The world of crypto may have been hit with violent tribulations this year, however, crypto entrepreneur Brian Armstrong has just hit a landmark billionaire valuation.
The 35-year-old tech entrepreneur is the co-founder and CEO of Coinbase– the largest cryptocurrency exchange in the US.
At Coinbase, we believe that cryptocurrencies and the technologies that power them represent a breakthrough in computer science that will change both the internet and the global financial system for the better. pic.twitter.com/soaFnatNoH
— Coinbase (@coinbase) October 30, 2018
In January, Forbes had estimated that Armstrong’s net worth was between $900m and $1bn.
“He went out to raise $1m, and fell short. He only raised $600k of the round at a $10m valuation.”
And today Coinbase is valued at 8Bn. Go Brian & team 👏 https://t.co/VwxYPVZ8LR
— Jori Lallo (@jorilallo) October 31, 2018
After launching his company in 2012, Armstrong wanted to allow people to purchase cryptocurrencies with bank transfers and cards.
From his early days, Armstrong saw the Internet as a tool to bring about a change in society. And it was when he came across a whitepaper written by Satoshi Nakamoto that he became increasingly interested in the financial system and digital currency.
The San Francisco- based company has recently received an investment of $300m at a valuation of $8bn.