Cointime

Download App
iOS & Android

Micree Zhan Is the Unknown Genius Behind the World’s Largest Bitcoin Fortune

Have you heard of Micree Zhan?

Probably not.

But you should know that he’s one of the most influential figures in cryptocurrency.

He’s reportedly the largest known holder of Bitcoin in the world. Despite his massive wealth and influence in cryptocurrency, Zhan has managed to fly under the radar.

He’s not a household name like Elon Musk or Mark Zuckerberg, but his contributions to the world of Bitcoin and blockchain technology have been just as significant.

Micree Zhan was born in China and began his career as an electrical engineer.

Like many successful people, Zhan came from humble beginnings.

Born in China, Zhan began his career as an electrical engineer. He became interested in cryptocurrency in the early days of Bitcoin when he saw the potential for decentralisation and the ability to create a more fair and transparent financial system.

In 2013, Zhan co-founded Bitmain, a company that would eventually become one of the most successful and influential players in the cryptocurrency industry.

As CTO of Bitmain, Zhan led the development of Bitcoin mining hardware and played a crucial role in the growth and mainstream adoption of cryptocurrency.

He’s a Genius in the Cryptocurrency World Who Has Managed To Stay Out of the Public Eye.

Zhan is as intelligent as they come.

Despite his impressive accomplishments and wealth, he’s managed to keep a low profile and stay out of the public eye.

It’s hard to find any information about him online — even his Twitter page has deleted all of its historical tweets and has been inactive since July 2022.

With only 3000 followers, it’s clear that Zhan isn’t interested in being a social media star.

But what do we know about this mysterious figure?

After earning a degree in electrical engineering from Shandong University in 2001, Zhan went on to get a master’s degree in engineering from the Chinese Academy of Sciences’ Institute of Microelectronics in 2004.

He then worked as a research and development engineer at Tsinghua University’s Research Institute of Information Technology.

In 2010, Zhan founded a startup called Diva IP Technologies, which focused on building chips for set-top boxes.

They were old cable boxes with a TV decoder and a button on the front that allowed you to tune your TV.

Despite the emergence of streaming services, set-top boxes were still around when Bitcoin became popular.

Zhan has a knack for identifying emerging technologies and finding ways to capitalise on them.

Bitmain Mining.

He co-founded a mining chip manufacturing company called Bitmain with his business partner, Jihan Wu.

Wu was the first to translate the Bitcoin whitepaper into Mandarin, which is pretty impressive.

When Bitmain went through its Initial Public Offering (IPO), it was discovered that Zhan owned 36% of the company’s stake and Wu owned 26%.

That’s a humungous slice of a giant pie.

It’s easy to see why the pair own so much of the world’s Bitcoin.

After all, you’re bound to be pretty wealthy if you own a successful Bitcoin chip manufacturing company and hundreds of Bitcoin mining farms.

It’s like that money tree your parents told you about when you were a kid, except instead of growing on trees, it’s now in Bitcoin mining farms.

And in case you wondered, here’s a list of the top 10 Bitcoin holders according to Yahoo Finance.

Satoshi Nakamoto, in the number one spot, is a fictitious person or group who developed Bitcoin.

Their true identity has yet to be discovered and has always drawn widespread speculation.

Final Thoughts

Micree Zhan is a genius in cryptocurrency, with a successful career and a massive fortune to show for it.

We’ve expected to know more about successful public figures, not this guy.

Despite his impressive accomplishments, Zhan has managed to stay out of the public eye, maintaining a low profile and avoiding the limelight.

Learning about his personal life is challenging, and you’d think more information about him would be available online.

His Twitter page has been inactive for months, and he has relatively few followers compared to other successful entrepreneurs.

He may not be a household name, but his impact on cryptocurrency is significant.

https://medium.com/datadriveninvestor/micree-zhan-is-the-unknown-genius-behind-the-worlds-largest-bitcoin-fortune-eebf37badba1

Comments

All Comments

Recommended for you

  • U.S. consumer confidence improves again in November, reaching a two-year high

    Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.

  • Starknet: Phase 1 of STRK staking is now live on the mainnet

    Starknet announced that the first stage of STRK staking has officially launched on the mainnet.

  • CZ: Not trying to end the meme craze, just encouraging more builders

    CZ posted on X platform today, saying: "I am not against Meme coins, but Meme coins have become 'a little' strange now. Let's use blockchain technology to build practical applications." Some community users said that even Musk is a supporter of Meme coins, and it is very difficult to end this frenzy. CZ responded that "there is no attempt to end anything, everyone has the right to choose to invest or hold what they want. Just encourage more builders."

  • Talus Network Completes $6 Million Strategic Round of Financing with a Valuation of $150 Million

    decentralized AI protocol Talus Network raised $6 million in a strategic financing round led by Polychain Capital, valuing the company at $150 million. This funding will help further develop the Talus ecosystem, including the Protochain, Nexus framework, and "AI dating experience" application.

  • AXIOS: Trump is considering appointing a secretary of state for artificial intelligence

    according to AXIOS, Trump is considering appointing an AI minister to coordinate federal policies and government use of emerging technologies.

  • Coinbase International has launched COW perpetual contracts

     Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.

  • Schuman Financial Completes $7.36 Million Seed Round, Led by RockawayX

    Schuman Financial has completed a $7.36 million seed round of financing, led by RockawayX, with participation from Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund and Bankless Ventures. In addition, Schuman Financial has launched a euro stablecoin, EURØP, which complies with the MiCA standard.

  • QCP: BTC's path to $100,000 has stalled, and ETH implied volatility has turned to put options

    QCP Capital has published an analysis indicating that the recent drop in the price of Bitcoin has resulted in long liquidations exceeding $430 million. This drop coincides with the end of five consecutive days of net inflows for spot ETFs, which recorded a outflow of $438 million on Monday, while MicroStrategy fell by 4.4%. With the US holiday approaching and no immediate catalyst to push prices higher, BTC's path towards $100,000 has stalled. In addition, the implied volatility of ETH has turned to bearish options rather than bullish options, and market concerns about downside risks may intensify, especially with the release of the FOMC meeting minutes and PCE data. However, in the long run, this market decline is not an excessive correction. Bitcoin has only retreated to last week's level. Since Trump's election, the market has become extremely overbought and leveraged, so a pause is inevitable.

  • Binance will delist GFT, IRIS, KEY, OAX, and REN

     Binance will delist the following trading pairs on December 10, 2024: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Additionally, Binance Futures will close all positions and automatically settle the KEYUSDT and RENUSDT USDⓈ-M perpetual contracts on December 3, 2024 at 09:00 (UTC). After the settlement is completed, the contracts will be delisted.