The founder of Ethereum, Vitalik Buterin has just revealed how much Ethereum he actually owns.
In a recent tweet, Buterin responds to accusations by an economist at NYU and crypto critic Nouriel Roubini (also known as Dr Doom) who has claimed that Buterin is a scammer and a thief. He also pointed this hate towards the co-founder of Ethereum Joseph Lubin.
Ethereum is number two on the top 100 cryptocurrencies according to CoinMarketCap which makes it Bitcoin’s main rival by market cap. Despite Buterin’s age, he is one of the most influential figures in the crypto space and is driven by both the programming expertise and the idealism of a technology ‘riddled’ future.
Buterin has revealed that he owns just over 365,000 in Ethereum which is worth more than $ 74 million. In addition to this, Buterin also holds around $ 100,000 in OmiseGo (OMG). Buterin has said that the address details most of his big trades. Also, he has other addresses which are quite small relatively speaking.
Roubini – or Dr Doom – is called so due to his bleak prediction of the global financial crisis of 2008 ten years ago.
Roubini is scheduled to appear at a congressional hearing tomorrow to debate Coin Center on digital currency. The event is going to be live streamed at 10 am Eastern Standard Time.
At the time of writing, Ethereum is priced at $ 200.86 after seeing an 11% drop over the past day. The markets as a whole are in the red and Bitcoin has even crashed from the $ 6,500 area down to the $ 6,250 mark. Who knows what the end of this year holds for the industry…
Is this information important?
I would argue that yes, it is. Prolific figures like Buterin obviously hold cryptocurrency, they are integral to the industry so therefore, they sort of have to invest. These figures are the ones who help us make our own decisions and therefore, it’s important to know how they are investing if only for our own speculative purposes.
Look at what happened when Charlie Lee sold all of his Litecoin, people lost hope in the Litecoin project, if the founder doesn’t hold it anymore, surely they must know something we don’t, surely something deeper must be going on.
By knowing that Buterin is still bullish about Ethereum, Ethereum investors worldwide can trust in him, his words and his project.
What are your thoughts? Let us know what you think down below in the comments!