Crypto billionaires are seeing their fortunes soar on the back bitcoin passing $90,000 this week.
After a record surge brought the price of bitcoin above $90,000 for the first time and pushed the total value of all digital assets past $3.2 trillion, crypto’s wealthiest are seeing their net worth soar. Forbes estimates that 11 top crypto billionaires, whose holdings largely consist of liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Some $24 billion, or 63% of the total increase, occurred after September 1 as the industry became increasingly bullish on Donald Trump’s ultimate victory in the presidential election on November 5.
Michael Saylor, CEO of MicroStrategy, photographed in January 2021 by Jamel Toppin for Forbes. Jamel Toppin/The Forbes Collection
Regarding percentage gains, the biggest winners were the leaders of publicly traded companies whose stocks........