- Jackson Zeng made a $1,000 Bitcoin investment in 2013 that grew his net worth to $88 million.
- His early investment led to co-founding the Australian crypto exchange Swyftx in 2017.
- Swyftx was acquired by Caleb and Brown in 2024 for $200 million, with Zeng named CEO.
- Bitcoin’s price reached approximately $190,000 in 2025, multiplying Zeng’s investment by about 1,900 times.
- Initially opposed by his parents, Zeng’s family now supports his success after his wealth and accomplishments grew substantially.
Jackson Zeng, once a university student in Sydney, transformed his $1,000 Bitcoin investment in 2013 into a net worth of $88 million by 2025. This investment success allowed him to co-found the Australian cryptocurrency exchange Swyftx. In 2024, the exchange was acquired by the investment firm Caleb and Brown for $200 million, with Zeng appointed as CEO.
Bitcoin, a digital currency known for volatility, surged to about $190,000 per coin in 2025. Zeng had purchased Bitcoin when it was priced around $100 per coin, resulting in his holdings growing approximately 1,900 times in value. The acquisition of Swyftx was designed to boost Caleb and Brown’s presence in the retail crypto market while maintaining Swyftx’s brand.
Zeng recalled his parents’ reaction to his initial investment as negative, quoting them: “My parents were horrified by my decision to invest in Bitcoin. They thought I was throwing my money away.” Despite this, he held on to his investment through the ups and downs of the market.
After founding Swyftx in 2017, Zeng’s leadership saw the company grow into one of Australia’s leading crypto exchanges. Following the 2024 acquisition, he became CEO of Caleb and Brown. Reflecting on his financial growth, Zeng stated: “I’m now one of Australia’s richest people under 30.”
The journey highlights the potential rewards of early adoption of cryptocurrencies like Bitcoin, even when initial support is lacking. Zeng’s family, once opposed to the investment, now takes pride in his success. The deal is seen as an opportunity to expand Caleb and Brown’s retail reach while preserving Swyftx’s market position.
For more details, visit the Bitcoin investment success article.
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