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Buterin gave financial advice to investors
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Buterin gave financial advice to investors

Jan 8, 2024

Vitalik Buterin, a renowned Ethereum developer and a key figure in the cryptocurrency world, addressed his Twitter followers with a series of financial recommendations. He shared four main tips that can be useful for financial well-being.

The first and crucial point, according to Buterin, is the diversification of investments. He emphasized that risk distribution through diversification is a sensible and effective approach in financial management.

Next, Buterin focused on the importance of achieving financial security. He advises striving to have enough funds to cover personal expenses for several years ahead, highlighting that this provides freedom and peace of mind.

Buterin's third tip sparked particular interest among his audience. He recommended "being boring" in most of the investment portfolio, which, as users assume, means avoiding risky and dubious assets in pursuit of high profits.

The fourth tip concerns the use of leverage. Buterin strongly recommends not exceeding a 2x leverage, emphasizing the risks associated with excessive borrowing.

These tips from Buterin were published in response to a tweet from the well-known blogger Alex Avoigt, who discussed Bill Gates' financial decisions after his friendship with Warren Buffett. Avoigt pointed out that Gates, by diversifying his portfolio and selling Microsoft shares, now has a fortune of $138 billion, although he could have had $1.33 trillion if he had not sold part of his shares.

Vitalik Buterin, born on January 31, 1994, in Russia, is one of the most influential and innovative entrepreneurs in the field of cryptocurrencies and blockchain. His main contribution to this area is the creation of Ethereum in 2013, a platform for decentralized applications and smart contracts. Buterin continues to play a key role in the development of Ethereum, actively participating in conferences and events where he shares his knowledge and vision for the future of technology.

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