FED, Shanghai Sink Stocks And Bitcoin While Crypto Billionaires List Updated For 2022
Last Updated on 7 April 2022 by CryptoTips.eu
The Federal Reserve’s hawkish tone sank global stocks while some worried that the lockdown of China’s financial centre, Shanghai, could also cause a major slide of the Middle Kingdom’s GDP output for the year. Cryptocoins followed stocks down and everything saw a broad selloff.
In the midst of all this madness, Forbes released a new listing of the world’s billionaires and even dedicated a special portion to the world of crypto alone. The list of elite billionaires who saw as from the beginning that Bitcoin and Ether were something special now has 19 billionaires on it, meaning another seven have joined since 2021.
Top 3
The number one spot remains unchanged: CEO and founder Changpeng “CZ” Zhao still heads Binance, the world’s biggest crypto exchange. Forbes estimates that CZ is worth some $65 billion and that he holds both Bitcoin and BNB, Binance’s native crypto coin.
In second place we find bad-dressed savant and Democratic donor Sam Bankman-Fried. According to the publication’s estimates, the FTX founder and CEO has now some $24 billion in his accounts.
Third is Brian Armstrong. The CEO and founder of Coinbase, had somewhat of an odd pandemic. Back in 2020, as Bitcoin started rising, his company was called out for it’s toxic workplace culture. A piece in the New York Times last year claimed that Coinbase had a clear lack of diversity. All along, Brian refused to take a stand on this.
Then last year, when Coinbase finally went public through a direct listing (in April 2021) at a crazy $100 billion valuation, it seemed like Armstrong’s time had finally come. However, the Coinbase stock could be seen steadily declining since. Still, with 19% of Coinbase shares belonging to him, Armstrong is one of the richest men in crypto.
Further down the top ten we also find Chris Larsen, who founded Ripple, and the famed Winklevoss twins who head crypto exchange Gemini.
