Glossary
Definition
Cryptocurrency
A digital or virtual currency secured by cryptography.
Cryptocurrency is a form of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. Bitcoin, created in 2009, was the first; Ethereum followed in 2015. Several billionaires have significant wealth in crypto assets. Crypto valuations are highly volatile.
Frequently Asked Questions
How does crypto affect billionaire net worth calculations?
Cryptocurrency holdings are generally harder to value and less visible than public company equity stakes. Crypto billionaires' net worths are more volatile and less reliably estimated than those with primarily stock-based wealth.