In a recent development, Ethereum co-founder Vitalik Buterin revealed his crypto portfolio strategy. In addition, he also shed light on his Bitcoin holdings, which have triggered massive discussions in the broader cryptocurrency market today. In addition, this revelation also comes as ETH price recorded a surge of over 4%.
Ethereum Co-founder Vitalik Buterin Reveals Bitcoin Holdings
Ethereum co-founder Vitalik Buterin recently responded to a post by crypto analyst Udi Wertheimer, who argued that holding at least 10% Bitcoin is a must for any crypto investor. Buterin, however, countered this notion by stating, “I hold less than 10% in BTC. But I also hold less than 10% in anything that’s not ETH.” This statement highlights his heavy reliance on Ethereum, reinforcing his confidence in the network he co-founded.
Meanwhile, his disclosure suggests a strategy focused on Ethereum while maintaining minimal exposure to other cryptocurrencies. The revelation has sparked debates over whether industry leaders should diversify their holdings or stay committed to their primary blockchain projects.
Bitcoin Vs Ethereum Debate
The discussion gained momentum when another crypto influencer, DonAlt, mirrored Wertheimer’s statement but flipped the argument in favor of Ethereum. He stated that investors should allocate at least 10% to ETH, ideally making it 70% of their portfolio. This counterargument has fueled the ongoing rivalry between Bitcoin and Ethereum supporters, as both camps continue to advocate for their preferred asset.
Ethereum has long positioned itself as a blockchain with broader utility, offering smart contracts, DeFi applications, and NFT capabilities. Meanwhile, Bitcoin remains the dominant store of value and a hedge against inflation. Notably, Rich Dad Poor Dad author Robert Kiyosaki also labeled BTC as a safe haven while predicting the biggest market crash in history.
However, Buterin’s stance indicates his confidence in Ethereum’s long-term potential, despite Bitcoin’s undisputed dominance in market capitalization.
Ethereum Price Surges Amid Vitalik Buterin’s Comment
Following Vitalik Buterin’s revelation, ETH price today surged more than 4% and exchanged hands at $3,357. The token saw intraday top and bottom of $3,358.79 and $3,214.94, reflecting the volatile scenario in the market.
In addition, analysts attribute this ETH price uptick to large Ethereum whale accumulation trends. According to reports, the Ether whales have bagged 100,000 ETH during a recent price dip. Such strategic purchases often trigger positive sentiment, driving further interest from institutional and retail investors alike.
Meanwhile, with Ethereum’s network upgrades and increasing adoption, the asset continues to attract strong backing. Vitalik Buterin’s near-exclusive focus on ETH only strengthens the narrative that Ethereum could have more room for growth compared to other crypto assets.
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