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Ethereum (ETH) at -60% of its ATH: Vitalik Buterin declares that he is no longer a billionaire


The bear market spares no one – After the absolute disaster on theUST and the LUNA of the Terra project – who has by the way squandered $3 billion worth of Bitcoin (BTC) -, all cryptocurrencies have seen their prices fall sharply. The project ethers Ethereum (ETH) were no exception. They even fell enough for Vitalik Buterin no longer (temporarily?) more billionaire.

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Vitalik Buterin is no longer “only” a multimillionaire in ethers

As we have seen recently, even the most wealthy crypto owners on the planet have suffered of the stablecoin disaster TerrasUSD (UST) and the ensuing general decline in the crypto market. Whether it be Changpeng Zhao from Binance or Brian Armstrong from Coinbase, they lost (virtually) billions of dollars of personal wealth there.

It turns out that this is also the case with Vitalik Buterin, co-founder of Ethereum. The revelation started from a conversation on Twitter, which initially had no direct link to his personal wealth.

Indeed, Vitalik Buterin initially spoke there simply of the fact that he “particularly appreciated” that billionaires like Jeff Bezos (founder of Amazon) and Elon Musk (founder of Tesla and SpaceX) respond to people on Twitter.

It was in a following tweet that Vitalik Buterin revealed that he was not “more billionaire” from now on :

Twitter account @VitalikButerin

In November 2021, when the price of ether was at its historical high (ATH) around 4,870 dollars, the fortune of Vitalik Buterin had been valued at $1.5 billion. But with an ETH that now has lost near 60% of its value (currently below 2,000 dollars), Vitalik has returned to the box of “simple” multimillionaire. But you should know that, technically, the co-founder of Ethereum even had a much larger fortune, before destroy for 6.4 billion dollars of SHIBA (from the Shiba Inu project) in May 2021.

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