“No matter what, those with money will end up being fine,” he said.
The combined fortunes of the 16 richest crypto billionaires exceeded $135 billion in March, Forbes estimated. As of this week, the total was about $76 billion, but most of the loss was suffered by a single billionaire, Changpeng Zhao, the chief executive of the crypto exchange Binance, whose $65 billion fortune shrank to $17.4 billion.
Cameron and Tyler Winklevoss, whose wealth stood at $4 billion apiece before the crash, were each worth $3.3 billion this week, according to Forbes. They declined to comment.
For retail investors like Ben Thompson, 33, the reality is different. Mr. Thompson, who lives in Sydney, Australia, lost about $45,000 — half his savings — in the crash. He had dabbled in crypto since 2018 and planned to use the money to open a brewery.
“A lot of people who seemed quite reputable had a lot of confidence,” Mr. Thompson said. “The smaller people get taken advantage of.”