Carl Runefelt is a crypto-entrepreneur and social media influencer who has built a large following by displaying his ultra-rich lifestyle, which he claims was the result of his successful investments. His Instagram and YouTube are filled with extravagant sports cars, yachts, luxury apartments and expensive watches. They paint a broad picture of a typical crypto success. A closer look at his Instagram and YouTube raises doubts about his claim to be a crypto success story.

Carl Runefelt’s origin story

Carl Runefelt, born in Stockholm on 5 September 1994 (29 at time of writing), was born clinically dead. Runefelt claims that he was clinically deceased at birth, with no heartbeat. It took doctors eleven minutes to revive him. According to Runefelt, he dropped out of high school due to ADHD-related learning problems. He didn’t work for two years, but instead partied and drank alcohol and took drugs. Carl’s family, worried about their son’s lack of direction and motivation, eventually forced him into a grocery job. However, he did not last very long because he felt that he “was supposed to do something great.”

Runefelt said in his podcast that he had decided to “become the best version of myself”.

Runefelt’s path to wealth began with a visualisation of his dream life. He focused on luxury items such as private jets and yachts. Runefelt also bought second hand Louboutins that were retailing for $1200. He browsed yachts for sale and visited Gucci and Louis Vuitton to experience a lifestyle.

Coworkers, who shared Runefelt’s billionaire dreams, responded with a predictable amount of skepticism. He admitted, “I believe, based on public perception, that people will think I am crazy.” He also admitted to telling his colleagues about Bitcoin almost daily and encouraging them to purchase it.

As sketchy as it may sound, Runefelt does indeed credit positive thinking–specifically the spiritual belief called ‘the law of attraction,’ which is based on the idea that optimistic thoughts bring prosperity and happiness–for much of his financial success.

Runefelt, while working at the supermarket, became fascinated by the world’s financial system. He began investing a part of his monthly $1,500 paycheck in physical gold and sterling silver. This was what he saw as an escape from the banks. Runefelt also attempted a few online businesses, including dropshipping and printed tee shirt sales. However, none of them worked because he realized it was too late for him to earn a profit.

Runefelt began his YouTube channel after he failed to enter the e-commerce world. He says that this experience taught him about the realities of being an entrepreneur. At the time, the price of Bitcoin was around $4,300. After 6 months, his channel grew rapidly in popularity. He began earning money through monetization and sponsorships. He was already a successful trader at that time. However, his income did not allow him to create a large enough cash flow, which Runefelt considers crucial in building wealth for future generations.

Runefelt says that while he focused primarily on Bitcoin he never stayed with it. He would jump on any altcoins he thought had explosive growth potential. Runefelt, who was a frequent attendee of crypto conferences, realized that it made no sense to remain in Sweden. He moved to Dubai a year later. He also founded The Moon Group around the same time. This venture capital company invested in 400 web3 startups in return for pre-sale tokens. Runefelt says he invests anywhere between $50,000 to $200,000 per project.

Runefelt launched Cryptojobs.com in June 2021. According to Similarweb, at the time this article was written, Cryptojobs.com had over 40,000 visitors per month, a rank of 643700 globally and an 8,000 category ranking.

Carl Runefelt’s net worth

What is Carl Runefelt’s net worth, given the income sources listed above? Runefelt has referred to his self as a “Bitcoin millionaire” on numerous occasions. However, even a superficial examination raises doubts about its accuracy. Runefelt is not listed on the Bloomberg Billionaire Index or any other publicly accessible list of world’s wealthiest people. His name also remains unknown in the crypto community.

First, although investing in cryptocurrency assets in periods of downturns is extremely profitable when bull markets finally take off, Runefelt would not be able to earn a million dollars by betting only on Bitcoin, without spending millions. This would contradict the story he told about starting at the bottom.

Runefelt stated that he began investing in Bitcoin at the Today’s VIRAL Level= Coral of $4,300 in 2017. This corresponds with March 2017 end. If he had invested $5,000 in Bitcoin each month over seven years (a generous assumption, since it’s likely he didn’t make that amount at the start of his journey at a time when BTC is at its lowest value and has the best ROI), he could have earned $3.2million at a 639 percent appreciation. These returns, while impressive, are nowhere near the billions of dollars that Runefelt says he has made.

Runefelt also claims that it has invested $50,000 to $200,000 into 400 web3 companies. Investopedia states that an investor can expect to earn a return of 179% between the ICO Price and the opening day market price. If we assume an average of $125,000 for each project, this would give Runefelt about $90,000,000 from their investments. This is still short of the claimed billion dollars.

Runefelt also earns money from various digital jobs, such as selling merchandise, monetizing his YouTube channel and TikTok and through affiliate marketing.

Carl Runefelt may have a net worth of close to 100 million dollars if the above figures are accurate. Although such wealth could be life changing for anyone, the amount is still far less than what Runefelt claims. Our estimates were based on generous assumptions. The actual net worth of Runefelt is likely only known by him and his closest circle. Crypto opportunities are often fleeting, and any assets that have been invested in digital currencies will fluctuate wildly depending on current market conditions.

Carl Runefelt, an influential, is present on several social media sites. He often shares content related to his lifestyle, cryptocurrency, and personal finances. Runefelt has an impressive presence on YouTube where he first began as a cryptocurrency influencer. Carl Runefelt has the following number of followers on his social media:

The Moon: 611k views on The Moon and 331k for Carl Runefelt’s Vlogs

Instagram: @carlrunefelt has 250k followers and @themoon @themoon @themoon @themoon @themoon @themoon @themoontwitter

TikTok: @carlrunefelt has 294k followers and @moon @2.3m.

Twitter: @TheMoonCarl has 1.3m followers

CoinMarketCap: @TheMoon 1.2k coins on @TheMoon

Carl Runefelt signed a sponsorship deal worth millions of dollars in 2022 with Ralph Boschung. Boschung is a Swiss racer who competes in the FIA Formula 2 Championship. Campos Racing was the team that Boschung belonged to. Runefelt used the agreement to promote the acceptance of cryptocurrency in the mainstream as sponsorship payments were made using crypto. In February 2024 when Boschung retired from racing, Runefelt acquired a Formula 2 as a way to honor the end of the partnership. The car, which competed successfully in both the 2022-2023 F2 season and the Media One Tower’s 40th Floor in Dubai in 2022 and in 2023 in F2, is permanently displayed in Carl’s Corporate Office. The car was equipped with a QR-code that allowed donations to be made for charities supporting Down Syndrome children.

Carl Runefelt has been known to donate regularly to organizations that support children with Down Syndrome and other disabilities. This is because he has a brother with Down syndrome. Runefelt says that his little brother has been a long-time struggle for the family because he also had a heart condition at birth and was later diagnosed with two forms of cancer.

Bottom Line

Crypto millionaires are a result of the dizzying growth of Bitcoin, as well as other crypto currencies. They tend to be young, carefree and flashy. You can see them partying in luxury yachts, or driving their Lambos off into sunsets. Social media portrays a world of success that is easy to achieve, attracting aspiring investors. It’s important to remember that the images on screen may be exaggerated and paint a very different picture from what the objective truth is. Crypto influencers should also be taken seriously, but the ostentatious displays of wealth must be treated with caution. Influencers are paid to make you feel good, not necessarily with integrity.

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Filed under: News - @ August 18, 2024 7:08 am