Why Did Crypto Billionaires Lose 70% While Tech Tripled?
In November 2021, two men held nearly identical fortunes. Changpeng Zhao, founder of Binance, was worth approximately $96 billion. Mark Zuckerberg, founder of Meta, held roughly $97 billion. Three years later, Zuckerberg’s wealth exceeded $180 billion. Zhao’s had fallen to somewhere between $33 and $53 billion depending on the source, accompanied by a criminal conviction, a $4.3 billion fine, and a prison sentence. The divergence between technology and cryptocurrency billionaires represents one of the most… Why Did Crypto Billionaires Lose 70% While Tech Tripled?