Ethereum’s co-founder Vitalik Buterin Becomes Youngest Crypto Billionaire

While not a day goes by without cryptocurrencies being the center of attention, Vitalik Buterin’s fate may well be envious of.

At 27, the co-founder of Ethereum, the world’s second cryptocurrency behind Bitcoin, simply becomes the youngest billionaire in history to achieve such a fortune through virtual currency.

Billionaire in just 7 years

Originally from Russia, Vitalik Buterin spent most of his life in Canada. And if he seems to appreciate the cold on different continents, it is especially in technology and crypto-currencies that the young man of 27 years draws passion and resources.

Co-founder of Ethereum, a virtual currency launched in 2014, the year of its 20th anniversary, with 6 other people, Vitalik Buterin will have quite simply, in the space of 7 years, contributed to make this cryptocurrency the second in the world behind Bitcoin. 

Above all, it allowed him to have enough of it to, at the current price, exceed the billion dollars of personal fortune.

The news, announced by Forbes , sets a record in the world of virtual currencies, Buterin being, moreover, the youngest of the 7 co-founders of Ethereum.

A personal computer from the age of 4

Trained at the University of Waterloo (Ontario) as an engineer and programmer, Vitalik Buterin did not wait to finish his studies to immerse himself in computer science. 

Handling a central processing unit from the age of 4, writing a very serious encyclopedia on rabbits three years later while being passionate about hacking Excel sheets, Buterin has spent years getting his hands dirty.

His involvement within Ethereum quickly noticed since, from 2016, Buterin is rewarded with 31 th place on the 40 most influential people in the world under 40 years in the classification established by Fortune. More than 10 years after having founded Bitcoin Magazine in 2011, this cryptocurrency enthusiast now sits on a digital treasure of $ 1.09 billion.

Vitalik Buterin would thus own 333,520 Ethers, whose value reached a record on May 3, 2021. 1 Ether was then valued at $ 3,278, thus devoting the rise to power of Ethereum, whose currency has experienced a real explosion since the beginning of the year 2021.

Indeed, its value jumped 325%. Buterin and the cryptocurrency firm are notably benefiting from the growing use of DeFi, an acronym for decentralized finance.

Note that the five main Defi protocols in amounts, Aave, Compound, WBTC, Maker, and Uniswap, were all created on Ethereum, and that two-thirds of the amounts committed to decentralized finance, i.e. $ 93.3 billion, are via Ethereum. 

Suffice to say that Vitalik Buterin can see happy days coming and going in his home in Zug, Switzerland

vSport Staff
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