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<p>Coinbase CEO Brian Armstrong drops out of Bloomberg’s Top 500 Rich List!

His net worth has fallen over $10B from a peak of $17.7B to about $7.5B as crypto markets slump.

Coinbase stock is down nearly 60% from July highs, mirroring Bitcoin’s volatility. JPMorgan also cut Coinbase’s price target by 27%, citing weak crypto prices, lower trading volume and slow stablecoin growth.

Most of Armstrong’s wealth comes from his 14% stake in Coinbase and many other crypto billionaires have also slipped down the rich list as the market cools.</p>

Coinbase CEO Brian Armstrong drops out of Bloomberg’s Top 500 Rich List!
His net worth has fallen over $10B from a peak of $17.7B to about $7.5B as crypto markets slump.
Coinbase stock is down nearly 60% from July highs, mirroring Bitcoin’s volatility. JPMorgan also cut Coinbase’s price target by 27%, citing weak crypto prices, lower trading volume and slow stablecoin growth.
Most of Armstrong’s wealth comes from his 14% stake in Coinbase and many other crypto billionaires have also slipped down

Coinbase CEO Brian Armstrong drops out of Bloomberg’s Top 500 Rich List! His net worth has fallen over $10B from a peak of $17.7B to about $7.5B as crypto markets slump. Coinbase stock is down nearly 60% from July highs, mirroring Bitcoin’s volatility. JPMorgan also cut Coinbase’s price target by 27%, citing weak crypto prices, lower trading volume and slow stablecoin growth. Most of Armstrong’s wealth comes from his 14% stake in Coinbase and many other crypto billionaires have also slipped down the rich list as the market cools.

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