Altcoins
Company Reveals Ethereum (ETH) Inventor Vitalik Buterin’s Portfolio: Which Altcoins Are on His Buy List?
The cryptocurrency community has long been interested in Vitalik Buterin, the inventor of Ethereum (ETH), and new information about his altcoin investments is a revelation.
This relationship from cryptocurrency tracking platform Arkham explains it in detail, showing us how Buterin invests in cryptocurrencies and which altcoins he prefers.
Vitalik Buterin has made some strong statements about AI. As the co-founder of the second largest blockchain network, his net worth and investment preferences have become hot topics in the cryptocurrency sphere.
Buterin’s Ethereum Holdings Dominate His Net Worth
Vitalik Buterin is estimated to be worth at least $552.86 million as of January 2024, with most of his money coming from ETH assets. The report, based on Buterin’s ID numbers, states that he holds approximately 246,730 ETH tokens. Therefore, he controls a huge amount of Ethereum (ETH).
According to some sources, Vitalik Buterin controls a relatively small amount of ether, equal to 0.21 percent of the total Ethereum (ETH) supply.
Diversification beyond Ethereum (ETH)
While Ethereum (ETH) is undoubtedly the backbone of Buterin’s investment portfolio, he has diversified into other altcoins and crypto projects. Some of his notable non-ETH holdings include:
- 869.500 Italian: token worth about $609,780 from Kyber Network, where Vitalik Buterin is an advisor
- 196.42 Wrapped ether (WETH) tokens valued at around $436,920
- Approximately 101 million THE tokens worth $127,950
These investments reveal Vitalik Buterin’s focus on decentralized finance (DeFi) protocols and demonstrate his belief in altcoins as catalysts for change in the cryptocurrency space.
Buterin’s Altcoin Investments: A Cautious Approach
Despite some of his investments in altcoins, Vitalik Buterin has advised clients on the negative impacts of investing in emerging altcoins.
In March 2023, Buterin sold some of his altcoins, including CULT, BITE, and MOPS, stating that they have no cultural or moral value to them or anyone else and could cause losses to investors.
This further underscores the careful selection Buterin has made in investing in other tokens, particularly those he sees as complementary to Ethereum (ETH) and other virtual currencies. He emphasized the value of funding projects that can have tangible outcomes and demonstrate social relevance.
Another Altcoin on Buterin’s Buy List
While Ethereum (ETH) is one of the most prominent investments Vitalik Buterin has devoted his efforts to, he has been seen as eager to expand the amount of cryptocurrencies he holds. One of the altcoins that the media has claimed Buterin is interested in is RCO Finance (RCOF).
RCO Finance is a DeFi platform that aims to change the way investments are made by leveraging blockchain and artificial intelligence technologies.
The main attraction is its robo advisor, which is based on artificial intelligence and offers user-specific recommendations on investments, portfolios, or both, depending on the individual’s portfolio size, risk preferences, and time horizon.
It is a natural step for Buterin to invest in RCO Finance thanks to its contribution to AI-based DeFi solutions. These goals are in line with Buterin’s core idea behind Ethereum (ETH): providing equal access to investment tools and services, no KYC/AML controls and in-depth coverage of the international financial market, including stocks, bonds and derivatives.
The ongoing development of the cryptocurrency industry will lead to more contributions from Buterin to RCOF and other altcoins in decentralized finance. Given Buterin’s prominence in blockchain, his support for RCO Finance could increase its recognition and investment, cementing its status as a viable altcoin.
Take this initial opportunity to invest in RCO Finance (RCOF)
The current RCO Finance pre-sale has captured the attention of the crypto community, with over 38 million altcoins sold. Investors can purchase RCOF altcoins at a discounted price of $0.0127 eachwith a potential 3.000% increase if quoted at $0.4 – $0.6.
Other bonuses included in the pre-sale include a 40% discount on trading fees, free lifetime access to the robo advisory’s AI expert, and the ability to earn a quarterly revenue share based on participation.
To ensure the high security of the altcoin and the absence of falsified records, the smart contract is verified by Solid proofa security company.
It’s time for you to join Vitalik Buterin and other early supporters of RCO Finance and the decentralized world of financial technology.
For more information on RCO Finance (RCOF) pre-sales:
Join the RCO Financial Community
No spam, no lies, just insights. You can unsubscribe at any time.