Home Coinbase Bitcoin, crypto and Web3 teeter on the point of a $2 trillion bubble | Enterprise

Bitcoin, crypto and Web3 teeter on the point of a $2 trillion bubble | Enterprise

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Brian Armstrong, the 38-year-old, bald-headed brainbox behind cryptocurrency alternate Coinbase, gave himself a Christmas current this yr: an immense property in LA’s Bel Air. The value was a cool $133 million (£97 million). He’s unlikely to overlook it. Armstrong’s web value shot to an estimated $9.4 billion after Coinbase’s 2021 inventory market float.

The one-time Airbnb software program engineer is just not the one individual to have come into sudden, huge wealth these days. Within the crypto world, such tales are de rigueur.

Contemplate Alex Atallah and Devin Finzer. Two years in the past, the New York thirtysomethings have been working a market for non-fungible tokens, the distinctive digital belongings generally known as NFTs. It was producing lower than $30,000 a month in gross sales. Then the world fell in love with high-priced


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