Vitalik Buterin Reveals 90% of His Wealth Is in ETH, Earns €125k From the Foundation

The crypto mogul, who founded the most famous and longest-running smart contract platform, disclosed that 90% of his wealth is in Ether.

Vitalik Buterin, the creator of Ethereum, has stated that around 90% of his wealth is in ETH. This revelation came in response to rumors questioning his loyalty to the blockchain-based system that he helped design.

In a post on X (formerly Twitter), Buterin revealed the extent of his ETH holdings, indicating his strong belief in the cryptocurrency's potential as a store of value (SOV).

If I did not believe in ETH as SOV I would not hold ∼90% of my net worth in it.

Buterin, who is also a crypto mogul and the founder of the most renowned and long-running smart contract platform, disclosed that the majority of his wealth, amounting to hundreds of millions of dollars, is held in Ether.

The crypto mogul's heavy investment in ETH, a cryptocurrency that he played a pivotal role in creating, underscores his faith in the blockchain technology and its applications. This revelation is particularly significant considering the rumors that have surfaced regarding his loyalty to Ethereum.

While Buterin's massive ETH holdings attest to his faith in the cryptocurrency, the market did not respond positively to his post highlighting this fact. This news comes as the network is undergoing a period of change and the coin is facing a struggle to regain momentum, with a drop of -8.8% in the last 24 hours.

In another X post on the same day, Buterin addressed a separate line of questioning by revealing his salary from the Foundation.

Without hesitation, he stated that he earns 182,000 SGD (Singapore dollars), which translates to a little over €125,000 at today's exchange rate. This managerial-level salary is lower than what one might expect for the head of a project like Ethereum.

Buterin's open and direct responses to these inquiries offer valuable insights into his perspectives and priorities. Despite the clear message conveyed in his initial post regarding ETH's potential as a store of value, the market reacted unfavorably, highlighting the ongoing challenges in the cryptocurrency domain.