The advent of cryptocurrencies has resulted in the emergence of many millionaires but also billionaires who are lucky enough to own a large number of crypto tokens which are starting to be very expensive.
This is the case of Vitalik Buterin, co-founder of Ethereum, the youngest crypto billionaire thanks to the 333,500 ETH tokens he owns.
The Ethereum price has indeed exceeded the threshold of 3000 dollars and propelled Vitalik into the club of young billionaires of this world, well potentially, if the ETH price were to come down, his fortune would fall again, as long as he does not sell its tokens in fiat currency such as the dollar or the euro.
Vitalik Buterin is even the youngest billionaire at 27, as recalled by Forbes magazine.
A great success, the Ethereum blockchain is the leader in the smart contract market and a key player in the development of decentralized DeFi finance.
The number 2 cryptocurrency in the market is just behind Bitcoin BTC, Ethereum consolidates its leadership role, its transition to the ETH 2.0 proof of stake mode should finally resolve its current bottlenecks and exorbitant fees.
If institutional investors are now seduced by BTC, Ethereum is also now favored by investors, JPMorgan has published a report for its clients that praises the Ethereum blockchain, and its optimism about the rise of the ETH price in the future.
Another positive sign, S&P Dow Jones has just launched new indices including Ethereum, SPETH and SPCMC.
The strength of the Ethereum ecosystem should therefore allow the Ethereum price to continue its progression in the future, a Vitalik Buterin who could then become, not a billionaire, but a multi-billionaire!
An ETH price currently around $3,295 on Kraken.
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