Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The 27-year-old creator of Ethereum has become a billionaire

The 27-year-old creator of Ethereum has become a billionaire

Buterin co-founded Bitcoin Magazine, a publication that covers bitcoins and other cryptocurrencies, in 2012. In 2014, he was selected to be part of the Thiel Scholarship, a two-year program created by billionaire Peter Thiel that “gives $ 100,000 to young people who want to build new things instead of sitting in the classroom. “

He is not super active on social media – surprisingly for a person with 1.4 million followers on Twitter.

Ether (ELCHE) prices have more than quadrupled in 2021
and jumped 375%. Currently, cryptocurrency is the second largest digital currency by market value – slightly less than half of the market capitalization of bitcoin (ARSC). The total value of all etherium in circulation is now about $ 403 billion, according to CoinMarketCap. On Tuesday, an ether was priced at $ 3,482.

Although investors buy and sell thousands of different cryptocurrencies – including Ege Musk, fueled by the dogecoin tweet – ether and bitcoins account for nearly two-thirds of the total $ 2.3 trillion in the global crypto market.

Crypto enthusiasm jumped sharply in April, when the trading platform Coinbase went public worth $ 86 billion. Bitcoin has risen to a record high, followed by a wild 500% rally in dogecoin, an asset created as a joke in 2013. Proponents of cryptocurrencies have spent years insisting that ethereum, bitcoin and other digital coins can revolutionize the world of finance and with the success of the debut of Coinbase on Wall Street these supporters finally have their moment.
Part of the wave of ethereum can be attributed to the fact that it is the cryptocurrency chosen to purchase many irreplaceable tokens or NFTs – digital works of art and other collectibles that are transformed into one-of-a-kind, verifiable assets that are easy to trade on blockchain.

– Paul R. La Monica of CNN Business contributed to this report.

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