It’s easy to forget Ethereum founder Vitalik Buterin started his crypto journey with the big orange coin—covering the space for Bitcoin Magazine and eventually starting his own blockchain inspired by the biggest and oldest virtual asset.
Then and now Ethereum Co-founder admits that he barely has any authority Bitcoin—and most of his holdings are in ETH.
Buterin revealed that less than 10 percent of his total assets were in Bitcoin.
“I’m under 10% in BTC,” Buterin wrote in response to a X-user who stated that crypto users should hold at least 10% their assets in cryptocurrency. “But then again I’m under 10% in anything that’s not ETH,” He also added.
I'm under 10% in BTC
But then again I'm under 10% in anything that's not ETH
— vitalik.eth (@VitalikButerin) January 31, 2025
Crypto community has expressed both concern and sarcasm as price of second largest coin has lagged behind Bitcoin’s gains.
According to CoinGecko the current price of ETH, as of Friday, is up more than 4% in the last 24 hours and trading at $3,403.
The second-largest digital coin has struggled to go higher—despite the Approval In several places Exchange-traded Funds ETH Last year.
ETH’s current price is 30 percent below the all-time record high set in 2021 of $4.878.
Many people in the industry are worried about the explosion in Layer 2 networks On Ethereum. The Ethereum mainnet uses such tools to lower the costs of transactions.
Some analysts believe that The following are some of the ways to get in touch with each other The future market value of ETH could be worth trillions of dollars if L2s are used.
Buterin’s thinking about solutions.
Ethereum’s co-founder was arrested earlier this month You can also contact us by email. these concerns, saying that developers should focus on finding ways to raise cash and boost the ETH price—perhaps by burning a portion of their gas fees, or by staking them and then donating the proceeds to the Ethereum community.
On Friday, the Securities and Exchange Commission released its report. fast-tracked Bitwise’s Bitcoin and Ethereum Exchange Traded Fund, allowing for it to be traded and listed on NYSE Arca. This is yet another indication that institutional interest in ETH continues to grow.
Edited By Stacy Elliott