Bitcoin Price Drop Below $67,000 Pushes Coinbase CEO Brian Armstrong Out of World’s 500 Richest

Coinbase co-founder and CEO Brian Armstrong has fallen out of Bloomberg's list of the world's 500 richest people, with his net worth plummeting from a peak of $17.7 billion to around $7.5 billion. This decline is attributed to the sharp drop in Bitcoin's price (below $63,000 in early February 2026) and a 60% fall in Coinbase shares since July 2025. JPMorgan Chase & Co. further impacted Coinbase by cutting its price target, citing soft crypto prices and declining trading volumes. Armstrong's wealth is primarily tied to his 14% stake in Coinbase. The broader crypto market downturn has also heavily impacted other figures, such as the Winklevoss twins and Michael Novogratz. Despite these paper losses and operational headwinds like lower trading volumes for Coinbase, Armstrong remains long-term bullish on crypto, viewing market slumps as building opportunities and predicting Bitcoin could reach $1 million by 2030.

(Source：BeInCrypto)