A decade ago, crypto billionaires didn’t exist. Now there are dozens. They can either be a flash in the pan, or foretell a new wave of wealth creation, says RhysLindmark, co-founder of the_roote. More from the RoadtoConsensus for Consensus2022:
Read more:Computers and Web 1 birthed billionaires like Bill Gates and Michael Dell. Web 2 created the elite of today: Jeff Bezos, Steve Jobs, Mark Zuckerberg, Sergey Brin and Larry Page. And now, Web 3 has created SBF and CZ.
We can visualize this on the simple graph below to show how wealth became more inherited over the course of the 20th century. Of the 73 new fortunes in 2020, 30 derive from Digital Technology, 26 from Industrial Technology and 17 from investing.Graham didn’t look at crypto in 2021, but by 2022 we now have two crypto billionaires in the top 100: SBF and CZ.It may not seem like much, but rarely do we find an entirely new category for how the wealthiest people create their wealth.2.
However, this is something categorically different. The real question is: What’s the trendline? Will orange crypto take over the chart?
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