The cryptocurrency crash has claimed many lives among investors. Ethereum boss Vitalik Buterin is one. In a tweet published on Friday, he admitted that he is no longer a billionaire at all.
Ethereum co-founder has lost his billions
Last Friday, Vitalik Buterin, co-founder of Ethereum, published a tweet claiming that he is no longer a cryptocurrency billionaire.
Translation of the tweet:
” What has become of the fact that “talking directly” was a virtue? (In fact, I particularly appreciate that Elon and Jeff actually cater to people and not just yell their own stuff). »
Then he added:
” […] I’m not a billionaire anymore. »
These messages were responses to the neoliberal post, which said:
” People have been trying to psychoanalyze recent tweets from Elon Musk and Jeff Bezos. What does that mean ? Are you healthy? It is not that hard. People just like to post. Billionaires too. It’s great to show off and people love to do it, especially when it’s getting a lot of attention. »
As a reminder, Ether depreciated to -59% amid the cryptocurrency market crash. Saying that the blockchain’s native token, created in 2014, experienced an ATH of around $4,800 in November 2021. And its market cap has already reached $376 billion.
Vitalik powered by the crypto community
In support of Buterin, sassal.eth commented:
” I will wake up bearish for ETH to rise and you can become a billionaire again. I understand you Vitalik, don’t worry. »
In fact, Vitalik Buterin continued to reply to people who said:
” You will eventually make a mistake in your beliefs, and (especially if you’re in politics, but also some other fields) correcting that mistake means acknowledging that an earlier version of you contributed negative value to the world . »
However, he demanded it believers to make compromises between open-mindedness ” and “ dedication “. And to assure he won’t throw in the towel, he hasn’t failed to openly support his blockchain.
” Note to trolls: No, Ethereum was not a bug. »
The real ones would accept a declining market
28-year-old billionaire Vitalik is not afraid of falling cryptocurrency prices. To him, anyone who digs deep into this type of investing would accept a bear market.
Incidentally, the same view is shared by Cameron Winklevoss, a crypto and bitcoin investor. His May 12 tweet confirms this position:
” It’s days like these that remind me of when Bitcoin was below $100. It’s all about perspective and HODLing for long-term play. »
And if you’ve been following the recent news on Cointribune, you know that TerraUSD and LUNA have seen an incredible drop. As recently as May 9th, the blockchain and its coins lost the equivalent of $40 billion in the market in just a few days. Which made many unhappy and angry.
How come a dollar-pegged stablecoin suddenly costs 6 cents? Now we have to say ” unstable coin “.
It should also be noted that Vitalik Buterin’s Ether is the largest cryptocurrency in terms of capitalization. She follows closely king » Bitcoin. Unfortunately, the crypto crisis has not spared ETH and BTC either. The king of cryptocurrencies, for example, has lost half its value in the last 6 months: from $69,000 to around $30,000.
Buterin burned his SHIBs
Russian-born Canadian programmer Vitalik Buterin is among the prominent victims of the cryptocurrency market crash. His stake in Ethereum was previously estimated at $1.5 billion.
It should also be noted that Vitalik Buterin is a proven philanthropist. Didn’t he send SHIB and other cryptocurrencies to several charities during the Covid-19 crisis? And since he made no secret of his support for Ukraine, he donated 5 million ETH dollars to this country that fell victim to the Russian invasion. A nice contradiction, you say to yourself, but with Vitalik, the protector of small investors, people come first.
Recently, he expressed his desire to bring Ethereum’s level closer to that of Bitcoin, without neglecting the path.
If a billionaire like Ethereum’s co-founder has lost a lot, what about the less fortunate? Still, Winklevoss’ comment is reassuring: go HODLing because it’s all long-term. Which lowers a little bit of concern from investors and dissatisfaction from those who don’t even invest.
Source: Business Insider; bisinga
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