{"id":3283,"date":"2022-05-26T08:26:16","date_gmt":"2022-05-26T08:26:16","guid":{"rendered":"https:\/\/deficoins.io\/?p=3283"},"modified":"2022-05-26T08:26:16","modified_gmt":"2022-05-26T08:26:16","slug":"ethereum-co-founder-vitalik-buterin-is-not-a-billionaire-anymore","status":"publish","type":"post","link":"https:\/\/deficoins.io\/blog\/2022\/05\/26\/ethereum-co-founder-vitalik-buterin-is-not-a-billionaire-anymore\/","title":{"rendered":"Ethereum co-founder Vitalik Buterin is not a Billionaire Anymore","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Source: fortune.com<\/p><\/div>\n

The cryptocurrency crash has wiped out billions from the fortunes of blockchain traders all over the world, including the most prominent entrepreneurs.<\/p>\n

Buy DeFi Coin (DEFC) Now<\/span><\/a><\/div>\n

Now a prominent cryptocurrency boss, who is also a co-founder of one of the largest cryptocurrencies, has revealed that he has lost so much money that he is no longer a billionaire.<\/p>\n

Cryptocurrency has been on a bearish trend for most of 2022 but dropped to new lows for the year this month, with one of the popular stablecoins losing 98% of its value in what seemed to many cryptocurrency investors as an impossibility.<\/p>\n

Economic pain regarding cryptocurrency reached new heights last week after another blockchain plunged by 98% in just 24 hours.<\/p>\n

Terra (UST), which has been ranking amongst the top 10 valuable cryptocurrencies globally, lost its peg to the US dollar earlier this month.<\/p>\n

Cryptocurrency investors have pulled out, leaving the cryptocurrency markets in dire traits, with Bitcoin and Ethereum dropping to levels they have never reached since June last year.<\/p>\n

Now 28-year-old Vitalik Buterin, the Ethereum co-founder, has announced that he has lost billions in the bear run. This has had a negative consequence on Vitalik Buterin net worth.<\/p>\n

This is what the entrepreneur of the second-largest cryptocurrency in the world tweeted to his four million followers over the weekend:<\/p>\n

\"\"

Source: Twitter.com<\/p><\/div>\n

The ether token has already lost 60% of its value after reaching an all-time high of $4,865.57 in November last year. At the time of writing this article, Ethereum was trading at about $2000.<\/p>\n

\"\"

Source: Google Finance<\/p><\/div>\n

In November last year, when Ethereum and other cryptocurrencies such as Bitcoin had reached their all-time high, Mr. Buterin announced that he had ether holdings worth $2.1 billion, according to Bloomberg.<\/p>\n

Six months later, half of that fortune has been erased.<\/p>\n

Vitalik Buterin casually revealed his declining fortunes in a tweet thread where billionaires like Jeff Bezos and Elon Musk were being discussed, a club he doesn\u2019t belong to anymore.<\/p>\n

Ethereum is the second-largest cryptocurrency globally after Bitcoin, with a market cap of $245 billion.<\/p>\n

Buy DeFi Coin (DEFC) Now<\/span><\/a><\/div>\n

Vitalik Buterin and seven others co-founded Ethereum in 2013 while they shared a rented house in Switzerland just after his teenage years.<\/p>\n

Currently, he is the only one working on the project.<\/p>\n

However, the crypto crash has hit him and other Ethereum holders hard.<\/p>\n

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The cryptocurrency crash has wiped out billions from the fortunes of blockchain traders all over the world, including the most prominent entrepreneurs. Now a prominent cryptocurrency boss, who is also a co-founder of one of the largest cryptocurrencies, has revealed that he has lost so much money that he is no longer a billionaire. Cryptocurrency has been on a bearish trend for most of 2022 but dropped to new lows for the year this month, with one of the popular stablecoins losing 98% of its value in what seemed to many cryptocurrency investors as an impossibility. Economic pain regarding cryptocurrency <\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":""},"categories":[15],"tags":[],"acf":[],"yoast_head":"\nEthereum co-founder Vitalik Buterin is not a Billionaire Anymore - Deficoins.io<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deficoins.io\/blog\/2022\/05\/26\/ethereum-co-founder-vitalik-buterin-is-not-a-billionaire-anymore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum co-founder Vitalik Buterin is not a Billionaire Anymore - Deficoins.io\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency crash has wiped out billions from the fortunes of blockchain traders all over the world, including the most prominent entrepreneurs. 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