The co-founder of the cryptocurrency, Vitalik Buterin, saw his net worth pass $1 billion for the first time last week as the price of Ethereum surpassed $3,000 for the first time. As someone who has tracked and studied wealth for over a decade, I’m still not quite comfortable with the idea of someone reaching billionaire status thanks to cryptocurrency. Please understand that I have no animosity toward these crypto billionaires. Only admiration and envy. It’s just hard to accept that actual people are using completely fictitious digital currency to amass real life nine-figure riches. Then there is what transpired with Vitalik this past week. a persistent predicament that is hard to define with words.
Vitalik Buterin has a current net worth of…
By the time you finish reading this post, I have no idea what Vitalik’s net worth will be, but if you want to check Vitalik’s public wallet for yourself, click here to view his complete holdings at etherscan.io.
Vitalik’s $21 billion net wealth as of this writing consists of:
Vitalik’s current position among the top 100 wealthiest persons in the world, according to our count, is:
What The Heck Is Going On?
You need to read this article again if you don’t know anything about this story:
Vitalik was clueless and had no relationship to SHIB. To his digital wallet, the engineers merely sent 505 billion SHIB. Anything can be added to a person’s public wallet by anyone.
“It probably worked incredibly well as a publicity stunt. Thinly veiled as them burning half the coins in circulation, but they probably still own a shit ton of SHIB and are hoping the lack of supply and connection to Vitalik gives them legitimacy. But keep in mind, Vitalik could destroy [or “burn” in the crypto parlance] SHIB tomorrow if he simple sold his whole stake at once. Purchasing SHIB carries a significant risk. Even so, I can almost promise that he will receive a huge number of additional coins.”
There are literally 41 pages of random, mostly-dog-themed, alt-coins now sitting in Vitalik’s account. Most of them are only worth a few dollars or less.
Why Is This Happening?!
I wish I had a suitable response. There is no doubt that some of this is a well-balanced blend of intentional manipulation, exceptionally positive publicity, and trolling. Another obvious element is people sitting at home trying to parlay a couple grand into a 100x return by finding the next Dogecoin… which will probably called Fartcoin. People are tired with the stock market’s gradual advances. Thanks to significant government stimulus, trillions of additional dollars are now in circulation. It’s 2016 to become wealthy gradually using the stock market. Baseball cards, NFTs, alt-coins, and OnlyFans are all sources of wealth for people.
This video does an excellent job of describing all that is occurring in the financial sector at the moment:
This story will continue to be updated.
Where do you predict Vitalik’s net worth will be in a week? Over or under $20 billion?
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