Bitcoin is the reason why we see today the growing popularity of Cryptocurrency. The first Cryptocurrency made its debut in 2009, causing a stir in the market. At the time, people weren’t really aware of the wonders digital currency could bring. But here we are now acknowledging the promising future of Bitcoin, the first largest Cryptocurrency.
One of the significant reasons for its growing popularity is how Bitcoin gave power to people. Apart from its payment transactions, Bitcoin is also known for its store of value. The most flattering sentiment Bitcoin receives is its comparison with fiat, especially when the Crypto analysts stated, “Cryptocurrency could replace fiat someday”.
The network is –
- Immutable And Tamperproof
- Faster And Borderless Payments
- Eliminates Intermediaries, And Many More.
In this blog, we are going to introduce to you India’s Top Bitcoin Millionaires
1. Akshay Haldipur
Akshay Haldipur is one of the top Indian Bitcoin Millionaires who is currently holding 77 BTC, of which AToW is worth 199691810.16 INR. He is also known for owning stakes in other digital currencies such as Ethereum, Ripple, and DASH.
In one of the interviews, he said, “I burnt my ATI Radeon GPU when I first started mining four years ago. Then I realised I should just save some money and buy bitcoins”. He further added, “It’s advisable to not put all your bitcoins in one exchange. Diversify them, increase your portals to three or four different types of exchanges”.
2. Ankesh Kothari
Ankesh Kothari is an Indian entrepreneur who runs SuccessNexus.com, an Internet affiliate management portal. In 2012, he got his first Bitcoins as payment from one of his clients. Eventually, more came in when he received Bitcoins in exchange for cash from a Russian in Pune who wanted to buy a car. Kothari further bought shares in ASIC Miner, a China-based company, to assure a consistent flow of Bitcoins.
He said, “At the time, the exchange rate was between $7-9. I accepted the payment, just for the thrill”. Well, guess what? The thrill really worked out great for him, making him a Crypto-lad in a short time!
3. Sanket Shah
Sanket Shah is a Mechanical engineer residing in Ghatkopar. Sanket initially bought his first Bitcoin for $115 to cover his daily expenses. At the time, he had no idea that Bitcoin’s price would skyrocket so dramatically.
Also Read, Meet The 10 Crypto Millionaires In The World
4. Amit Bhardwaj
Amit Bhardwaj is a familiar name in the Bitcoin Indian Millionaires club, but for all the most wrong reasons. For those who are unfamiliar, Amit Bhardwaj is an Indian investor and founder of Gain Bitcoin. But you will be startled to know that Investing agencies have accused him of running a multi-level marketing scheme. According to the investigation, it carried out a major scam that defrauded over 8000 people. It is considered one of India’s biggest Bitcoin scams involving allegations levelled against Amit and few other middlemen. They persuaded asset owners and Crypto enthusiasts to join GainBitcoin’s multi-level marketing scheme in exchange for high bitcoin returns. He was the key suspect for his role in the Ponzi scheme, which is estimated to be worth anywhere from $300 million to a whopping $5 billion.
5. Jugal Sampat
In March 2013, Jugal Sampat bought his first Bitcoin for $80 on the Mt Gox exchange. Since the price surged within a week, he rapidly made a $35 profit. That’s when he decided to involve himself in Bitcoin trading. Sampat has even set up a mini mine at home to earn more from Bitcoin.
In his interview, he said, “When I earned my first profit in Bitcoin trade, I grew hungry for more and set up a mini mine at home by combining the procession powers of my desktop PC and laptop”.
The pseudonymous creator of Bitcoin, Satoshi Nakamoto, changed the outlook of currency in the digital era. The potential of Bitcoin has surprised everyone, especially the early Investors of the digital currency. As a result, Bitcoin has occupied a staple spot in the Finance industry, making it one of the most trusted assets and haven in terms of Investment.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.