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Are Vitalik Buterin’s crypto holdings doubled?

Are Vitalik Buterin's crypto holdings doubled

Vitalik Buterin is the co-founder of the world’s most popular innovative contract platform, the Ethereum blockchain. Additionally, he has become a Crypto billionaire officially. However, Buterin’s public Ether address hit $1 billion, followed by Ether’s meteoric Rise above the $3,000 price mark on Monday.

According to on-chain data from Etherscan, his address holds around 333,500 Ether which is now worth $1.029 billion. In addition, his ETH got quadrupled. The value was about $700 at the beginning of 2021. Finally, according to some online Crypto players, the 27-year-old Buterin could be the youngest self-made billionaire in the cryptocurrency industry.

Vitalik Buterin Revela about Ethereum

He offered more clarity about what the Ethereum Foundation, a non-profit organization, did with the money it cashed out on the previous bull run in a series of tweets. However, according to a Russian-Canadian programmer, those funds were used to support the developer community and issue grants.

Buterin doesn’t touch Bitcoin anymore.

Buterin says that he dumped ETH at around $700. The value is nearing half of the cryptocurrency’s all-time high when we consider Buterin’s funds. Additionally, part of the sum, approaching 30,000 ETH, went for donations. Contrary to most of the suggestions, Buterin’s Ethereum Holdings never went into Bitcoin. He has not touched BTC at all since 2017.

However, Cryptocurrency space reached half a trillion dollars in December 2017. He famously asked them if they deserved this kind of money. Moreover, this question appeared very appropriate after just a few months of the bubble peak, which kick-started a new bear market.

Buterin revealed in a podcast with the Thiel Capital Managing Director Eric Weinstein that he could convince the Ethereum foundation to convert 70,000 ETH into a Fiat in mid-January 2018. The cryptocurrency was sitting at its lifetime high of $14,00 at that time.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.