Bitcoin Slide Drops Coinbase CEO Brian Armstrong From World's 500 Richest

Coinbase CEO Brian Armstrong has lost more than $10 billion since July 2025, with his net worth falling from $17.7 billion to roughly $7.5 billion and removing him from Bloomberg’s list of the world’s 500 richest people. The broader crypto sell-off wiped about $2 trillion from the market as Bitcoin slid from a roughly $126,000 peak to around $60,000, a drop of about 52% that erased over $60 billion from cryptocurrency billionaires' combined wealth.

JPMorgan cut its price target for Coinbase by 27% on February 10, citing softer crypto prices, declining trading volumes and slower stablecoin adoption. Coinbase shares have mirrored Bitcoin’s volatility, falling about 60% from a July 18 high, and Armstrong’s wealth is closely tied to his roughly 14% stake in the exchange; he also holds investments in longevity startup NewLimit and has historically sold portions of his Coinbase holdings.

The slump has affected other industry figures as well.

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