As a reminder, there are indeed plenty of wealthy investors in the cryptocurrency industry. As an illustration of this, we can recall yesterday's series of bitcoin withdrawals from the Coinbase platform. We're talking about withdrawals of 9843, 9901 and 9867 BTC worth $1.15 billion. Given the data on the blockchain, we can assume that some anonymous capital owner decided to buy BTCs at a relatively good price and put them into long-term storage. We wrote more about this in a separate article.

Who is buying cryptocurrencies?

The analysts’ report refers to “rich” investors – this category includes market players whose capital exceeds the $5 million mark. The study also looked at information from both active participants in the crypto industry and people with an interest in the field.

Cryptocurrency investors

According to Cointelegraph sources, this report is based on information gathered for Wealth-X’s own database, including information and research regarding wealthy investors conducted in January 2022. So, up to 94 per cent of wealthy crypto investors earned their fortune on their own, meaning none of them relied solely on inheritance to build their capital.

Wealth-X statistics


Note that investors' desire to get involved with crypto is understandable. After all, coins are well known for their ability to increase in value and update value records over time. For example, now Bibull Capital fund manager Joe DiPascale is betting that BTC will rise to $100,000, and he's giving it a rough year and a half to do so.

The report also notes that among those who have shown a general interest in the crypto market, almost 90 percent have made a career in investing themselves and only 0.5 percent have inherited capital. In addition, it was the majority of the market players surveyed from the analysts’ sample of 84 per cent who did not rely on any inheritance.

This data demonstrates that the wealthy and “self-made” are more likely to be open to investing in assets that are riskier and more volatile than other classes of investment instruments. And since most of them have built their wealth through cryptocurrencies, it’s not surprising that inheritance plays almost no role in the source of capital for prominent members of the crypto industry.

Stripe platform

Cryptocurrencies are also gaining interest in the leadership of financial platform Stripe, with the launch this week of Stripe, a crypto service that allows the platform to be used for cryptotransactions and NFT transfers. The company already offers different payment solutions for Web 3 world platforms and identity verification procedures (KYC).

Stripe co-founder John Collison announced the new features of the platform on his Twitter account. He also touched on a point about the various ways Stripe plans to integrate with Web 3 startups through its crypto-APIs, the software interfaces that companies use to connect to the Stripe platform.

Here’s a message from Twitter, with which platform representatives revealed the innovation.

Stripe services are currently only available to companies in the US, UK and European Union. That said, NFT support is also available in Japan.

To facilitate new services for Web3, Stripe has announced partnerships with FTX, FTX U.S, Nifty Gateway, Just Mining and Blockchain.com. The platform has also launched its own NFT collection called Cube Thingies, the proceeds of which will go to Watsi, a non-profit healthcare organisation.


We think the love of self-made equity investors for crypto makes sense. In recent years, digital assets have provided incredible opportunities for capital appreciation, with some coins increasing in value by more than 10,000 per cent in 2021 alone. Therefore, risky capital owners accept the prospect of a coin market crash for the prospect of increasing their investments by tens and sometimes hundreds of times.

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