Cryptocurrencies
Coinbase Mafia Shows How Tight a Circle Holds Sway Over Bitcoin
- Most of the U.S. crypto power players have links to exchange
- Bored at work, Ehrsam traded Bitcoin from Goldman’s bathroom
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Coinbase Global Inc.’s filing to become a publicly-traded company provides a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape.
This U.S.-based power list starts with Brian Armstrong, the now billionaire chief executive officer of Coinbase, and his co-founder, Fred Ehrsam, who went on to create Paradigm Operations. Fellow billionaire Fred Wilson of Union Square Ventures, and Andreessen Horowitz’s Chris Dixon, are among the original venture capitalists that will reap large windfalls from the direct listing of the exchange.