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These Crypto Millionaires Got Rich by Looking Beyond Bitcoin

Charlie Wilson
5 Bitcoin Stocks That Could Make Your Investment Strategy in 2022 There are more ways than ever to invest in cryptocurrencies and other blockchain projects today. With direct investing, ETFs, and other assets available, there’s something to suit any strategy. Many investors choose to go with Bitcoin-related stocks that provide a wide range of exposure and risk. Here are some crypto stocks that any savvy investor should be watching in 2022. Hut 8 Mining Hut 8 Mining is a Canadian cryptocurrency company, the first to be listed on the S&P/TSX Composite Index. It’s a company that focuses solely on Bitcoin mining, much like smaller operations and individuals who invest in the equipment and utilities necessary to mine Bitcoin and other cryptocurrencies. The company generates about 10 Bitcoins each day, totaling about $426,000 at current pricing. This stock provides very direct exposure to Bitcoin, with the majority of the company’s wealth being in nearly 6,000 Bitcoins. As such, the value of the company depends on the price of Bitcoin, while continued advances in mining resources and efficiency continue to drive up the stock’s value as well. HIVE Blockchain Technologies HIVE Blockchain Technologies is another Canadian blockchain company that is causing quite a stir in the industry. The company mines both Bitcoin and Ethereum, using only green energy to do so. This provides a better ESG outlook than most other blockchain companies, although it is becoming more common to make these kinds of commitments. The company has a Bitcoin mining production of around 8.5 per day, along with Ethereum production of around 70 per day. That comes out to about $560,000 in cryptocurrency generation per day at current prices. The company is also branching out to new opportunities, with investments into NFT projects and other unique blockchain opportunities. Voyager Digital Voyager Digital is a cryptocurrency exchange that provides straightforward access to a wide range of cryptocurrencies through a simple and secure mobile application. It’s among the fastest-growing platforms in the United States today and continues to innovate and add new features. Among the company’s most significant recent moves has been a strategic investment in CoinLedger, a cryptocurrency tax software provider. The partnership is set to provide cryptocurrency investors who use the Voyager platform with reliable crypto tax software. Given that taxes are one of the most challenging areas for US crypto investors, this development could see significant success for Voyager on the horizon. Tesla Inc. Elon Musk’s electric vehicle company Tesla is one stock that investors can purchase to get exposure to both cryptocurrency and the rapidly growing EV industry. Report filings from the company show that it held just shy of $2 billion worth of Bitcoin as of December 31, 2021. That makes Bitcoin holdings a considerable portion of the company’s overall balance sheet. With many countries making commitments to increase the proportion of electric vehicles on their roads in the decade ahead, Tesla could be one of the hottest shares that investors can buy today. With both cryptocurrency growth and EV adoption driving value, Tesla is one stock to watch carefully during 2022. That’s being said, there are new money-making schemes such as the Bitcoin Motion trading app which are constantly launched. A quick search for Bitcoin Motion review reveals that these systems are to be viewed with a grain of salt since they unregulated in most cases. Galaxy Digital Holdings Galaxy Digital is a financial services company that focuses largely on cryptocurrencies and other blockchain technologies. They’ve made a number of recent acquisitions that bode well for the future of the stock, including BitGo Holdings, a versatile digital asset company known for its cryptocurrency wallets. Galaxy Digital has also recently made a major commitment towards a new sustainability program. With environmental concerns being at the forefront of blockchain technology today, this shows that the company is focused on long-term goals that should serve investors well in the years to come.

There are plenty of investors out there who have made their fortunes off of Bitcoin, Ethereum, and other cryptocurrencies. Today, more than 87,000 individual wallets hold over $1,000,000 in Bitcoin, and that doesn’t count individuals who have already cashed out. However, Bitcoin is far from the only cryptocurrency on the market today. These investors have managed to strike digital gold investing in other crypto opportunities.

Polish Musician Highlights Risks of Low Market Cap Crypto Trading

Adrian Zdunczyk has made a multi-million dollar fortune investing in cryptocurrencies before they catch on with broader audiences. Notably, he made $150,000 in profit in just two days from the DeFi token e-Radix. His investing strategy requires a unique approach due to the low market cap of these early projects.

Zduncyzk invests in cryptocurrencies so early that he has to stagger cashouts to avoid crashing the market. Many of these smaller crypto projects can be swayed by transactions in the tens of thousands, with major sell-offs potentially spurring panic among investors.

Amsterdam Native Makes It Big With Luna

Etienne vantKruys is one savvy cryptocurrency investor who made a significant fortune by getting in on the ground floor with Terra. He invested $25,000 in Luna, the cryptocurrency that powers their DeFi project, back when it was trading between $0.20 and $0.35. Today it’s sitting at a value of $89, up over 400 times vantKruys’ entry point.

This crypto millionaire identified the opportunity when he met up with some of the earliest backers of the cryptocurrency two years ago. While it isn’t clear at what point and to what extent vantKruys has sold off, that initial $25,000 would be worth nearly $9 million today. vantKruy has commented publicly on these events, saying that he’s very happy with the results.

American Crypto Investor Turns DeFi Savvy Into a Career

It might seem like Brenda Gentry came into the crypto game somewhat late, only starting to invest in Bitcoin in 2020. However, by moving towards more obscure cryptocurrencies, she’s managed to build a significant fortune in a very small amount of time.

Most of her profits come from Bund, a token that’s used for an online sports betting platform. By identifying promising crypto projects, investors can quickly build value. Gentry has parlayed her crypto success into becoming a consultant for NFT and other DeFi projects.

Ethereum Millionaire Continues to Make Bold Moves

Cal Graham is a 28-year-old British investor who originally made his fortune investing in Ethereum, now the second-largest cryptocurrency after Bitcoin. However, he’s continued to invest in new projects and grow his fortune with bold moves into unexplored territory.

Recently, he more than doubled a $200,000 investment into LooksRare, an emerging token, in just two weeks. That’s just one notable example, as Graham says that he’s continued to invest in lesser-known cryptocurrency opportunities constantly since he first made it big with Ethereum.

Crypto Millionaire Silver Lining Obscures Dark Clouds for Other Investors

While these crypto investor stories can give hope to lots of investors out there, people should be aware that these are far from the typical crypto experience. Investing in unknown crypto projects carries an inherent risk. Especially when get-rich-quick schemes like the Immediate Edge auto-trading app are concerned.

The massive returns that these individuals found only come from being among the very first investors before a solid consensus can develop on the project. This leads to many investors losing money on outright scams, with so-called “rug pulls” being common among very low market cap crypto projects.

One of the most notable examples of such a scheme was the “Squid Game” rug pull, where a crypto project that took its name from the popular Korean TV show saw its price crash to zero after developers sold $3 million in holdings all at once.