A new Vanity Fair feature published on Tuesday gathered a group of crypto billionaires alongside Polychain Capital’s Olaf Carlson-Wee at a luxury Manhattan hotel.
Michael Novogratz showed up hungover from a 4 a.m. trip to a Burning Man-themed nightclub wearing a full-length silver puffer jacket.
Danny Ryan, who runs a company trying to bring Wall Street onto the blockchain, wore pants with a hole in the crotch and went barefoot.
Meltem Demirors arrived layered a diamond cross, a leopard print coat, and a black sweatsuit with “Believe in Something” bedazzled across her rear.
Cathie Wood, the ARK Invest CEO, sat for her portrait in a dark cardigan, black trousers, and a single gold brooch, in sharp contrast to the others.
They are collectively billions poorer on paper.
The total crypto market cap has shed roughly $1.4 trillion since its December 2024 peak, and Bitcoin (CRYPTO: BTC) is trading near $73,700, about half its all-time high.
Demirors had her own take on the investors who sold: “They’re all p****es.”