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Vitalik Buterin, is now the world’s youngest crypto billionaire after a 350% year-to-date surge within the price of his cryptocurrency he co-created, Ethereum.
Vitalik Buterin was born in Kolomna , Russia, in 1994 and later moved to Canada together with his family, growing up in Toronto. He then briefly attended the University of Waterloo before throwing in the towel after being awarded $100,000 from the Thiel Fellowship.
Buterin then put all his efforts into Ethereum before revealing the cryptocurrency during a whitepaper in 2013.
The 27-year-old Russian-Canadian and co-creator of Ethereum , Vitalik Buterin, is now the world’s youngest crypto billionaire after a 350% year-to-date surge within the price of his cryptocurrency.
Buterin’s Ether address, which he disclosed on Twitter in 2018, currently holds 333,521 ETH , worth some $1,125,299,854 as of 8:19 a.m. ET on Wednesday when Ether’s price was $3374.90.
Ethereum’s market cap is nearing $400 billion after a historic run the second burgeoning cryptocurrency, which saw it reach heights of over $3,500 per coin before paring gains.
Changpeng Zhao, the CEO of the most formidable cryptocurrency exchange within the world, Binance, told Forbes there have been several factors driving Ether’s meteoric run.
First, the increase of DeFi or, decentralized finance, is pushing more users into assets not held or distributed by central banks generally.
Second, user demand for ether to shop for digital assets like non-fungible tokens (NFTs) might be driving prices higher.
“All of those use cases are moving immediately , and other people need the opposite coins to try to to this sort of latest transaction,” Zhao said. “Ethereum is one among those clear examples. That’s probably why Ether goes up.”
EX-Ark Invest analyst James Wang even laid out a case for ether to hit $40,000 per coin during a recent interview.
If the cryptocurrency does rise to those previously unimaginable heights, ether’s co-founder Vitalik Buterin would be worth a fantastic $13,340,840,000.
The Ethereum initial coin offering (ICO) was the second public coin offering ever when it happened in 2014. If you had bought 100 ETH at the time, it might have cost around $30. That 100 ETH would be worth $337,490 today.
Lately, Buterin has taken to sharing within the success of his cryptocurrency. The ETH founder recently donated roughly $600,000 in ether and maker tokens to a COVID-19 relief fund for India.