The cryptocurrency crash has claimed many lives among investors. Ethereum boss Vitalik Buterin is one. In a tweet published on Friday, the latter admitted that he is no longer a billionaire at all.
Ethereum co-founder gutted of his billions
Last Friday, Vitalik Buterin, co-founder of Ethereum posted a tweet claiming that he is no longer a cryptocurrency billionaire.
Translation of the tweet:
” What happened to the fact that ‘talking directly to people’ was a virtue? (In fact, I particularly appreciate that Elon and Jeff actually respond to people, and don’t just shout their own stuff). »
Then he added:
” […] I am no longer a billionaire. »
These messages were responses to the Neoliberal post stating that:
” People have tried to psychoanalyze recent tweets from Elon Musk and Jeff Bezos. What does that mean ? Are they healthy? It’s not that hard. People just like to post. Billionaires too. It’s great to show off and people love to do it, especially when they get a lot of attention. »
As a reminder, Ether was devalued to -59% against the backdrop of the cryptocurrency market crash. To say that the native token of the blockchain created in 2014 experienced an ATH of around $4,800 in November 2021. And its market capitalization has already reached $376 billion.
Vitalik, supported by the crypto community
In support of Buterin, sassal.eth commented:
” I will wake up bearish so ETH will soar and you can be a billionaire again. I understand you Vitalik, don’t worry. »
In fact, Vitalik Buterin continued to respond to people saying this:
” You will eventually make a mistake in your beliefs, and (especially if you’re in politics, but some other fields too) correcting that mistake means acknowledging that a previous version of yourself contributed negative value to the world. »
However, he urged the believers to make compromises between open-mindedness ” and “ passion “. And to reassure that he will not throw in the towel, he did not fail to openly support his blockchain.
” Note to trolls: no, ethereum was not a mistake. »
The real ones would accept a bearish market
Billionaire at 28, Vitalik is not afraid of falling cryptocurrency prices. For him, anyone deeply involved in this type of investment would accept a bear market.
Incidentally, Cameron Winklevoss, a crypto and bitcoin investor, shares the same opinion. His tweet of May 12 confirms this position:
” It’s days like this that remind me of when Bitcoin was below $100. It’s all about perspective and HODLing for long-term play. »
And if you have followed the recent news on Cointribune, you are aware that TerraUSD and LUNA have experienced an incredible fall. As recently as May 9, the blockchain and its coins lost the equivalent of $40 billion in the market in just a few days. Which made many unhappy and enraged.
How come a stablecoin pegged to the dollar suddenly goes for 6 cents? Now we have to say ” unstablecoin “.
It should also be noted that Vitalik Buterin’s Ether is the largest cryptocurrency in terms of capitalization. She closely follows the King » bitcoin. Unfortunately, the crypto crisis has not spared ETH and BTC. The king of cryptocurrencies, for example, has lost half of 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 high-profile victims of the cryptocurrency market crash. Its stake in Ethereum was previously valued 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 dollars in ETH to this country, victim of the Russian invasion. A fine contradiction, you say to yourself, but people come first at Vitalik, the protector of small investors.
Recently, he expressed his desire to bring the level of Ethereum closer to that of Bitcoin, without neglecting the way to go.
If a billionaire like the co-founder of Ethereum lost a lot, what about the less fortunate? Nevertheless, Winklevoss’s remark is reassuring: count on HODLing, because everything is played out in the long term. What lower a little the level of concern of investors and the discontent of those who do not even invest.
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The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it