Vitalik Buterin is not holding Bitcoin as the top digital asset in his portfolio, which raised very big questions among serious crypto investors.
Vitalik Buterin is the core Ethereum co-founder, also known as a legendary successful crypto entrepreneur. The Ethereum co-founder always remains active in participating in serious crypto-related development discussions.
Recently, a Bitcoin enthusiast on X (formerly Twitter) said that if any crypto investor’s portfolio doesn’t have at least 10% in Bitcoin ($BTC), then that person should not expect a better outcome in this bull run.
In response, Vitalik Buterin said that his portfolio doesn’t have a minimum of 10% in BTC & also the same thing for other holding assets, except Ethereum.
It means Vitalik only holds Ethereum coins that have more than 10% dominance in his portfolio, and the rest of the other crypto assets are below 10%. Alternatively, we can say that the Ethereum co-founder holds a large number of top cryptocurrencies, including various promising projects that incorporate Ethereum.
Additionally, the Ethereum co-founder believes that Ethereum is the key to unlocking new possibilities within the blockchain space.
Many Crypto X users raised questions about this latest disclosure about Vitalik’s holdings, trying to know why Vitalik’s crypto portfolio doesn’t have significant exposure to top Cryptocurrency, Bitcoin.
Bitcoin vs Ethereum: ETH failing?
Bitcoin has a very long history with better outcomes per year in terms of price growth, but on the other hand, Ethereum has a better history of growth in terms of innovations.
Surging competition in the crypto space dragged the Ethereum blockchain network very far in the last four years, and it is clearly visible among the Ethereum investors.
The majority of the investors are now not in the mood to increase their allocation in Ethereum, instead looking toward a more efficient & fast blockchain network.
On-chain data reports showed that Ethereum’s percentage of the overall crypto market cap is down 36% over the past year, and also price level is struggling badly, while in the same time period, many other cryptocurrencies hit new all-time highs.
Moreover, many investors are now focusing on Ethereum due to its potential for future growth and innovation within the blockchain space.
Ethereum Foundation leadership under Vitalik Buterin
In the last few weeks, the crypto community raised questions about Ethereum Foundation (EF) leadership. In that situation, Vitalik took the leadership power into his own hands.
Just a day ago, 99% of the Ethereum community voted for Danny Ryan as the next leader of EF, but here we need to know that the voting process was not officially conducted by Ethereum leadership; it was only community-proposed voting. Some people claim that big ETH holders are trying to manipulate the decisions for the foundation.
Vitalik hates meme crypto token
It is a bitter truth that meme tokens helped to onboard a very big user base to the crypto space, but still, serious crypto entrepreneurs hate meme tokens, as they’re not relying on any utility of Crypto or blockchain technology.
Vitalik also doesn’t support meme tokens, although meme token culture helped to onboard a very big user base in the Ethereum ecosystem.
Usually, people donate different types of meme tokens to Vitalik using his public Ethereum address, but from time to time, he sells those received tokens for ETH donation purposes.
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