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Brian Armstrong, Co-Founder and CEO of Coinbase, He left Bloomberg’s list of the 500 richest people in the world.
Armstrong’s net worth has fallen by more than $10 billion by July 2025. The Bloomberg Billionaires Index said it has fallen from a peak of $17.7 billion to about $7.5 billion.
Brian Armstrong’s wealth declines dramatically as Coinbase shares and the price of Bitcoin fall
This latest drop came after… JPMorgan Chase & Co He cut his price target for Coinbase shares by 27% on February 10, citing “weak cryptocurrency prices,” declining trading volume, and slowing adoption of stablecoins.
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Coinbase shares have mirrored Bitcoin’s volatility, falling 60% from their July 18 highs, while Bitcoin itself has fallen about 50% from its October 2025 all-time high of around $126,000 to below $63,000 in early February 2026.
Armstrong’s wealth was closely tied to his 14% stake in Coinbase, which is… American cryptocurrency trading platform based in New York Which he co-founded with Fred Ehrsam in 2012.
It also has investments in New Limit, a biotech startup focused on life extension, and has historically sold parts of its holdings in Coinbase over time.
Despite the book losses, Armstrong remains a billionaire, with an estimated net worth of $7.5 billion.
The impact of the cryptocurrency market decline has extended beyond Armstrong to others. Cameron and Tyler VanklevossThe two brothers who founded the Gemini platform, their net worth decreased to $ 1.9 billion each from $ 8.2 billion in October 2025.
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Gemini recently announced It plans to reduce its workforce by about 25% and scale back some of its international operations.
Michael Novogratz, CEO of Galaxy Digital, saw his wealth decline from $10.3 billion to $6.2 billion after a loss of more than expected $500 million in the fourth quarter of 2025.
Michael Saylor, co-founder of Strategy Inc., also lost about two-thirds of his wealth, bringing his net worth to $3.4 billion.
Coinbase deals with market headwinds while Armstrong remains bullish
Coinbase itself has faced operational challenges as the market has declined. Business volumes have fallen sharply, and transaction revenues in the fourth quarter of 2025 are expected to decline by 33.5% year-on-year.
Meanwhile, bettors at Polymarket see a 29% chance that Coinbase Global’s GAAP EPS in the relevant quarter will exceed $0.61.
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During the sell-off, the so-called “Coinbase premium” – the price differential between BTC on Coinbase versus other exchanges – turned negative, indicating weak US institutional demand and the possibility of outflows.
The exchange faces the additional challenge of regulatory scrutiny and competition from other cryptocurrency platforms such as Hyperliquid.
Despite the volatile environment, Armstrong maintained an optimistic long-term outlook. He has publicly stated that cryptocurrencies are “eating up financial services at an astonishing rate” and sees market declines as opportunities to build new products.
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Armstrong also predicted that the price of Bitcoin will reach $1 million in 2030, considering that the digital asset is a tool for wealth equality and financial innovation.
However, even if Armstrong’s net worth was significantly affected, his status as founder and major shareholder could strengthen over time.
Historical experience has shown that recessions strengthen the strength of surviving platforms, and Coinbase can emerge leaner and more dominant if adoption by retail and institutional traders takes off.
However, the persistent weakness of the market or so-called “Cryptocurrency winter“Full to increase the pressure on growth and test leadership strategies.
The recent wave of losses reflects the high volatility in cryptocurrency markets. While Armstrong’s exit from the Bloomberg 500 list reflects a sharp decline in fiat wealth, long-term crypto pioneers like him have withstood several market cycles since 2012.
