Bitcoin (BTC), which has decreased by 30% since May, caused many altcoins to melt.
In this process, while losses in altcoins ranged from 60% to 99%, the crypto money portfolio of many investors melted. Small investors as well as billionaires were among those whose portfolios melted.
Bloomberg’s According to the news, the Billionaires index announced how much loss billionaires experienced after the decline.
BTC and one of the names most affected by the decline in the crypto money market Brian Armstrong, CEO of Coinbase it happened.
Armstrong’s fortune, which was $8 billion in March, has now fallen to $2.2 billion.
Apart from the famous CEO of Coinbase, he is one of the founders of the exchange. Fred Ehrsam He has also lost more than 60% since the beginning of 2022, and his fortune has shrunk to $1.1 billion.
The world’s largest cryptocurrency exchange among wealth seekers Changpeng Zhao, founder of Binance there is also.
Ranked among the world’s largest billionaires in the Bloomberg wealth index in January of CZ His $96 billion fortune fell more than 80% to $16 billion.
Another crypto exchange besides CZ and Armstrong Gemini founders Tyler and Cameron Winklevoss They also lost about $2.1 billion of their fortunes, with a 40% loss.
Another crypto exchange Sam Bankman-Fried, CEO of FTX His fortune has also dwindled by almost half since March, to about $11.3 billion.
Lastly, Bloomberg took a look at Mike Novogratz, the founder of Galaxy Digital. Novogratz’s fortune fell from $8.5 billion at the beginning of November to $2.5 billion.