Last night I saw a piece of news that made my heart skip a beat. Coinbase CEO Brian Armstrong has dropped out of the top 500 richest people in the world. A while ago, his peak net worth was around 17 billion USD, and now he's down to about 7.5 billion USD. To be honest, 7.5 billion still sounds like an astronomical number, but compared to the "crypto new riches" halo before, the gap is really huge. The key reason is that the stock price has crashed too hard. COIN's stock has plummeted from its high of $419 in July, down more than 60%. Coupled with the chain reaction in October, even Bitcoin was directly halved. Sometimes I really feel that the crypto world is too brutal. Bull markets crown gods, bear markets immediately revert to their original form. A few months ago, we were still saying "the crypto industry has become mainstream," and now even the billionaire list is starting to shuffle. Honestly, looking at those few candlesticks on my own account makes my scalp tingle. While others have fallen out of the top 500, I’ve directly fallen out of the top 100 in sleep quality.