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Meteoric rise of bitcoin rival Ripple upends Forbes' rich list
The flip side of it is that its volatility means these new billionaires have fluctuating fortunes.
Chris Larsen, a Ripple co-founder and largest holder of Ripple tokens was briefly worth more than US$59 billion this week. If he wanted to access his wealth by selling his tokens for dollars, it would likely drive down the value of Ripple tokens - and his riches.
PHOTO: NYTIMES
San Francisco
THE virtual currency boom has gotten so heated that it is throwing the list of the world's richest people into disarray.
Consider what has happened to the founders of an upstart virtual currency known as Ripple, the value of which has...
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