Yugocean
Valued Contributor
The CEO of Microstrategy and pro-Bitcoin aficionado Michael Sylor is no longer a billionaire. Both the stock market and the cryptocurrency market are seeing the bear effect.
Effect of the Cryptocurrency Market Crash
The Bulls were hunted down by the Bear sleuth. Since the market collapse, almost every Crypto Mogul's net worth has decreased. The more than 70% decline in the price of bitcoin may has increased purchasing opportunities while decreasing existing value, and Sylor hasn't sold even one "satoshi".
Effect of a stock market dip.
Despite the claims of many that the cryptocurrency market is not a better alternative to the stock market, the stock market has also crashed (by about 14 percent), one of the biggest losers is Michael Sylor's software company Microstrategy, which saw its share price has fallen precipitously by more than 50 percent.
Sylor's net worth has decreased from $4.6 billion to roughly $700 million, according to information provided by Forbes.
Effect of the Cryptocurrency Market Crash
The Bulls were hunted down by the Bear sleuth. Since the market collapse, almost every Crypto Mogul's net worth has decreased. The more than 70% decline in the price of bitcoin may has increased purchasing opportunities while decreasing existing value, and Sylor hasn't sold even one "satoshi".
Effect of a stock market dip.
Despite the claims of many that the cryptocurrency market is not a better alternative to the stock market, the stock market has also crashed (by about 14 percent), one of the biggest losers is Michael Sylor's software company Microstrategy, which saw its share price has fallen precipitously by more than 50 percent.
Sylor's net worth has decreased from $4.6 billion to roughly $700 million, according to information provided by Forbes.
