An surprising twist befell on the current EDCON2024 in Tokyo. Within the highlight was Vitalik Buterin, founding father of Ethereum and one of the influential folks within the trade. Wearing a kimono and sporting a horse’s head, Buterin answered the query, “Who’re you?” in his opening speech with “I am a Dogecoin hodler”.
Everybody: Who’re you?
V: I am a Dogecoin hodler.#EDCON2024 @dogecoin @VitalikButerin pic.twitter.com/Uyj9A0U8k3
— EDCON (@EDCON2024) July 30, 2024
Nevertheless, for many who have been maintaining a tally of Buterin for a very long time, this isn’t information. Buterin’s curiosity in DOGE has been recognized since 2015. What’s extra, in 2016, he stated he had not bought any of his Dogecoins and was even planning to purchase extra. Quick ahead to 2021, and the Ethereum founder was discussing the potential of DOGE switching to proof-of-stake consensus utilizing Ethereum’s code.
How a lot DOGE does Buterin personal?
Little is thought about how a lot DOGE Buterin owns. Nevertheless, he stated on Lex Frodman’s podcast in 2016 that he invested round $25,000 as a result of he preferred the ethos and group. The common value of Dogecoin (DOGE) in 2016 was round $0.0002. Because of this Buterin could have acquired 125 million DOGE, which is equal to a bag of $15.63 million right this moment.
Whether or not Buterin saved his Dogecoin luggage or not is an open query, but it surely exhibits as soon as once more how the suitable imaginative and prescient and method can play out with the suitable cryptocurrency. Whether it is genuine, unites folks and has the texture of a cultural coin, whether or not it’s Bitcoin or a meme coin like DOGE, it’s prone to profit its house owners in the long term.