Vitalik Buterin Revealed Not Being a Billionaire Anymore

by in Cryptocurrency News

Vitalik Buterin Billionaire

Ethereum co-founder Vitalik Buterin said in one of his tweets that he is no longer a billionaire. Replying to a post of the Neoliberal Project about people analyzing tweets of Elon Musk and Jeff Bezos, Buterin wrote he appreciates them for responding to people, and not shouting their own stuff. He then added not being a billionaire anymore.

Related: Buterin urged Terra to focus on compensation to small investors

Buterin co-founded Ethereum in 2014. The coin reached its all-time high of $4891 in November 2021. Currently, it trades at around $1,974. Ether is the second largest crypto with a market cap of over $238 billion. Buterin mentioned previously that making money wasn't his goal while creating Ethereum. His goal was to help create decentralized financial systems and democratize the internet, as he told Time.

The recent fall of cryptocurrencies resulted in crypto billionaires losing a part of their fortunes. According to Bloomberg, Binance CEO Changpeng Zhao (CZ) lost over $80 bln, which presents 84% of his wealth.