Coinbase price projections slashed by analysts ahead of earnings; shares down ~34% YTD, trading near $149
first published 2026-02-11T07:40:44Z
Brian Armstrong’s net worth dropped from a $17.7B peak seven months ago to about $7.5B after roughly a $10B decline tied to Coinbase share volatility following a 27% price-target cut by JPMorgan. The piece also notes broader crypto-wealth declines for major industry figures (Winklevoss twins, Mike Novogratz, Michael Saylor) and references Binance founder Changpeng Zhao’s large tied valuation.
AI Analysis
Armstrong’s net worth fell from $17.7B to ~$7.5B after roughly a $10B drop; JPMorgan’s 27% cut to Coinbase’s price target is cited as contributing to share volatility. The facts point to negative market pressure on Coinbase equity and related valuations, which is directly relevant to short-term trading.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
