The developer of Ethereum Vitalik Buterin regained the title of cryptocurrency billionaire thanks to the bull rally in the digital asset market.
Buterin first became a billionaire in May 2021 at the age of 27. Then, 335,500 ETH costing $ 1.03 billion were stored in its cryptocurrencies. However, due to the subsequent falls and take-off of the Ethereum exchange rate, the capital of Vitalik was lowering below $ 1 billion, then rose above this mark.
On August 9, when the price of Ethereum overcame $ 4,000, Buterin again became a billionaire. According to the ARKHAM platform, it owns ETH in the amount of $ 1.02 billion and other coins worth about $ 16 million. Since the beginning of April, ETH has risen 210%, respectively, Vitalik became three times richer due to the pamp.
The bull rally in the Ethereum market started largely due to the influx of capital from institutional. However, Butaterin is in no hurry to rejoice in the money that invests in his brainchild of the company. In his opinion, corporations can destroy ETH if there are too many in cryptocurrency.
Despite the impressive increase in the price of Ethereum, Vitalik and cannot compete with the mysterious creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, who owns 1.096 million BTC worth $ 130 billion at the current rate. Even if the ethereum will rise in price to $ 20,000, as the Merlijn The Trader trader predicts, and the price of bitcoin will not change, then Satoshi will be richer than Butaterin 27.5 times.
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Source: Cryptocurrency
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