Bitcoin is one of the most popular cryptocurrencies around the world, and a lot of organizations, trust funds, and governments are very aware of the benefits of this cryptocurrency.
Even though they didn't pay much attention when Bitcoin was initially launched, today we are looking at a very different reality as many governments, famous billionaires, companies are investing in Bitcoin, and some are also developing their own cryptocurrencies. There's a termiology in the industry called HODL bitcoin. HODL as an acronym stands for "hold on for dear life." Historically, Bitcoins dips over 80% in bear markets before returning past its all-time highs, and this is why many crypto investors HODL Bitcoin.
In this article, we provide an overview of top investors that own a lot of BTC.
The government of China is known for its affinity towards cryptocurrencies, and it supports Bitcoin mining. And actually, it was estimated that about 65% of the hash rate came from China. In fact, some of the biggest mining farms and mining pools are in China.
Furthermore, on Chinese online exchange sites, there is one of the biggest volumes of Bitcoin trading on a daily basis. So, there is definitely a great number of users interested in trading BTC in China. What's more, and the country is the first one to develop its own cryptocurrency - the digital Yuan.
Thanks to the bull market phase in 2020 and 2021, a lot of companies are investing in Bitcoin. One example that has attracted a lot of media hype is the investment of Elon Musk in BTC. He invested about $1.5 billion in BTC from corporate cash. This means that about 8% of the company's reserves are in BTC. Also, Telsa announced that it would accept payments in BTC. Another reputable brand that accepts BTC payments is PayPal.
If you want to invest in BTC, there are actually great online exchange platforms like bitpal.io, where you can invest in BTC and trade BTC for other currencies. On BitPal, you can potentially earn a profit of $5,200, while the only investment you need to make to start trading here is a deposit of $250. Y
ou're also at the advantage of trading here because BitPal has AI-powered trading algorithms that analyze and adjust quickly to changing market conditions. So, you're trading at a high accuracy level, and you can do it easily from the BitPal app on the go.
Galaxy Digital Holdings
Galaxy Digital Holdings is a merchant banking institution specifically dedicated to the management of digital cryptocurrencies, including Bitcoin and blockchain technology. Some of the services it offers include principal investing, asset management, trading services, and investment banking. Regarding its BTC, Galaxy Digital Holdings holds $176.4 million in BTC, based on financial data from September 2020.
The mysterious Satoshi Nakamoto is the inventor of Bitcoin and blockchain technology. He/She is also the owner of 1 million BTC. Even though no one still knows his/her real identity, Satoshi repeatedly appears as one of the richest men in the world. In fact, in 2021, Nakamoto is the 33rd richest person in the world. Today, thanks to the fantastic Bitcoin's growth cycle Satoshi has amassed huge wealth, and Satoshi's net-worth is surpassing $30 billion.
He is the founder of one of the first crypto investment firms, Pantera Capital. Since it was founded in 2013, it has become one of the biggest companies in this sector. It has a crypto fund, and it is solely dedicated to the investment and management of cryptocurrencies, including Bitcoin. It also supports investments in blockchain technologies.
According to the financial data in 2019, Pantera Capital has had $470 million in assets. Because Bitcoin is still in a bull run, there is a renewed interest in investing in BTC. Dan Morehead predicts that if the bull run continues, Bitcoin will reach $115,212 as early as August 2021.