These substantial holdings give them the ability to influence the market and potentially manipulate the value of the cryptocurrency — like a whale in the ocean, any of their movements will make waves. Still, Makarov and Schoar's work adds credibility to the lists floating around the internet of investors with the highest crypto fortunes. Matthew Roszak, chairman of blockchain company Bloq, has a crypto portfolio worth more than $1.5 billion, Forbes reported in April. The Winklevoss twins Cameron and Tyler also reportedly became billionaires from investing in bitcoin. The performance of the exchange traded gm coin crypto fund (ETF) Valkyrie Bitcoin Miners (WGMI) showed the extent to which the value of the crypto mining business was affected. It lost more than 80% of its value over the course of the year, with its price at the end of last year coming in at $4.47, compared to its February 2022 launch price of $26.20.