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Vitalik Buterin and His Path to Billionaire Status Amid ETH Surge

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by Giorgi Kostiuk

a day ago

Vitalik Buterin, co-founder of Ethereum, has once again become a crypto billionaire as Ether prices rise.

Billionaire Status Regained

According to Arkham, Vitalik Buterin's portfolio is currently valued at approximately $1.04 billion. He holds 240,042 ETH and also has smaller stakes in other cryptocurrencies such as Aave Ethereum (AETHWETH), WhiteRock (WHITE), Moo Deng (MOODENG), and Wrapped Ethereum (WETH).

Traders' Expectations for Ether

On Saturday, Ether surged by 6.38%, reaching $4,332. Traders anticipate that Ether may reclaim its all-time high of $4,878 from November 2021. CoinGlass data shows that a move to $4,500 could put around $1.35 billion in short positions at risk.

Buterin's Warning on Ether Treasuries

Buterin first became a crypto billionaire at 27 when Ether crossed $3,000 in May 2021. However, he warns against the risks associated with ether treasuries, stating they could lead to over-leveraging and potential downfall of ETH.

If you woke me up three years from now and told me that treasuries led to the downfall of ETH, then, of course, my guess for why would basically be that somehow they turned it into an over-leveraged game.Vitalik Buterin

Vitalik Buterin has once again confirmed his billionaire status amid rising Ether prices. Nevertheless, his warnings about the risks associated with treasuries remain relevant in the current landscape.

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