Last night, I saw a piece of news that really hit me hard. Coinbase CEO Brian Armstrong has fallen out of the top 500 richest people in the world. His peak net worth was around $17 billion a while ago, now it's only around $7.5 billion. To be honest, $7.5 billion still sounds like an astronomical figure, but compared to his previous "crypto tycoon" aura, the drop is huge. The key issue is the drastic stock price collapse. Coin has plummeted by more than 60% from its high of $419 in July. Adding to that, the chain reaction in October even halved Bitcoin's value. Sometimes I really feel that the crypto world is too cruel. A bull market can make you a god, a bear market can wipe you out completely. Just a few months ago, people were saying "crypto has become mainstream," and now even the rich list is being reshuffled. Frankly, looking at the candlestick charts in my own account gives me the creeps. While others fell out of the top 500, I fell directly out of the top 100 in sleep quality.
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