Crypto billionaires, including Michael Novogratz, Danny Ryan, and Olaf Carlson-Wee, gathered for a Vanity Fair feature at a Manhattan hotel. The group were dressed in different outfits, including a diamond cross, a leopard print coat, and a black sweatsuit with "Believe in Something" printed across her rear. The total crypto market cap has dropped roughly $1.4 trillion since its peak of December 2024, and Bitcoin (CRYPTO: BTC) is trading near $73,700, about half its all-time high. Despite this, the industry continues to struggle, with predictions that the "age of speculation" is ending.