"Trump's Victory, Wealth Soars! Ripple's CEO Welcomes Billions in Value"
After the U.S. elections, the wealth of leaders in the crypto space saw astonishing growth. Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse became some of the biggest beneficiaries. Armstrong made $129 million by selling stocks, pushing Coinbase's market value up by $21 billion, while his personal stake increased in value by nearly $2 billion, totaling $6.4 billion. Meanwhile, Coinbase also demonstrated strong political influence during the election, donating $74 million to various political action committees (PACs).
Ripple's Garlinghouse benefited greatly as the price of XRP surged from $0.50 to $2.32. The market capitalization of XRP skyrocketed by 54.7% in just 30 days, securing its position as the third-largest digital asset by market cap. Garlinghouse holds over 6% of Ripple's shares and a substantial amount of XRP, with his personal wealth experiencing exponential growth since the elections. He stated, "The crypto market has risen by $1 trillion due to the elections; this is the power of policy change."
Additionally, top investment firms like Andreessen Horowitz (A16Z) also reaped substantial returns from the market recovery, with A16Z and Ripple donating $70 million and $73 million respectively to support related political causes. It is foreseeable that the crypto market will continue to heat up under the dual impetus of politics and capital.
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