The US boasts 12 of the world’s 17 cryptocurrency billionaires, with Coinbase chief exec Brian Armstrong leading the pack with $11.5 billion.
The remaining five on Hurun’s crypto rich list are residents of China, barring Binance’s Changpeng Zhao, who’s listed as a resident of Singapore.
Hurun estimates the world’s crypto billionaires are together worth $62.8 billion.
It’s worth noting the top three are chiefs of cryptocurrency exchanges — Coinbase, FTX, and Binance.
Those figures alone make up nearly half of the net worth of all crypto billionaires.
[Read more: Coinbase IPO would be a world first]
Cryptocurrency remains in a legal grey area in China, with banks effectively banned from doing business with Bitcoin exchanges.
Instead, China seems content with pushing the enterprise blockchain narrative with a side of CBDCs — which can help explain the disparity between nations in Hurun’s rich list.