While new billionaires are emerging in the cryptocurrency markets every day, Vitalik Buterin, the founder of Ethereum, became the youngest crypto billionaire. The amount of Ethereum Buterin owned alone exceeded $ 1 billion.
Ethereum, which takes its highest value record one step up every day, has made its developer Vitalik Buterin the youngest crypto billionaire in the world. The total value of ETHs owned by Buterin is over $ 1.1 billion.
Vitalik Buterin became the world’s youngest crypto billionaire
Ethereum, or ETH for short, the world’s second most popular cryptocurrency after Bitcoin, has succeeded in making its developer a billionaire. Vitalik Buterin, one of the co-developers of Ethereum, has captured the title of the world’s youngest crypto billionaire with 333,520 ETH in his wallet, although he is only 27 years old.
Vitalik Buterin, who launched Ethereum in 2015, became the youngest crypto billionaire in the world when he was just 27 years old. Ethereum surpassed $ 3,000 on the first day of the week and rose 325 percent this year.
It was determined that Buterin, who disclosed his wallet in October 2018, owned 333 thousand 410 Ethereum and its value exceeded $ 1 billion.
Ethereum’s market value is 376 billion dollars in total and Bitcoin continues to lead with 1.08 trillion dollars. Ethereum has been on the rise since the beginning of the year due to the growing popularity of decentralized finance (DeFi) applications that aim to replace traditional financial intermediaries such as banks and insurance companies.
Who is Vitalik Buterin?
Vitalik Buterin was born in 1994 in the town of Kolomna, right next to Moscow. Buterin, who immigrated to Canada after a while with his family, started to live in Toronto. He founded Bitcoin Magazine with Mihai Alisie, who helped him in the establishment of Ethereum at the age of 18 in 2012. Buterin started to write articles for this magazine. In 2014, Buterin received a Thiel scholarship and was offered $ 100,000.
Vitaly Dmitriyevich “Vitalik” Buterin is a Russian-Canadian programmer and writer recognized as one of the founding partners of Ethereum. Buterin first became interested in cryptocurrency when he founded Bitcoin Magazine in 2011. In 2014, Buterin launched Ethereum.