Cryptocurrency Valuations Have Created Very Wealthy Founders...

Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the world — Right up there with bitcoin’s creator Satoshi Nakamoto.
          

The Founders of Bitcoin, Ripple, and Ethereum Are Among the Richest Individuals On Earth.....

The total market capitalization of all the digital assets combined is currently over $770Bn and is quickly approaching the $1 trillion mark. A bunch of cryptocurrencies have been rising, but four digital assets in particular, bitcoin core, ethereum, ripple, and bitcoin cash as well, have made the founders of these projects very rich. It is believed that at one time Satoshi Nakamoto may have mined over 1 million BTC during the first year the original bitcoin codebase was born. RSK Labs chief scientist, Sergio Lerner, has done quite a bit of research on the fortune of Satoshi Nakamoto. According to Lerner’s report, Nakamoto using a single computer may have mined over 1 million BTC, and none of these coins have ever been spent.

At the time of writing Satoshi’s net worth with all of his BTC reserves is roughly around $16Bn USD. That number does not include the tokens Nakamoto owns from the recent fork last summer creating the digital asset bitcoin cash (BCH). Nakamoto’s BCH reserves gives the creator another $2.6Bn as both assets make the anonymous group or person among the top 200 wealthiest people on earth. Many bitcoin investors are confident with the fact that Satoshi is missing and believe he’s not a threat to the market as far as dumping his coins. Some believe the creator may be a threat in the future if Nakamoto decides to spend those coins. So far, Satoshi has been gone since 2010, and the coins in his possession have not moved since the day they were mined.

Ripple Co-Founder Chris Larsen is Worth More Than the Founders of Google 

Another digital asset market valuation that has grown exponentially is the ripple (XRP) market which is worth over $120Bn USD right now. This makes the co-founder of Ripple Labs, Chris Larsen, to be worth an estimated $50Bn and among the 200 wealthiest individuals in the world. Ripple has been controversial since its inception creating 100Bn XRPs and releasing only 38Bn of these tokens to the general public. Ripple Labs, Chris Larsen, and the other co-founders are in control of a vast majority of the uncirculated XRPs. A 100 billion is a significant number making people leery from investing in the project, especially when over 50Bn are held by the founders. Ripple investors believe the price of XRP gained significantly in value because Ripple Labs promises to keep the ‘founders coin’ in a time-locked escrow.

Chris Larsen the co-founder of Ripple Labs is worth over $50Bn.