Brian Armstrong became one of the wealthiest people on the planet after Coinbase Global Inc. went public Wednesday.
Coinbase, co-founded by Mr. Armstrong in 2012, runs the largest bitcoin exchange in the U.S. and was the very first significant cryptocurrency-focused company to go public in the nation. At the close of the first day of trading, it brought an evaluation of about $85 billion, which would make Mr. Armstrongs 20% stake worth about $17 billion. That puts the 38-year-old president among the wealthiest individuals in the world, based on Forbes billionaires list.
Mr. Armstrong stays mainly unidentified outside crypto circles and is something of an enigma within them. He isnt the common, bold Silicon Valley founder or crypto evangelist.
What propels him, a number of people who have actually worked with him stated, is an unfaltering concentrate on bringing bitcoin to the masses.
Mr. Armstrong was an early lover of bitcoin. Presented in 2008 by the pseudonymous Satoshi Nakamoto, bitcoin was created as a digital variation of money.