Vitalik Buterin, the co-founder of the Ethereum ETH/USD blockchain, not too long ago stated on a Twitter submit that he’s not a billionaire.
Final yr, 28-year-old Buterin turned the world’s youngest crypto billionaire, as Ethereum had a market capitalization of $376 billion throughout that point.
(btw btw I am not a billionaire anymore)
— vitalik.eth (@VitalikButerin) May 20, 2022
Folks began reacting on Buterin’s tweet.
Will get up bearish so ETH pumps and also you could be a billionaire once more
I bought you Vitalik don’t be concerned
— sassal.eth (@sassal0x) May 21, 2022
Buterin, who created Ethereum in 2014, owns a digital pockets that contained holdings price about $1.5 billion in November 2021.
Earlier, he suggested that he’d welcome decrease costs of digital cash, saying people who find themselves deep into crypto would settle for a bear market.
Additionally Learn: Vitalik Buterin Outlines Ethereum’s Future With ‘Soulbound Tokens’
He beforehand stated that he faces a contradiction between wanting his blockchain to be extra of a Bitcoin BTC/USD system and realizing what it is going to take to get there.
Throughout the pandemic, Buterin despatched Shiba Inu SHIB/USD and different crypto donations he acquired to varied charities, together with 50 trillion SHIB, round $1.2 billion on the time, to the India Covid Crypto Reduction Fund.
He later burned about 90% of his remaining SHIB tokens. Buterin stated that doing so required a set of advanced procedures to entry and ship the SHIB tokens.