which is designed to create smart contracts. In December 2019, the company raised $ 35 million in Series C rounding funding, bringing the total fundraising to $ 150 million. Asset Holdings is led by co-founder and CEO Yuval Rooz. Former CEO Blythe Masters retired in December 2018 but remains a board member, strategic advisor, and shareholder.