Crypto Billionaires among Biggest Losers of 2025: Bloomberg
Several crypto billionaires, including Michael Saylor and the Winklevoss twins, suffered massive net worth losses in 2025 following an October flash crash.Summary
According to the Bloomberg Billionaires Index, prominent cryptocurrency executives experienced significant wealth reductions in 2025, largely due to an October flash crash. Strategy executive chairman Michael Saylor lost $2.6 billion, reducing his net worth to $3.8 billion, as Strategy's stock price plummeted after Bitcoin's peak. Gemini co-founders Cameron and Tyler Winklevoss and former Binance CEO Changpeng “CZ” Zhao also incurred substantial losses; the Winklevosses lost 59% of their net worth since January 1st. While many industry figures lost wealth, Circle CEO Jeremy Allaire saw his net worth increase by 149% following the passage of the GENIUS Act stablecoin bill. Bitcoin itself declined about 7% since January 1, 2025, falling from an October high of over $126,000 to around $80,000 by late November.
(Source：Cointelegraph)