Wealth of Coinbase founder Brian Armstrong and the Winklevoss twins is at risk. Armstrong, , has seen his personal fortune shrink by $11 billion.
is one of the billionaires whose investments have lost $20 billion in value. Tesla, which gambled $1.5 billion on Bitcoin in February, has already seen its bet fail.
Tyler and Cameron Winklevoss are said to have lost half of their fortune, dropping from $4.5 billion to $2.2 billion.
Some of the world's cryptocurrency billionaires are having their fortunes wiped out as the value of digital currencies plummets due to concerns about the global economy.
CEO of software firm MicroStrategy, is one of the world's largest Bitcoin investors, with a fortune of $2.5 billion, down from $8.5 billion six months ago.
Michael Novogratz, the CEO of crypto merchant bank Galaxy Digital, may have seen his fortune collapse from $8.5 billion to $2.5 billion.
Since the end of March, when it was trading at $48,000, Bitcoin, the world's most successful cryptocurrency, has lost nearly a third of its value.
Today, digital currencies are losing value in a so-called "crypto winter" that has cost investors billions of dollars and is fueling stock market meltdown.
The world's second largest cryptocurrency Ethereum has joined the crash - plummeting in value by 20 per cent over the last 24 hours - in the digital downturn that is hammering investors who bought during the Covid years.