Brian Armstrong, co-founder and CEO of Coinbase, has fallen out of Bloomberg’s list of the world’s 500 richest people as Bitcoin dropped below $67,000. His net worth has plunged by more than $10 billion since July 2025, from a peak of $17.7 billion to approximately $7.5 billion. Armstrong’s wealth is closely tied to his 14% stake in Coinbase.

Coinbase shares have mirrored Bitcoin’s volatility, falling 60% from a July 18 high, while Bitcoin itself has dropped nearly 50% from its early October 2025 all-time high of around $126,000. JPMorgan Chase & Co. recently cut Coinbase’s price target by 27%, citing declining trading volumes and slower stablecoin adoption. The exchange faces additional headwinds including regulatory scrutiny and competition from platforms like Hyperliquid.

Despite losing his spot among the world’s wealthiest, Armstrong remains a billionaire and has maintained a bullish long-term outlook. He has publicly predicted Bitcoin could reach $1 million by 2030 and views market slumps as opportunities to build new products. While the recent losses reflect crypto market volatility, Armstrong’s position as a founder and major shareholder could strengthen over time if the market recovers.