25 Mar 2025

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Forget Rolex—How Crypto Millionaires Show Off Their Wealth Today

Forget Rolex—How Crypto Millionaires Show Off Their Wealth Today

Forget old-school luxury. Crypto millionaires are redefining status with ultra-rare NFTs, high-stakes blockchain investments, and exclusive crypto communities. The future of wealth is digital.

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This article uncovers how top Bitcoin millionaires are rewriting the rules of wealth, pouring their fortunes into rare digital artifacts instead of traditional luxury.

Bitcoin Millionaire Shift: Why Move Away from Traditional Luxury Symbols

Traditional luxury—opulent estates, designer timepieces, and high-end collectibles—once defined the world’s financial elite. But in the digital age, wealth is increasingly displayed through NFT collections, ENS domains, and virtual real estate in the metaverse. While classic luxury still holds value, these digital assets have become the must-have markers of status for today’s crypto millionaires.

The transition from traditional assets to digital ownership marks a fundamental change in wealth perception—where value is now dictated by technological advancement, provable scarcity, and access to a decentralized future.

 The most expensive NFTs in 2022 - The Coinomist
The most expensive NFT transactions of the 2022’s crypto frenzy. Source: DappRadar

Rare NFTs: The Digital Wealth Markers of Crypto Millionaires

Gone are the days when wealth was measured in luxury cars and designer watches. Today, crypto millionaires flaunt their status through rare NFTs—exclusive digital assets recorded on the blockchain, ranging from high-value art and collectibles to virtual mansions in the metaverse.

Gary Vaynerchuk, or simply Gary Vee, isn’t just a digital marketing mogul—he’s one of the boldest figures in the crypto investment space. In 2021, he dropped 1,600 ETH (about $3.7 million) on a CryptoPunk NFT, proving his belief in blockchain’s future. Soon after, he launched VeeFriends, a personal NFT venture that raked in millions.

The world of crypto whales is full of big moves, but few compare to Metakovan’s (Vignesh Sundaresan) jaw-dropping acquisition of Beeple’s Everydays: The First 5000 Days. In March 2021, he spent $69.3 million at Christie’s, not only breaking records but proving that NFTs are now a serious contender in the global art market.

Vignesh Sundaresan, crypto millionaire and owner of the world's most expensive NFT – The Coinomist
Vignesh Sundaresan, crypto millionaire and owner of the world's most expensive NFT Source: BBC

ENS Domains: The Ultimate Badge of Crypto Credibility

In the digital world, your identity matters. Ethereum Name Service (ENS) transforms long, cryptic blockchain addresses into sleek, readable domains—an essential flex in high-level crypto circles. Owning an ENS domain signals expertise and legitimacy, while using raw public keys? That’s like showing up to a gala in sweatpants.

Among the crypto elite who proudly own their own ENS domains are:

  1. Vitalik Buterin, Ethereum’s founder, holds vitalik.eth, a personal stamp on his digital empire, with a fortune in the hundreds of millions.
  2. Justin Sun, TRON’s visionary, acquired sun.eth in 2022 for 50 ETH (~$150,000), strengthening his Web3 presence.
  3. Brian Armstrong, Coinbase’s CEO, integrates armstrong.eth into his X account, reinforcing his identity in the crypto sphere.
  4. Balaji Srinivasan, former Coinbase CTO, chose 1729.eth, a tribute to the Hardy-Ramanujan number, blending crypto with mathematics.

*1729, known as the Hardy-Ramanujan number, is the smallest number that can be written as the sum of two cubes in two distinct ways: 1³ + 12³ = 1729 and 9³ + 10³ = 1729. A mathematical gem that now finds meaning in the crypto space.

Thinking of getting your own ENS domain?

Virtual Luxury: Exclusive Events in the Metaverse

Crypto wealth isn’t just about digital assets—it unlocks access to unforgettable experiences.

The billionaire and crypto enthusiast has invested in virtual property in Decentraland metaverse, with plans to establish a museum of rare NFTs, turning digital art into a cultural statement

In 2022, the rap icon spent $450,000 on a plot in The Sandbox, using it as a private concert venue—only accessible to NFT holders. The event showcased how blockchain is revolutionizing the entertainment industry.

Even in the virtual world, Snoop Dogg remains the king of the stage –The Coinomist
Even in the virtual world, Snoop Dogg remains the king of the stage Source: Х

For a Bitcoin millionaire, true status isn’t about watches or sports cars—it’s about digital assets that can’t be faked. NFTs, ENS domains, and metaverse events hold value that’s verifiable on the blockchain, ensuring exclusivity in a way traditional luxury never could. In this new world, authenticity is everything.

The Rise of Digital Prestige: How Crypto Millionaires Are Leading the Shift

The old definitions of wealth are crumbling. Forget stockpiling material assets—today’s elite flaunt their status through blockchain-backed assets that are fluid, provable, and designed for the digital-first world.

The rich used to hoard gold. Crypto millionaires hoard Ethereum. The old-world luxuries—mansions, yachts, and Alpine vaults—are losing relevance, overshadowed by digital assets that define the new elite. In this landscape, wealth is encrypted, and blockchain is the only true security.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

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