Barry Silbert is one of the largest Bitcoin holders in the world. In an Interview Barry Silbert Wife, Lori Silbert named him Bitcoin Whale. The CEO of DCG and Greyscale is a self-made billionaire. If you trace back to when Barry started his journey you can see that he started his crypto journey in 2012. The early step helped him to take over the crypto market. In this article, let’s explore Barry Silbert’s crypto journey and his strategies.
Billionaire Barry Silbert The CEO Of DCG
We know Barry Silbert as the CEO of the DCG (Digital Currency Group). DCG is a conglomerate of five cryptocurrency-focused companies. Barry Silbert is an entrepreneur who helps companies that are based on cryptocurrency to grow.
Barry Silbert was born in Riverdale, New York, in 1976. In 1998 he completed his graduation with a degree in finance from the Wharton School of the University of Pennsylvania. After completing his graduation, he started working as a research analyst in an investment bank named Houlihan Lokey Howard & Zukin.
When the SecondMarket was obtained by Nasdaq, Silbert discovered that this market is for trading illiquid assets including private company stock and the interests of venture capital funds, etc. After that, he launched two companies Greyscale and DCG.
Barry Silbert’s Grayscale
Berry Silbert launched Grayscale in 2014 which is a digital currency management company. It will manage your Bitcoin, Ethereum, and Litecoin like other crypto assets, and track their price movement. The best part about it, Grayscale provides you with some best tips to invest for free.
Barry Silbert’s Digital Currency Group
After Grayscale, Silbert launched its new asset management service named DCG (digital currency group) in 2015. The concept of DCG is very simple, it is like Grayscale but with a bigger picture. This is a venture-capital management firm, that invests in cryptos like Bitcoin, and Litecoin, and especially startups like Bitcoin.
The Secret Of Barry Silbert’s Net Worth
Several people search on the internet about Barry Silbert net worth or they search Barry Silbert Wikipedia for the answer to the secret of his net worth growth. The main secret of his net worth is he started early and the compounding effect helps him.
Through his venture business and DCG, he started to invest in crypto and digital assets in 2014. The early investment in digital currency is what ultimately helped him to grow his capital and net worth. That’s how he became a billionaire at a very young age.
If you follow him then you know, Barry Silbert Twitter handle (@BarrySilbert) posted about his net worth which is $3.5 billion in 2022. His year-by-year worth grows very fast because of the compounding of early investment.
| Year | Net Worth |
|---|---|
| 2010 | $2,200,000,000 |
| 2021 | $2,900,000,000 |
| 2022 | $3,200,000,000 |
| 2023 | $4,000,000,000 |
Barry Silbert Crypto Investments
If you are searching for Barry Silbert’s crypto investment then let me tell you that he invested in multiple places and bet with the highest riskier assets. After completing his finance graduation, he worked for 5 years in an investment banker. There he understands the market and investments. Then he proceeded with SecondMarket.
SecondMarket
This is his first big turn on his journey to become a billionaire. He started SecondMarket in 2004, and after 3 years of analyzing and investing in 2007, he showed his skills and knowledge to gain more profit and hold the ground tightly in the SecondMarket.
In 2010 he gained almost $10 million from Series B funding. The SecondMakret gained up to $215 million in the funding round. Later NASDAQ acquired the SecondMarket and changed the name to NASDAQ Privet Market in 2015.
Digital Currency Group (DCG)
Barry Silbert’s one of the biggest achievements is DCG which he founded in 2015 after NASDAQ acquired Second Makret. It is a digital investment management firm. In a report of 2021, DCG has invested in over 200 cryptocurrency organizations.
Silbert’s DCG made $800 million in yearly revenue in 2022. However, in 2021 it made up to $1 billion in revenue. In 2022 DCG held over $5.3 billion worth of assets.
Genesis Global Capital
Back in 2013, Silbert founded another company named Genesis Global Capital. This establishment offers trading, investing, and lending money or assets to institutional investors or any popular wealthy retail investor.
A unique thing about Genesis Global Capital is, that it is the largest non-commitment creditor of not only FTX.com but also its affiliated companies. The internal reports show that Genesis Global Capital took a loan from DCG worth $600 million which is still unpaid.
LUNO
The link between Silbert’s two biggest firms, DCG and Luno first surfaced in 2014. LUNO is considered one of the earliest crypto-exchanging and investing platforms that expand into big cities including London, Johannesburg, Singapore, Cape Town, Lagos, Sydney, Kuala Lumpur, and Jakarta.
Later in 2020, DCG acquired LUNO, and after that, Luno gained over 5 million customers. However, Luno is still maintaining its independent organization but DCG is still regulating Luno.
Greyscale
The Greysacle and DCG contributed a huge amount to Silbert’s net worth. In 2021 Greyscale became the largest virtual assets management establishment. The greyscale firm has raised over $50 billion worth of assets.
Conclusion: Barry Silbert A Self-Made Billionaire Or Born Rich Billionaire?
In the end, we can clearly see through this article, that he has not inherited his money/net worth from anyone. He started his company after analyzing the market and risks then little by little he started his journey towards a billionaire. There are some rumors about Silbert that he might contained a huge amount of Gold Bars. If you want to know about more famous billionaires story then follow our blog page.
Also Read:
- What Is Bitcoin?
- What Is Happening With Best Cryptocurrencies
- Bitcoin Trades Between A Narrow Range Below $26,000
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