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Vitalik Buterin Sold His Ether for Fiat, Not Bitcoin

Vitalik Buterin Sold His Ether for Fiat, Not Bitcoin

Ethereum (ETH) creator Vitalik Buterin acknowledged that he each bought and donated away his Ether holdings for fiat when the value was $700. Whereas he didn’t specify, it appears unlikely that he bought his total ETH stake — although how a lot ETH he owns right this moment is at the moment unknown. Buterin additionally mentioned that he had not purchased any Bitcoin (BTC) since earlier than 2017.

Supply: Twitter.

He talked about that beneath his recommendation, the Ethereum Basis had additionally bought its holdings near the asset’s all-time-high of $1,200. On a earlier podcast with Eric Weinstein, he specified that the Basis had liquidated 70,000 ETH at this worth.

Ether price. Source: Glassnode.

Ether worth. Supply: Glassnode.

Whereas the correlation is unclear, it’s doable that the Basis’s liquidation of its holdings precipitated Ether’s 2017 crash.

In latest weeks, the Ethereum co-founder has come beneath scrutiny from some members of the Blockchain neighborhood. In a single occasion, Hashcash creator and Bitcoin maximalist, Adam Again, even referred to as Ethereum a ponzi scheme.

Cointelegraph reached out to Vitalik Buterin, however he has not responded in time for publication.

Credit score: Source link

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