Vitalik Buterin, born in 1994, has recently been in the news as the youngest crypto billionaire worldwide at the age of 27. He is a Russian-Canadian developer and author. In 2014, Buterin, also known as one of the co-founders of Ethereum and wrote with the partnership of Mihai Alisie for Bitcoin magazine. He has also been awarded the reputable Thiel fellowship, and at the age of 23, he offered $100,000 to the young people to follow interest outside of academics.
He is getting involved with cryptocurrency early in his life. In 2018, Forbes estimated Vitalik Buterin’s net worth to be around $400 million to $500 million in crypto. Cryptocurrency Ethereum expanded gains to different record heights. After breaking records above $ 3,000 for the first time, investors stack on its growing utility each day. It traded higher as $3,457.64 on the bitstamp exchange in the Asia trade.
Vitalik Buterin disclosed in an address in October 2018 that the 27 years old Euthereum founder now has more than $1 billion ETH in his main wallet. The steady rise and ample streak in Euthereum’s monetary value have made Buterin the youngest billionaire of cryptocurrency and the second youngest billionaire after Austin Russell. Austin Russell, the founder of luminar technology, also became a billionaire at the age of 25. Forbes estimated Austin’s current net worth at $2.6 billion.
Ethereum is the second-largest cryptocurrency globally with a market capitalization of over $376 billion, second only to bitcoin. It is bigger in market capital when compared to firms like The Walt Disney Company, Nestle, and even the Bank of America, which signifies its place in the trade circle. Ethereum prices have skyrocketed in the recent past, with almost 320% growth in value since the start of the year 2021. Today, ethereum is the most actively utilize blockchain
Vitalik Buterin has been involved in charities, and the most recent is a $6,00,000 donation to India in Ethereum and Maker tokens for COVID-19 relief funds. Although he has come to be one of the most successful young billionaires, he likes to keep a low profile, and no comment has yet been recorded. He has an Ether Address that displays all his holdings, which he made public in 2018. The address contains 333,520 ETH as of today holds a value of over $1.09 Billion as the value of one Ethereum is $3,278. It is yet to be seen how well the value holds up, as cryptocurrencies are said to be uncertain in monetary valuation and are unsustainable.