Forbes Richest People In Cryptocurrency List Shines Light On Digital Currency
Forbes annually publishes lists of the world’s richest people. For the first time ever, the publication compiled a list detailing the world’s richest people in cryptocurrency.
According to Coin Telegraph, Forbes Editor Randall Lane said with the list the publication aimed to provide “a snapshot of a pivotal moment, part of the transparency needed to pull crypto away from its provenance as the favorite currency of drug dealers and into the adolescence of a legitimate asset class.”
Of course, figuring out the wealth of the world’s richest crypto tycoons wasn’t an easy task compared with its world’s richest people list.
The list contains five categories of crypto rich including “idealists, builders, opportunists, infrastructure players and establishment investors.” To appear on the list, people need at least $350 million in cryptocurrency worth. Not surprisingly, some estimates on the list could be off. Plus, some people may have been left off the list
Forbes staff writer Jeff Kauflin explained it well when he wrote that the “newly minted crypto rich live in a strange milieu that blends paranoid secrecy with ostentatious display.”
A decentralized, encrypted payment system outside of the traditional world financial system certainly comes with a shroud of secrecy. In fact, anonymity drew many investors in the first place.
Of interest, the average age of those on the list is 42 compared with those on the traditional list. The smaller sample size probably accounts for some of the discrepancies, but certainly not all.
Despite the difficulties, Forbes rounded up 19 people to include on its first ever richest in cryptocurrency list. The publication referred to those on the list as Prophets of the Boom.
Alas, most of us don’t appear on the list… this time.