The recent release of the popular Fortune’s 40 under 40 list not only consolidates but also brings the world’s attention to the astonishing growth digital currency has had over the brief years of its existence. Finally finding its way into the contemporary culture, for the very first time, the 40 under 40 list now includes Crypto Icons and influencers. Usher in Brian Armstrong, a 24-year-old Russian-Canadian programmer, who not only sits 20th on the list but also does one more above world-renowned hip-hop superstar, Rihanna! This is not the even the real story.
Crypto Magnates Takes Over Fortune’s 40 under 40
Fortune’s 40 under 40 began its story in 2012 and according to its official website, is an acclaimed “annual ranking of the most influential young people in business.” Last year’s release, 2017, boasted French president, Emmanuel Macron and popular Tennis player, Serena Williams, amongst other young influencers.
This year’s list for the first time boasts an interesting number of Crypto entrepreneurs high on the list with Coinbase CEO and co-founder Brian Armstrong occupying the 20th spot and Ethereum Founder Vitalik Buterin, occupying the 22nd spot. Vlad Tenev, the founder of Robinhood, follows closely behind at number 24.
The list has caused a welcome ripple, albeit gentle, across the Crypto world. Adam Draper, Boost VC Founder, was one of the first excited figures to share the news in an increasingly popular tweet:
“This is awesome! @brian_armstrong and @VitalikButerin and @vladtenev are ranked #20 and #22 and #24 on the @FortuneMagazine #40Under40. #21 is @rihanna! ‘#Crypto is as big as #Riri’ – new slogan for our industry.”
It is also important to note that Buterin made it onto the 40 under 40 last year when Ethereum’s market cap was just $1 billion. Now, in his second year, the market cap of Ethereum sits a staggering $30 billion!
Coinbase Explosive Growth
Aside Ethereum (ETH), Coinbase also has experienced notable massive growth in its own right. Brian Armstrong, alongside co-founder Fred Ehrsam, has overseen the Coinbase explosive rise since its inception in 2012. The platform currently has over 13 million users across 190 countries. Last year, Coinbase became one of only five crypto companies at the time to obtain a BitLicense from the New York Department of Financial Services.
This recent development —Fortune’s 40 under 40— no matter how soft, is a testament to how far cryptocurrency has gone from deep internet curiosity to global financial reality. We can only expect to see more of these in the coming years.