Wednesday, May 12, 2021

Vitalik Buterin Is Now a Billionaire Officially with Ethereum (ETH) Latest Price Milestone

ETH, the digital token of the leading smart contracts platform, Ethereum, is now trading above the $3,000 resistance level for the first time in history.

At the time of writing, Ethereum co-founder Vitalik Buterin, now holds over $1 billion worth of ETH in his main address, considering his disclosure back in October 2018. According to the young blockchain guru, there are other undisclosed addresses with relatively small tokens.

Read Also: Vitalik Buterin Tells CZ Binance and Crypto Community to Get With the Times

Recap of Discussion Initiated By Nouriel Roubini in October 2018

Back in October 2018, Nouriel Roubini, the CEO of Roubini Macro Associates, initiated a discussion that prompted Vitalik Buterin, the 27-year-old co-founder of Ethereum (ETH), to reveal the address that holds his largest Ethereum holdings.

In the thread of tweets, Roubini accused Buterin of making himself a billionaire through a pre-mining sale he tagged as a scam and criminal, which brought about the creation of Ethereum (ETH).

Nouriel Roubini tweeted, “Vitalik Buterin was the ring-leader – together with Joe Lubin – of the criminal pre-mining sale/scam that created Ether. They stole 75% of the Ether supply and became instant “billionaires” of fake wealth.”

Read Also: Vitalik Buterin Sheds Light on What Ethereum 2.0 Will Be Like Once It Launches

In response to Roubini’s accusation, Buterin stated that the claim is just a mere fabrication. He said he has nothing close to 0.9% of all ETH in circulation and his net worth is far from $1 billion.

Vitalik Buterin wrote, “I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I’m pretty sure there are no criminal laws against pre-mining.”

Read Also: Vitalik Buterin: Ethereum Network Is On the Verge of Scaling By a Factor of 100

He was further asked to disclose the trading he has initiated, coupled with the pre-sale.

For transparency, Buterin did not hold back the details as requested.

Read Also: Ethereum Surpasses PayPal’s Market Cap as ETH Keeps Reducing Bitcoin Dominance

So, according to what the co-founder of Ethereum shared, the address holding his largest ETH currently has 333,520.83 coins worth $1.023 billion at current prices. This does not include his other addresses with relatively small ETH.

Vitalik Buterin Is Now a Billionaire Officially with Ethereum (ETH) Latest Price Milestone

Considering the number, Vitalik Buterin is now the second-youngest self-made billionaire, behind Austin Russell, the CEO of Luminar Technologies.


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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