Vitalik Buterin Reveals He's No Longer a Billionaire After ETH Crash
Ethereum

Vitalik Buterin Reveals He's No Longer a Billionaire After ETH Crash

6 месяцев назад

Although Buterin is no longer in the "three comma club," his supporters argue it's only a matter of time before Ether rallies — and his billionaire status returns.

Vitalik Buterin Reveals He's No Longer a Billionaire After ETH Crash

Содержание

If you think your crypto portfolio is looking grim right now, spare a thought for Vitalik Buterin.

Ethereum's co-founder has revealed that he's no longer a billionaire since the bruising bear market began.

Buterin's wallet currently holds 290,000 ETH — with a cash value of about $602.3 million.

But back when ETH had hit an all-time high of $4,891.70 back in November, this crypto stash would have been worth over $1.4 billion.

Ether is now trading at a 57% discount to this record price, with the cryptocurrency's market cap shrinking by hundreds of billions of dollars.

Buterin's admission came in response to a tweet that claimed Elon Musk and Jeff Bezos love posting on Twitter because they're billionaires who crave attention. The crypto entrepreneur leapt to their defense, writing:

"What happened to 'talking directly to the people' being a virtue? (BTW I particularly appreciate that Elon and Jeff actually respond to people, and don't just shout their own stuff.)"

The multimillionaire later clarified that he wasn't counting himself as a billionaire.

Although Buterin is no longer in the "three comma club," his supporters argue it's only a matter of time before Ether rallies — and he returns.

Brutal Trading Conditions

Buterin has considerably more wealth than most crypto investors, but those who are all in will have seen similar damage inflicted on their portfolios.

Tellingly, the Ethereum Foundation recently revealed that — while the vast majority of its holdings are in ETH — it does have a sizable non-crypto investment.
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