Who is Mike Cannon-Brookes?
Mike Cannon-Brookes, the co-founder of Atlassian, isn’t just making waves in the world of collaboration software; he’s also dipping his toes into the deep waters of digital currencies. With a real-time net worth of $2.4 billion as of May 1, he holds a notable spot on the Forbes list of Australia’s richest individuals – and he’s not even 40 yet!
The Bitcoin Tweet That Spoke Volumes
In a tweet that might just redefine speculative investing, Cannon-Brookes confirmed his engagement in the world of Bitcoin:
“Yup, my BTC bet is paying out well. Theory? ‘It will be worth a lot, or zero’. Much like a horse racing. Not like investing.”
While some might raise eyebrows at comparing Bitcoin to horse racing, it does add a humorous twist to the volatility often associated with cryptocurrencies, doesn’t it?
The Other Billionaires in the Crypto Club
Mike Novogratz has previously declared that 10% of his net worth is tied up in the crypto market, dubbing it the “best investment of my life”. However, Cannon-Brookes seems to play it a bit safer. While he hasn’t disclosed how much he’s invested, his nonchalant attitude towards the whole thing suggests he’s keeping his cards close to his chest. Is he waiting for the next big score, or just enjoying the ride?
A Broader Look at Wealthy Investors in Bitcoin
The growing presence of billionaires in the cryptocurrency space raises the question: how many wealthy folks have hopped onto the Bitcoin bandwagon? Although we can’t pinpoint the exact fraction, the trend is clear: high-net-worth individuals are slowly embracing digital currency. According to Bill Gross, a billionaire bond manager, Bitcoin offers an attractive storage of wealth. Sounds like a recommendation worth considering!
The Bitcoin Wallet Reality
Interestingly, less than 150,000 Bitcoin wallet addresses—about 1% of the total—hold 10 or more Bitcoins. This small fraction stores nearly 90% of the Bitcoin supply. While we can’t say for sure who owns these wallets, it’s a compelling argument against the idea that only “minions” engage with Bitcoin. Perhaps those who tread the path of digital currency are more prominent than we thought.
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