The deep correction in the crypto market is directly impacting the wealth of many industry leaders.
According to aggregated data from Bloomberg Billionaires Index and the movement of U.S. market stocks, Brian Armstrong, CEO of Coinbase, has fallen out of the top 500 richest people in the world. His estimated wealth decreased from about 17.7 billion USD to 7.4 billion USD in just a few months.
The COIN stock has lost more than 50% since Bitcoin peaked at 126,000 USD. In 2026 alone, this code dropped by about 27%, reflecting pressure from weakening digital asset prices and cautious investor sentiment.
Not only Armstrong, many big names in the industry also reported significant asset declines. Michael Saylor, Changpeng Zhao, and the Winklevoss twins were all affected when the market adjusted.
In this context, JPMorgan has lowered its target stock price and adjusted profit forecasts, indicating pressure on the revenues of crypto businesses as trading volumes decline.
This trend reflects the close interconnection between digital asset prices, the stock market, and the personal wealth of industry leaders.
Source: Aggregated
