Non-fungible tokens (NFT).
India recorded the second highest number of cryptocurrency users in the world during the year, and India-based crypto exchanges attracted millions of users, with
CoinSwitch amassing more than 15 million of them alone.
The crypto market has also fluctuated. Although expected, given the volatile nature of the market, swings have often been triggered – to a large degree – by the actions of celebrities, tech titans, industry leaders and entertainers, and more. was new. These influencers are impacting the crypto market with their support of digital currencies and often use social media to promote them. And tracking them can also be useful for investors.
Here is a list of the seven most influential people in crypto in 2022:
In the field of cryptocurrencies, Samuel Bankman-Fried (SBF) has made many important contributions. For starters, he founded FTX, a cryptocurrency and derivatives exchange, in 2019. The company quickly grew to become the sixth-largest by volume, with a valuation of $3.5 billion.
SBF is also considered one of the pioneers of crypto-sports collaboration. The Miami Heat signed a long-term agreement with FTX and the team’s home stadium was renamed FTX Arena. FTX has also become the official cryptocurrency exchange of Major League Baseball (MLB), giving crypto yet another major push into the mainstream.
An MIT graduate and also the founder of Alameda Research, SBF is currently the richest cryptobillionaire, with a net worth of $22.5 billion. He is also the richest person under 30 since Mark Zuckerberg, according to Forbes.
Michael Saylor is the founder, chairman and CEO of MicroStrategy, the enterprise mobility and analytics software company that invested $425 million in Bitcoin as an alternative to gold and bonds. Michael Saylor is a key figure in the cryptocurrency industry.
It was under his leadership that MicroStrategy bought its first bitcoin (BTC), making it one of the first institutional buyers of cryptocurrency. Since that first purchase, MicroStrategy has never missed an opportunity to buy BTC. The well-known trade analytics platform now has 124,392 BTC worth $5.8 billion, making it the public company with the largest Bitcoin wallet.
Saylor’s Twitter account also demonstrates his enthusiasm for Bitcoin. He also stated that he owns 17,732 BTC.
Elon Musk, co-founder and CEO of Tesla and the richest person in the world, is a well-known figure in the cryptocurrency world. He is arguably the alpha influencer of the crypto world and is also widely regarded as its first influencer.
With 69.9 million Twitter followers, Musk influences the crypto market so much through his tweets that decentralization seems like a joke. In fact, his tweets have had such an impact on some coins that the term “Musk effect” has been coined in the cryptocurrency world. When he announced in February 2021 that Tesla had purchased $1.5 billion worth of BTC, Bitcoin’s value rose. 20% on the same day.
Musk’s focus has recently shifted from bitcoin to dogecoin, a popular memecoin. He is now credited with guiding Dogecoin to its current position, and he calls himself the Dogefather.
Under President Nayib Bukele, El Salvador became the first country to recognize Bitcoin as legal tender. El Salvador has found a place on the crypto map following this bold move and Bukele’s other pro-crypto moves. Additionally, the country has gone on a BTC buying spree, increasing its holdings whenever possible.
Nayib Bukele even announced a plan to build an oceanside “Bitcoin City” at the base of a volcano, in addition to starting 20 Bitcoin schools and a mining facility in El Salvador.
Vitalik Buterin is a Russian-Canadian programmer who co-founded the Ethereum blockchain and Bitcoin magazine. Bitcoin Magazine is widely considered the premier publication dedicated solely to cryptocurrency. Some of his early writings continue to impact the cryptocurrency industry even today.
Vitalik Buterin is on the radar of the most influential people in crypto simply because he is the co-founder of Ethereum, one of the top cryptocurrencies by market capitalization. He is also one of the youngest crypto billionaires in the world, having made a name for himself through his groundbreaking work on Ethereum.
Jack Dorsey is the co-founder and former CEO of Twitter, which sent the world’s first-ever tweet. The tweet simply reads: “just setting up my twttr”. But it was sold as a non-fungible token (NFT) for over $2.9 million in ETH in March 2021! Later, he converted the funds to BTC.
Jack Dorsey has been dubbed “Silicon Valley’s leading Bitcoin evangelist” by some. As a supporter of Bitcoin, its technology, and its ecosystem, Dorsey has commented on the crypto industry many times. Many people follow his bitcoin advocacy because he is a powerful voice in the tech industry.
After resigning from Twitter, he focused on Square (now named Block), an emerging funding and payments service he also founded.
Changpeng Zhao, aka CZ, launched Binance in July 2017. Since then, Binance has become the largest cryptocurrency exchange for retail investors in the world. Much like his business, CZ has also come a long way – from flipping burgers while attending McGill University in Montreal, to becoming one of the most powerful figures in crypto. He is now not only the largest shareholder of Binance, but he has also amassed a significant number of binance coins (BNB) and BTC.
It has played an important role in the crypto market, funding new ventures and providing users with a secure platform to trade over 700 different crypto pairs.
Compared to other forms of investment, cryptocurrencies are a relatively new asset class. They’ve only been around for a decade, so many only have a basic understanding of them and often need help. Industry influencers who have the right knowledge thus use their platform to educate their followers.
However, these influencers can be a bit difficult to reach for crypto investing related queries. It’s here that
CoinSwitch aid. Be sure to visit their website to brush up on your crypto basics while following these seven big names to keep you up to date.
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