Vitalik Buterin Discloses Bitcoin Holdings Below 10% Amidst Crypto Debate
Vitalik Buterin responded to Udi Wertheimer's claim that crypto investors should allocate at least 10% of their portfolio to Bitcoin. Buterin disagrees, stating:
“I hold less than 10% in BTC. But then again I’m under 10% in anything that’s not ETH.”
This indicates his strong commitment to the Ethereum ecosystem and minimal exposure to other assets, raising discussions about diversification among industry leaders.
Ethereum Price Movements
- After Buterin's announcement, Ethereum surged by 4% to $3,419.
- Subsequently, it dipped by 2% within 24 hours.
- Analysts report whale accumulation trends are supporting ETH price momentum, with 100,000 ETH acquired during a price dip.
- Thirteen mega whales joined the network recently, indicating significant accumulation activity.
- Institutional interest is growing, especially following the SEC's fast-tracking of Bitcoin and Ethereum ETFs for NYSE Arca listing.
Buterin's Preference for ETH
- Ethereum supports diverse functionalities such as smart contracts, DeFi applications, and NFTs.
- Bitcoin is viewed primarily as a store of value and inflation hedge.
- Financial expert Robert Kiyosaki labeled Bitcoin a "safe haven," warning of a market crash in February 2025.
- Buterin believes in Ethereum's long-term potential and emphasizes generating revenue through fee-burning mechanisms and staking incentives.