When it comes to investors who have grown rich on cryptocurrency would be appropriate saying “How come and gone.” The sharp fall of the market in 2018 has led to the fact that the leading cryptocurrency, bitcoin lost half its value. This decline has once again demonstrated the extreme volatility of the emerging industry.
Two months ago, Forbes magazine published the rating of the business, which has the largest capital in the cryptocurrency. Their assessment at the moment — in a new Forbes material.
Co-founder and Executive Chairman Ripple, and Chris Larsen (Chris Larsen), who led the February rankings, lost roughly $5 billion net worth in cryptocurrency Larsen declined from $8 billion to $3 billion, and it is the sharp jump down. Note, as Larsen, in token of Ripple XRP in the beginning of 2018, among other things, allowed him to get into the list of the richest people in the world.
As representatives of Ripple, currently more than 100 financial institutions use their blockchain-based platform in order to increase the speed of financial transactions. However, the cost of the tokens, XRP has dropped to 1/3 of the figure two months ago.
Another early Ripple investor, American billionaire Matthew Mellon (Mellon Matthew), as the cryptocurrency which two months ago was close to $1 billion, now has assets whose cost ranges from $300 to $400 million.
The first bitcoin billionaire twin brothers Cameron (Cameron Winklevoss) and Tyler Winklevoss (Tyler Winklevoss), who founded the venture capital company, Winklevoss Capital and cryptocurrency trading platform Gemini, two months has lost about 1/3 of their capital. According to Forbes, is now as famous brothers can be estimated at $600 – $700 million. it is Noteworthy that the twins have invested in bitcoin even back in 2012 and since then has never changed its cryptopidonia. Thus, in the event the American Museum of Finance, held in February in new York, Tyler Winklevoss said that 2018 will be the year when Wall Street “will flood wave of cryptocurrency”.
As for the Ethereum co-founder Vitalik Buterin, the falling cost of air led to the loss of more than half of its crypto-currency status: the current cost of owned scriptaction is estimated at $100 – $200 million Despite the fact that the popularity of the Ethereum platform continues to grow rapidly, attracting new cryptocurrency projects, the rate of the air is known to have declined as rapidly — from $1000 to $400.
Markets of virtual currencies, of course, are priced much higher than it was in the summer of 2017, but the collapse of the courses cryptocurrency in 2018 put optimistic forecasts into question.
In search of the reasons for the sharp decline in rates of digital currencies Forbes journalists turned to the experts. So, co-founder and managing partner of investment company Capital Blockchain specializing in kriptonsite, Bart Stephens (Bart Stephens), has indicated that investors could be alerted to potential government intervention in the activities of cryptocurrency exchanges.
“If the American regulators will take decisive action if the exchange will fall under the pressure of regulators, this will significantly hamper liquidity. The enemy is the investment — uncertainty. When You don’t know the rules of the road, it is difficult to understand to go on the right side or the left side, at a speed of 15 miles per hour or 50 miles per hour,” said Bart Stephens.
According to partner and founder of the new York cryptocurrency hedge Fund Capital Tetras Sunnarborg Alex (Alex Sunnarborg), the decline was caused by a lack of new cash inflows at the market. According to him, last fall, the influx of retail investors has pushed the exchange rates up, and now “in order to support such courses should take place more capital inflows”.
“People had hoped that institutional capital was just around the corner,” said Alex Sunnarborg.
We will remind, well-known stock analyst Tom Lee advises investors to be patient and stick “tactics of containment”.
