The cryptocurrency market, it seems, is still a lucrative one for some–even despite the almost year-long bear market and the recent crash that reduced the crypto market cap to below $200 billion for the first time.
Owners and CEOs of some cryptocurrency businesses (most notably, exchanges) have still made a profit despite the harsh conditions. And the latest of these visionaries to be smiling is Brian Armstrong.
The 35-year-old graduate of Rice University currently serves as co-founder and CEO of Coinbase, the largest cryptocurrency exchange in the United States.
With the company recently securing a $300 million funding round (which was led by Tiger Global Management), its value has hit an all-time high of $8 billion. This means that Armstrong has joined some of his compatriots in the “two comma club,” with his net worth skyrocketing to $1.3 billion, up from the estimated value between $900 million and $1 billion earlier this year.
MoneyMakers |
https://www.moneymakers.com/coinbase-ceo-brian-armstrong-becomes-latest-crypto-billionaire/
