Brian Armstrong is poised to grow to be one of many richest folks on this planet after Coinbase International Inc. goes public Wednesday.
Coinbase, co-founded by Mr. Armstrong in 2012, runs the most important bitcoin alternate within the U.S. and is about to grow to be the first major cryptocurrency-focused company to go public within the nation. It’s anticipated to fetch a valuation of between $65 billion and $100 billion, which may make Mr. Armstrong’s 20% stake value as much as $20 billion.
That will put the 38-year-old chief govt among the many 100 wealthiest folks on this planet, based mostly on Forbes’ most up-to-date billionaires checklist.
But Mr. Armstrong stays largely unknown exterior crypto circles and is one thing of an enigma inside them. He isn’t the everyday, brash Silicon Valley founder or crypto evangelist. He hardly ever talks within the press and attends few conferences. His Twitter account is, by that platform’s requirements, unusually tranquil.
What propels him, a variety of individuals who have labored with him mentioned, is a steadfast deal with bringing bitcoin to the masses.