Nvidia logo and sign on headquarters building - Santa Clara, California, USA - 2021
In the ever-evolving landscape of technology, few stories are as striking as that of Nvidia (NASDAQ: NVDA) and its visionary CEO, Jensen Huang. With the semiconductor giant’s stock soaring, Huang’s personal wealth has skyrocketed, positioning him among the world’s wealthiest individuals. As of October 7, 2024, Huang holds a staggering 861 million NVDA shares, each valued at $124.29, translating his net worth to approximately $107 billion. This monumental figure underscores how Nvidia’s ascent has not only enriched investors but also catapulted Huang to financial heights surpassing some of his corporate rivals.
Nvidia vs. Intel – A Wealth Disparity
Huang’s net worth eclipses that of Intel (NASDAQ: INTC), whose market capitalization recently plummeted to $96.59 billion amid severe challenges. The contrast between Nvidia and Intel illustrates a broader trend within the semiconductor industry, where competition is fierce and market dynamics shift rapidly. As Nvidia continues to thrive, Huang’s wealth grows, raising an intriguing question: Could his net worth soon surpass the valuations of all Nvidia’s rivals?
The AMD Challenge
While Huang’s wealth is monumental, it faces a significant hurdle in the form of Advanced Micro Devices (NASDAQ: AMD). AMD shares, priced at $170.95, contribute to a market valuation of $276.59 billion—a figure that dwarfs Intel’s. For Huang’s net worth to eclipse AMD’s valuation, Nvidia stock would need to surge by an astonishing 158%, pushing its market cap from $3.064 trillion to $7.9 trillion. Such growth would require Nvidia to achieve unprecedented heights in a relatively short timeframe.
Is a $276 Billion Net Worth Possible?
Though the idea of Huang reaching a net worth of $276 billion may seem far-fetched, the trajectory of corporate valuations suggests that extraordinary growth is not impossible. In just over a decade, the landscape has shifted dramatically. For instance, it took only 12 years from the emergence of the first $100 billion company, General Electric (NYSE: GE), in 1995, to the birth of the first $1 trillion firm, PetroChina (SHA: 601857), in 2007. As of 2024, seven corporations have reached the trillion-dollar mark, signaling a trend toward accelerated growth.
Nvidia’s recent resurgence is fueled by soaring demand for its products, particularly the Blackwell chip, which Huang described as generating “insane” interest. Moreover, the company’s ambitious plans to revolutionize artificial intelligence (AI) infrastructure with new innovations each year present a lucrative avenue for future growth. If successful, these advancements could reduce costs for AI-driven companies by two to three times annually, providing Nvidia shares with a robust path for expansion.
Despite this optimistic outlook, Nvidia’s growth is far from guaranteed. Experts caution that the stock may already be overvalued, and the potential bursting of the AI bubble looms large. Investors remain wary of market fluctuations, and any missteps in Nvidia’s ambitious plans could lead to significant repercussions for both the company and Huang’s wealth.
The last twelve months have been nothing short of remarkable for Nvidia, with stock prices soaring 174.49% to reach $124.29. Huang’s personal wealth reflects this explosive growth and highlights the transformative power of innovation in technology. While challenges remain, the potential for Nvidia to continue its ascent in the semiconductor landscape—and for Huang to further increase his already staggering wealth—remains a captivating narrative to watch. The intersection of technology, finance, and visionary leadership continues to redefine the parameters of success in today’s fast-paced market.
ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.
Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.
On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address.
The proposal initially attracted skepticism, with several DAO members calling for verification before advancing the proposal. Bybit shared a verification post on its official X account on March 5, confirming that it was behind the proposal to return the funds.
The FOMC concluded its latest meeting by announcing that it will not cut US interest rates. This decision was largely priced in, and the crypto market hasn’t seriously suffered.
Rate cuts would’ve provided a bullish narrative to juice fresh investment, which the market desperately needs. Bearish signals are growing alongside fears of a US recession.
However, the FOMC made its report to the public and claimed that no rate cuts would be taking place.
“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty around the economic outlook has increased. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4.25% to 4.5%,” it said.
This news more or less fits with the industry’s expectations. Fed Chair Jerome Powell already clearly stated that the FOMC doesn’t plan to cut interest rates.
The industry hoped that rate cuts could provide a bullish narrative, especially while the markets are afraid. For now, it seems like it’ll need to find an optimistic signal somewhere else.
Despite uncertainty from tariffs and bold fiscal policies, officials expect interest rates to drop by another half percentage point by 2025. Since the Fed typically adjusts rates in 0.25% steps, that means we’re likely to see two cuts this year.
Federal Reserves Still Project Two Rate Cuts This Year. Source: CNBC
Rate cuts would be bullish for investors, especially for risk-on assets like cryptoassets. However, this isn’t the Federal Reserve’s only concern. The FOMC alluded to its “dual mandate” when denying rate cuts. In other words, it needs to juggle investor concerns with consumer inflation fears, uncertainty around Trump’s tariffs, and a possible US recession.
If the FOMC were to slash interest rates, it would likely boost US inflation. The most recent CPI report was better than expected, and some in the industry hoped that this would build confidence. Ultimately, the main hopes rested with President Trump, who personally advocated for rate cuts. However, he didn’t make a major intervention.
It’s not all bad, though. The FOMC also announced would slow Quantitative tightening (QT) by reducing the monthly redemption cap on Treasury securities from $25 billion to $5 billion.
Some members of the community were pleased by this news, as slower QT can increase market liquidity. This announcement is at least some consolation for investors.
