Ethereum (ETH) creator Vitalik Buterin acknowledged that he each bought and donated away his Ether holdings for fiat when the worth was $700. Where
Ethereum (ETH) creator Vitalik Buterin acknowledged that he each bought and donated away his Ether holdings for fiat when the worth was $700. Whereas he didn’t specify, it appears unlikely that he bought his complete ETH stake — although how a lot ETH he owns as we speak is presently unknown. Buterin additionally mentioned that he had not purchased any Bitcoin (BTC) since earlier than 2017.
Supply: Twitter.
He talked about that underneath 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 value.
Ether value. Supply: Glassnode.
Whereas the correlation is unclear, it’s attainable that the Basis’s liquidation of its holdings precipitated Ether’s 2017 crash.
In current weeks, the Ethereum co-founder has come underneath scrutiny from some members of the Blockchain group. 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.