If Vitalik Buterin isn't a billionaire anymore, what hope is there for the rest of us? 💸
Although Buterin is no longer in the "three comma club," his supporters argue it's only a matter of time before Ether rallies — and his billionaire status returns.If you think your crypto portfolio is looking grim right now, spare a thought for Vitalik Buterin.
Ethereum's co-founder has revealed that he's no longer a billionaire since the bruising bear market began.But back when ETH had hit an all-time high of $4,891.70 back in November, this crypto stash would have been worth over $1.4 billion. Ether is now trading at a 57% discount to this record price, with the cryptocurrency's market cap shrinking by hundreds of billions of dollars.
Buterin's admission came in response to a tweet that claimed Elon Musk and Jeff Bezos love posting on Twitter because they're billionaires who crave attention. The crypto entrepreneur leapt to their defense, writing:The multimillionaire later clarified that he wasn't counting himself as a billionaire.
Although Buterin is no longer in the "three comma club," his supporters argue it's only a matter of time before Ether rallies — and he returns.Buterin has considerably more wealth than most crypto investors, but those who are all in will have seen similar damage inflicted on their portfolios.— while the vast majority of its holdings are in ETH — it does have a sizable non-crypto investment.
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