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I AM A DEGEN the first step is admitting Mental Barf 2024
Crypto Trader Made $283 Million in One Month
An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.
The only clue about this person or persons, beyond a virtual wallet with the identification code 0x00A651D43B6e209F5Ada45A35F92EFC0De3A5184, surfaced on a June 11 Instagram posting, in Bahasa, in which he or she (or they) (or somebody posing as them) boasted about the 413 percent profit accumulated earlier this year from ether, the digital money of the Ethereum blockchain.
One of the cool things about Ethereum is that all wallets around the world are transparent and open for everyone to see. And this is my wallet’s savings.”
Likely candidates to be crypto-billionaires include
Michael Novogratz, hedge fund manager
Joseph Lubin, founder of ConsenSys, a blockchain production studio that works on Ethereum
Vitalik Buterin, Ethereum creator
Novogratz, a former executive at Fortress Investment Group and Goldman Sachs Group Inc., has a long way to go, but he’s been a consistent booster. He said last month that he has 10 percent of his net worth invested in virtual money. That’s a stake worth at least $90 million, given a net worth calculated at $925 million, according to the Bloomberg Billionaires Index. Novogratz declined to comment.
Cryptocurrencies could become a $5 trillion industry, but they need to develop sound business principles to satisfy regulators and lend legitimacy, Novogratz said June 27 at a fintech conference in New York.
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