Michael Saylor e Winklevoss lideram perdas bilionárias em criptomoedas em 2025

Os gigantes do Bitcoin viram suas fortunas digitais evaporarem.

O ano de 2025 entrou para a história como um dos mais brutais para os grandes nomes do cripto. Não foi uma correção de rotina, mas um verdadeiro abalo sísmico que atingiu os portfólios mais robustos. Figuras que antes personificavam o sucesso absoluto no setor agora encabeçam uma lista de perdas que desafia a imaginação.

O Efeito Dominó dos Bilionários

A queda não poupou ninguém. A narrativa de 'HODL' eterno foi posta à prova de forma implacável. Estratégias que funcionaram em ciclos anteriores mostraram suas fraquezas quando o mercado decidiu se mover na direção oposta com uma convicção rara. A liquidez, muitas vezes dada como certa, simplesmente desapareceu nos momentos mais críticos.

Lições Caras em Alta Definição

A volatilidade extrema provou ser uma faca de dois gumes. A alavancagem, a ferramenta preferida para amplificar ganhos, tornou-se o mecanismo perfeito para acelerar as perdas. Diversificação? Em um bear market generalizado, a correlação entre ativos digitais tende a 1 – tudo cai junto. Uma lição de humildade para quem acreditava ter domado o mercado, mostrando que, no final, até os oráculos da criptoeconomia podem se tornar exemplos clássicos de gestão de risco – do tipo 'como não fazer'.

O setor agora enfrenta seu momento mais desafiador, forçando uma reavaliação completa de dogmas e estratégias. A próxima onda de adoção, se vier, será construída sobre os escombros dessas perdas monumentais – e com uma aversão ao risco que faria um banqueiro central tradicional parecer um apostador de casino.

Early winners locked in gains as IPOs, fees, and dividends piled up

But Circle CEO Jeremy Allaire came out ahead, as USDC ended the year still the world’s second‑largest stablecoin with more than $77 billion in circulation.

Tether is of course still bigger at $186 billion, but Circle still pushed through an upsized IPO at a $6.9 billion valuation. Its stock CRCL remains 168% higher despite cooling from June after an astounding rally that left Wall Street as baffled as it was impressed.

Cryptopolitan previously reported that Circle saw $214 million in third‑quarter net income, up over 200% from a year earlier.

Tether founder Giancarlo Devasini also won, as Tether expanded USDT supply by more than 15% and paid out over $10 billion in dividends to owners. Giancarlo’s net worth reached $13.2 billion, and there are currently talks around raising $20 billion at a valuation that could hit $500 billion, a level that would place him on top of crypto wealth rankings at roughly $225 billion.

Figure Technology founder Mike Cagney balled out too after the company went public in September at a $6.6 billion valuation. Mike’s stake put his wealth at $2.1 billion, from $1 billion less than a year ago.

Meanwhile, Galaxy’s Mike Novogratz used volume, not price to boost his net worth. Galaxy Digital oversaw holdings for at least 20 corporate treasury companies, which translated into fees.

Galaxy’s third‑quarter gross revenue reached $28.4 billion, more than 200% higher year over year, pushing Mike’s net worth to $6.7 billion.

Crypto executives held ground amid lawsuits, ETFs, and rapid industry expansion

Grayscale CEO Barry Silbert returned to leadership after stepping aside in late 2023 during scrutiny tied to the collapse of Genesis, though lawsuits related to that are still active as of press time.

Still, Grayscale pushed toward an IPO, and in October, Barry launched Yuma Asset Management, targeting AI infrastructure through the Bittensor network and pushing his net worth to $3.1 billion.

Bullish CEO Brendan Blumer also took his company public in October at a $5.4 billion valuation, with a focus mainly on institutional clients. Then Bullish gained a New York license in September and launched US services the next month.

But Brendan also co‑founded Block.one, which raised $4.2 billion through EOS, a token that later lost most of its value.

Brendan dropped his US citizenship in 2020, and bought a $200 million villa in Sardinia this year, shortly after his net worth reached $1.8 billion from $990 billion.

Coinbase founder and CEO Brian Armstrong made his company enter stock trading, prediction markets, tokenized assets, and joined the S&P 500, all this year. But the COIN stock ended the year near where it started and Brian’s wealth stayed around $11 billion.

Meanwhile, Changpeng “CZ” Zhao stayed steady at $50.9 billion. In October, Cryptopolitan reported that Trump pardoned him for earlier money‑laundering violations after he served four months.

Binance secured a $2 billion investment from an Abu Dhabi‑linked firm using a stablecoin issued by Trump’s World Liberty Financial and provided technology support. Asked about the pardon, Trump said he did not know CZ and “heard it was a Biden witch hunt.”

Binance has officially begun planning a US reboot.

Ripple’s Chris Larsen closed a long case and paid a civil penalty to end its SEC dispute without admitting wrongdoing. Chris holds more than $5 billion in XRP, and Ripple raised $500 million at a $40 billion valuation in November, adding him to the uber rich list at $14.6 billion.

Justin Sun stayed visible. The SEC paused a fraud lawsuit, and Justin attended conferences around the world, dined with Trump privately, and flew briefly on a Blue Origin rocket.

His Tron blockchain processed over $20 billion a day tied to stablecoins and became a public treasury company.

Though in September, Trump memecoins Justin bought for a presidential dinner were frozen amid speculation of sales. So his net worth fell to $10.3 billion, driven by token declines blamed on him by the crypto community.

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