Vitalik Buterin talks about his crypto portfolio.
Even though the entire cryptocurrency craze is ‘calmed down’ a bit, compared to last year, the founders of some of the most popular coins still have huge fanbases, as most of them are very interesting figures.
One of them is Ethereum creator Vitalik Buterin, a man who left college and focused on his newfound passion for cryptocurrency and writing Bitcoin articles.
In his recent Reddit AMA (ask me anything) session, on topics like Ethereum and leading the entire project, the Russian-born revealed that he is currently holding a total of 350,000 ETH, with a market value of around $51 million. Of course, calculated at the current price, which means that a new ETH bull run could make its founder significantly richer.
There’s more than Ether in that wallet
But his portfolio is way more varied than this, as Vitalik said that less than 10% of his non-ETH holdings are in Bitcoin, as well as altcoins like Bitcoin Cash, Zcash, and Dogecoin, probably the only coin on the market based on a meme. But this is not everything he has in his portfolio.
The 25-year-old also holds Ethereum-based tokens Kyber Network, Omisego, Maker, and August, but he has a small quantity of each, valuing less than 10% of the value of his ETH.
Revealing such details is an attempt to undercut all the complaints that appeared lately, claiming that Vitalik’s crypto investments could lead to a conflict of interest.
“I’d definitely support more people actively involved in protocol decision-making making such statements.”
Yes, he has more income sources!
When talking about his ‘fortune’, Buterin said that in addition to the income generated by the Ethereum Foundation, he also received a salary over the past 12 months, including revenues – undisclosed amounts, though – in “advisor tokens”. Most likely, he was part of the teams behind a few Ethereum-based projects.
In terms of non-crypto investments, he is a shareholder in London-based Fintech Clearmatics, as well as Starkware, a company developing full-proof stack for Stark, the zero-knowledge protocol. Last but not least, Mr. Ethereum has non-financial interests in L4, the start-up behind Web 3, the decentralized web that wants to get rid of intermediaries.