Bitcoin Price Drop Below $67,000 Pushes Coinbase CEO Brian Armstrong Out of World’s 500 Richest
Brian Armstrong, co-founder and CEO of Coinbase, has dropped out of Bloomberg’s record of the world’s 500 richest folks.
Armstrong’s web price has fallen by greater than $10 billion since July 2025. According to the Bloomberg Billionaires Index, it’s down from a peak of $17.7 billion to round $7.5 billion.
Brian Armstrong’s Wealth Plummets as Coinbase Shares and Bitcoin Price Slide
The newest slide comes after JPMorgan Chase & Co. minimize its worth goal for Coinbase inventory by 27% on February 10, citing “softness in crypto costs,” declining buying and selling volumes, and slower stablecoin adoption.
Coinbase shares have mirrored Bitcoin’s volatility, falling 60% from a July 18 high, whereas Bitcoin itself has dropped almost 50% from its early October 2025 all-time high of round $126,000 to beneath $63,000 as of early February 2026.
Armstrong’s wealth is carefully tied to his 14% stake in Coinbase, the New York-based crypto trading platform he co-founded with Fred Ehrsam in 2012.
He additionally holds investments in NewRestrict, a biotech startup centered on longevity, and has traditionally bought parts of his Coinbase holdings over time.
Despite the sharp paper losses, Armstrong stays a billionaire, together with his web price estimated at roughly $7.5 billion.
The affect of the crypto hunch extends past Armstrong. Cameron and Tyler Winklevoss, co-founders of Gemini, have seen their web worths fall to $1.9 billion every from $8.2 billion in October 2025.
Gemini just lately announced plans to chop roughly 25% of its workforce and reduce some worldwide operations.
Michael Novogratz, CEO of Galaxy Digital, noticed his fortune shrink from $10.3 billion to $6.2 billion following a greater-than-expected $500 million loss in This autumn 2025.
Strategy Inc. co-founder Michael Saylor additionally misplaced about two-thirds of his wealth, bringing his web price to $3.4 billion.
Coinbase Navigates Market Headwinds While Armstrong Stays Bullish
Coinbase itself has confronted operational headwinds amid the market downturn. Trading volumes have dropped sharply, and This autumn 2025 transaction income is projected to say no 33.5% 12 months over 12 months.
Meanwhile, Polymarket betters see a 29% probability that Coinbase Global’s GAAP EPS for the related quarter will beat $0.61.
During the sell-off, the “Coinbase premium”—the value hole between BTC on Coinbase versus different exchanges—turned detrimental. This signifies weaker US institutional demand and potential outflows.
The alternate is additional challenged by regulatory scrutiny and competition from other crypto platforms like Hyperliquid.
Despite the turbulent atmosphere, Armstrong has maintained a bullish long-term outlook. He has publicly described crypto as “consuming monetary providers at an unbelievable fee” and views market slumps as alternatives to construct new merchandise.
Armstrong has additionally predicted that Bitcoin could reach $1 million by 2030, framing the digital asset as a instrument for wealth equalization and monetary innovation.
However, whereas Armstrong’s web price has been closely impacted, his place as a founder and main shareholder might strengthen over time.
Historically, downturns have consolidated energy amongst surviving platforms, and Coinbase could emerge leaner and extra dominant if retail and institutional adoption rebounds.
Nevertheless, extended market weak spot or a full “crypto winter” might stress progress and check management methods.
The current wave of losses displays the high volatility of crypto markets. While Armstrong’s exit from Bloomberg’s prime 500 displays a pointy contraction in paper wealth, long-term crypto pioneers like him have weathered a number of market cycles since 2012.
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