Bitcoin

Vitalik Buterin sold his ether for fiat money, not bitcoin

The creator of Ethereum (ETH) Vitalik Buterin admitted that he sold and donated his ether holdings for fiat money when the price was $ 700. Though he didn’t specify It is unlikely that he would sell his entire stake in ETH. although it is currently unknown how much ETH he owns. Buterin also said he hadn’t bought Bitcoin (BTC) since 2017.

Source: Twitter.

Source: Twitter.

Vitalik Buterin sold his ether for fiat money, not bitcoin
Vitalik Buterin sold his ether for fiat money, not bitcoin

He mentioned that following his advice, The Ethereum Foundation had also sold its holdings near the all-time high of $ 1,200. In a podcast with Eric Weinstein, specified that At this price the foundation settled 70,000 ETH.

Ether price. Source: Glassnode.

Ether price. Source: Glassnode.

Although the correlation is unclear, It is possible that the liquidation of the foundation’s assets triggered the crash of Ether in 2017.

In recent weeks The co-founder of Ethereum has been put under the microscope by some members of the blockchain community. In one case is the creator of Hashcash and maximalist of Bitcoin, Adam Back, He even called Ethereum a Ponzi scheme.

Cointelegraph has reached out to Vitalik Buterin, but has not responded at this point in time.

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