Not to be mistaken as a member of the Backstreet Boys, Nic Carter is the founder of Coin Metrics and Castle Island Ventures, and his belief in Bitcoin has made him a wealthy man. Love him or hate him, Carter has become a well-respected commentator in the crypto space.
| Name: | Nic Carter |
|---|---|
| Net Worth: | $5 million |
| Companies: | Coin Metrics and Castle Island Ventures |
| Profession: | Venture capitalist |
Early Life
Carter was born in Swaziland (now Eswatini) to British parents as his father was advising the Swaziland government on agricultural policy. Nic’s father (Laurence Carter) worked for the IFC World Bank and this led to him living in various countries. Sadly, his mother passed away from cervical cancer.
Washington DC was their main base and he earned some impressive financial bona fides early on. In 2014, he graduated from St. Andrews University with a degree in Philosophy and International Relations. Later he did a master’s in Finance and Investment from the University of Edinburgh in 2017.
Carter’s interest in cryptocurrency began in 2012 during his undergraduate days. He stumbled upon Bitcoin on a forum but didn’t have much money to invest. Despite this, he still followed its progress and invested later.
Bitten By the Bitcoin Bug
Unlike others who dabbled in crypto, though, Nic Carter walked the walk. Initially, he got himself in the limelight for interviewing the President of El Salvador, Nayib Bukele. He’s worked as an investment research analyst for crypto assets at Fidelity, then co-founded a crypto financial analytics firm, Coin Metrics.
Currently he’s a founding partner at Castle Island Ventures. The startup raised $30 million during its attempt round in 2018 and has now raised around $300 million in total. Castle Island Ventures has invested in blockchain through investments in Casa, Bitwise and MoonPay. The firm is also a big believer in interest-bearing stablecoins.
The usual array of media and social media add-ons quickly followed. These included Bloomberg TV, The Times Podcast, The Verge Podcast, and so on.
Carter’s not shy about his support for Bitcoin but doesn’t classify himself as a maximalist. He received a lot of flak from the Bitcoin community for investing in other crypto projects.
Bitcoin has some of the trappings of religion, but it isn’t a religion in of itself. Don’t confound the two. It’s a monetary system based on some embedded principles. It does not offer salvation or enlightenment.
— nic 🌠 carter (@nic__carter) December 29, 2020
Wealth
Estimating Nic Carter’s wealth right now is a guessing game. Nic Carter has an estimated net worth of $5 million from investing early into crypto and venture investing.
In 2022, Nic revealed in an interview with Natalie Brunell that 100% of his wealth is in Bitcoin and crypto related startups. According to Cointelegraph.com, he lost $10 million worth of Dogecoin that was on a harddrive. He acquired Dogecoin through mining the crypto coin on a gaming rig back in 2013. Thankfully, he got over it pretty quickly.
Personal Life
With regards to his personal life, Nic Carter is a private person and is believed to be single. Hopefully, the next bull market will change his relationship status.
