Ethereum Co-Founder Vitalik Buterin Says He's No Longer A Billionaire

Zinger Key Points
  • Vitalik Buterin created Ethereum in 2014.
  • During Covid, Buterin sent SHIB and other crypto donations he received to various charities.

Vitalik Buterin, the co-founder of the Ethereum ETH/USD blockchain,  recently said on a Twitter post that he is no longer a billionaire. 

Last year, 28-year-old Buterin became the world’s youngest crypto billionaire, as Ethereum had a market capitalization of $376 billion during that time. 

People started reacting on Buterin's tweet. 

Buterin, who created Ethereum in 2014, owns a digital wallet that contained holdings worth about $1.5 billion in November 2021. 

Earlier, he suggested that he’d welcome lower prices of digital coins, saying people who are deep into crypto would accept a bear market.

Also Read: Vitalik Buterin Outlines Ethereum's Future With 'Soulbound Tokens'

He previously said that he faces a contradiction between wanting his blockchain to be more of a Bitcoin BTC/USD system and realizing what it will take to get there.

During the pandemic, Buterin sent Shiba Inu SHIB/USD and other crypto donations he received to various charities, including 50 trillion SHIB, around $1.2 billion at the time, to the India Covid Crypto Relief Fund.

He later burned about 90% of his remaining SHIB tokens. Buterin said that doing so required a set of complex procedures to access and send the SHIB tokens. 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsTop StoriesMarketsBillionaireBitcoincrypto-currencydogecoinETHEthereumShiba InuVitalik Buterin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!