Novogratz, 57, whose macro fund in Fortress Investment Group was liquidated in 2015 after two years of losses, has opted for its reappearance in crypto, and has recently described Terra as a “big idea that failed.” His fortune fell to $ 2.1 billion on Monday, less than when he debuted on the Bloomberg billionaire index in December 2020, when Bitcoin was trading at around $ 29 billion.
Meanwhile, Cameron and Tyler Winklevoss watched their fortunes drop to $ 3 billion each, from $ 5.9 billion each. The 40-year-old twin founders of cryptocurrency exchange Gemini, which announced this month that it would reduce its workforce by about 10 percent, are touring with their rock band, Mars Junction.
Coinbase Global, the largest cryptocurrency exchange in the United States, terminated job offers as cryptocurrency prices continued to fall. Founders Brian Armstrong, 39, and Fred Ehrsam, 34, who previously valued $ 18.1 billion, have seen their fortunes shrink to $ 2.1 billion each as the company’s stock has fallen. 79 percent since its initial public offering.
As for Saylor, 57, he keeps his faith: he tweeted “In Bitcoin We Trust” on Monday, along with a new image of himself surrounded by lightning. Microstrategy, the founding software company that fell in value during the dot-com bubble in 2000, began buying bitcoins in 2020. Its shares closed at a high of $ 1,272 in February 2021, when Saylor’s current 2.36 million shares would have been worth $ 3 billion. Since then, they have fallen by about 88 percent.
Bukele, the 40-year-old president of El Salvador, had not tweeted about the fall of cryptography on Monday at 4:45 p.m. in New York. About a week ago was the one-year anniversary of his push to make bitcoin legal tender. At the time, it was trading at about $ 36,000.
– Bloomberg’s wealth