Cryptocurrency is gaining popularity with each passing day. The question interests people; Is it possible to get rich by investing in cryptocurrency? Investing in cryptocurrency comes with risks as it is a decentralized currency. Factors such as cyberattacks, contests, regulations, and vital issues can make cryptocurrency completely unsafe. But the potential for profit taking is exceptionally high as many other emerging factors indicate they are here to stay. If you want direct exposure to the cryptocurrency market, investing in cryptocurrency is the best option. People like Sam bankman-fried is the richest crypto founder according to the forbes. He is a 29 years old young man who has earned the bulk of digital money.
Who is sam bankman-fried?
A rich man belonged to a well educated family who owns FTX, a cryptocurrency exchange. Both of his parents were professors of Law and he was also aiming to be a physics professor. Then he gained interested in ethics and philosophy. He wanted to do something that will save lives and make everyone earn money by little one dollar investment. Sam now has a fortune of over $20 billion. It did not happen overnight. It began after he founded the cryptocurrency exchange FTX back in 2019 after noticing a pricing anomaly in Bitcoin. He believes in doing good and is an firm follower of effective altruism. It is a philosophy that advocates using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis.
Purpose of Sam Bankman
According to the Bloomberg, he keeps just one per cent of his earnings, meaning a minimum of $100,000 a year, so he can enjoy the bare minimum. How do he use the rest of the money? Sams does not wish to live with all of that fortune. He shows no interest in his wealth even after being the richest man. He is an avid follower of effective altruism and wants to help other in the maximum way. He wants to give it all away. Not only this but he also makes large political contributions, and spends millions on the naming rights for stadiums.
- He always has been interested in sport activities and spent an estimated $30 million on a Super Bowl ad with comedian Larry David.
- His lifestyle outside of work is look like that of a ‘college student perpetually cramming for finals.
- He aims to offer cryptocurrency futures, swaps, and options. When he will succeed in taking over crypto, the mainstream finance industry will be his next target.
What does Sam think of his future investments?
Sam only use one percent of his total worth but still he is looking forward to grow his assests and make bigger investment:
- Sam has told that “We’re sort of playing in the kiddie pool, Ideally, I would want FTX to become the biggest source of financial transactions in the world.”
- He has told Bloomberg in an exclusive interview that, “You pretty quickly run out of really effective ways to make yourself happier by spending money. I don’t want a yacht.
Why do you need crypto funds portfolio?
You need a crypto find portfolio to manage your decentralize money and online assest. They have policies that will keep you away from digital currency’s risk. There is a huge range of portfolio available to provide you services. In this article, we’ll take about the top Crypto Funds Portfolios:
1) Alameda Research
An incredibly liquid trading firm, alameda research used to trade all kinds of coins and currency online. It is a cryptocurrency trading juggernaut founded by Sam Bankman-Fried, is funding a portion of its $5 billion in daily trading activity with money provided by decentralized-finance lenders.It is a leading principal trading firm and using internally developed technology to provide the safest and transperant services. Their team’s deep crypto expertise trade thousands of digital asset products: all major coins and altcoins, as well as their derivatives. Since 2017, they are striving relentlessly to build a globally focused team and infrastructure with the ability to trade on all major exchanges and markets. You can also use the FTX OTC Portal to exchange all types of Crypto over all top cryptocurrency exchanges.
2) Paradigm Crypto Portfolio
It is a crypto fund Founded in 2018, is a venture capital firm based in San Francisco, California. It prefers to invest in financial services, information technology, TMT, SaaS, blockchain, and TMT sectors. Paradigm Crypto Portfolio focuses on supporting the great crypto/Web3 companies and protocols of tomorrow. Our approach is flexible, long term, multi-stage, and global. They usually get involved at the earliest stages of formation and support their portfolio with additional capital over time. As the crypto market continues to moving toward new heights, all investors are finding heightened LP appetite for exposure to the space, leading to new venture funds that are huge. It has total $2.5 billion venture fund, the largest crypto fund ever, shooting past the $2.2 billion crypto-centric fund Andreessen Horowitz announced this summer.
3) Multicoin capital portfolio
Kyle Samani co-foundedand manages Multicoin Capital in partnership, a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets. They also protects your digital assets. To manage multicoin capital portfolio, they invest private equity and tokens for projects that have not yet launched. They take care from the seed stage, and plan to support entrepreneurs over multiple rounds of investment in both private and public markets. They have raised a new $100M venture fund to back entrepreneurs building companies (equity), and protocols (tokens) in and around the crypto space. They are looking forward to new kinds of crypto-enabled infrastructure and applications in the future.
Cryptocurrency is the most profitable investment you can made. To grow your digital assests in a liquid manner, it is important to choose a trustworthy crypto fund portfolio. The richest cryptocurrency founder Sam Bankman-Fried also use Alameda Research to keep his assets safe and managed. There also other firms who’re providing the best services.