In any event, this lack of rate cuts was expected and priced in. The FOMC didn’t shock anybody by refusing to cut interest rates, and the market hasn’t been chaotic. A few of the top-performing cryptoassets suffered minor losses, but no substantial drops have materialized.
Crypto Reacts to FOMC Decision. Source: BeInCrypto
The crypto industry has been desperate for a bullish narrative, and some major players are visibly cracking at the seams.
The FOMC, however, did not provide this narrative via rate cuts. Hopefully, crypto will find something else to be optimistic about before a full-blown market correction takes hold.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to view the market from the eyes of financial experts across TradFi and crypto. Given the more established financial channels, there is growing overlap, with Bitcoin (BTC) inadvertently benefiting from TradFi woes.
Crypto News of the Day: Max Keiser Says Bitcoin and Saylor Are the Future
Warren Buffett made the ultimate case for Bitcoin as the American investor considers stepping down as CEO of Berkshire Hathaway.
Pending board approval, Buffett could step aside at the end of the year, giving way for Greg Abel, vice chair of non-insurance operations, to become Berkshire’s new chief.
This revelation came at Berkshire Hathaway’s annual shareholder meeting on May 3, 2025, where Buffett also offered a stark warning about the long-term value of the US dollar.
He noted that every system eventually debases its currency. According to Warren Buffett, government decisions make paper money lose value over time.
“In the end, if you get people to control the currency, you can issue paper money, and you will,” Buffett told shareholders in Omaha.
Warren Buffett Slams US Fiscal Policy at Berkshire Hathaway Annual Shareholder Meeting
Without naming alternatives such as Bitcoin, the 93-year-old investor cautioned against holding assets denominated in a currency he said was systematically devalued by government policy.
“The natural course of government is to make the currency worth less over time… Some places devalue at breathtaking rates… it’s not evil, it’s just their job,” he added.
The investing icon said that if his late partner, Charlie Munger, had to choose a second area besides stocks, he would have gone into foreign exchange.
These remarks suggested an openness to non-traditional assets. Bitcoin advocate and broadcaster Max Keiser responded to the remarks in an interview with BeInCrypto.
Max Keiser interprets Buffett’s comments as a tacit validation of the thesis behind Bitcoin.
“Executive chairman and co-founder of MicroStrategy Michael Saylor is the Warren Buffett of the 21st century. He saw what Buffett described and built his strategy around it,” Keiser started.
“Warren Buffett built his empire on money printing. Most of his holdings over the years have been in banks, insurance companies, and financial services,” Keiser claimed.
In his view, Buffett benefited from having political leverage in Washington, particularly during the 2008 financial crisis. During this time, Keiser says, his [Buffett] investments in Wall Street institutions aligned with government-led rescue efforts.
Buffett’s Role During The 2008 Financial Crisis Is Well Documented
Michael Saylor, meanwhile, has taken a dramatically different approach. Under his leadership, MicroStrategy (now Strategy) began acquiring Bitcoin in 2020 as part of its corporate treasury strategy. The firm cited concerns about the long-term debasement of fiat currencies.
As of early 2025, the company holds more than 200,000 BTC, worth tens of billions of dollars at current market prices. A recent US Crypto News publication revealed one of Strategy’s latest Bitcoin purchases.
Buffett has long been critical of Bitcoin, famously calling it “rat poison squared” in 2018. However, some in the digital asset space have interpreted his recent comments about currency debasement as aligning with core arguments made by Bitcoin proponents.
Based on his remarks, the American investor and philanthropist is concerned about the US fiscal policy.
His comments allude that while he may not like Bitcoin, he clearly understands why it exists. Sentiment on X (Twitter) shows that community members took notice.
Responses suggest that if Warren Buffett understands money and its flaws manifested in fiat form, why does he not endorse Bitcoin as the solution?
“Warren Buffet talks about the virtues of Bitcoin without mentioning Bitcoin,” one user on X quipped.
Meanwhile, others hope Buffett’s prospective replacement as CEO will see the next Berkshire Hathaway chief to lead the company in a different direction, potentially adopting Bitcoin.
A spokesperson for Berkshire Hathaway did not immediately respond to a request for comment on Keiser’s remarks.
Elsewhere, and in line with Buffett’s statement about foreign exchange, QCP Capital analysts cite a remarkable 8% rally in the Taiwanese Dollar (TWD) on Monday.
They cite this as the TWD’s sharpest move in decades, alongside gains in other APAC currencies with strong current account surpluses. According to the analysts, speculation over a potential US-Taiwan trade deal drove this rally, as did insurer-hedging flows, pushing TWD’s 1Y NDF spread to its widest since 2008.
While Taiwan’s trade surplus supports the TWD, capital outflows have historically balanced it. This shift mirrors past foreign exchange dislocations like the 2023 JPY carry unwind.
For crypto, the move signals possible macro volatility ahead, with gold up 3% and BTC facing a binary path tied to global capital flows and trade diplomacy.
“In a market where correlations are fraying, FX may once again be the canary in the macro coalmine,” wrote QCP analysts.
Chart of the Day
US dollar index (DXY) performance year-to-date. Source: TradingView
The chart shows the US Dollar Index (DXY) trend from 2025, reflecting fluctuations in the value of the US dollar against a basket of major currencies. It indicates a downward movement from February to May, with a recent slight recovery.
Byte-Sized Alpha
Here’s a summary of more crypto news to follow today:
A new discussion draft introduces a framework to reduce market concentration and foster innovation. The bill clarifies jurisdiction between the SEC and CFTC, emphasizing decentralized systems and providing regulatory clarity for digital asset markets.
