Ethereum co-founder Vitalik Buterin, when he first entered the cryptocurrency world, was fully immersed in the Bit community and co-founded Bit Magazine (Bitcoin Magazine), but now he reveals that he almost does not hold Bit, and the vast majority of his personal assets are in ETH.
V God's Bit holdings account for less than 10%
A user X recently suggested that cryptocurrency investors' portfolios should have at least 10% allocated to Bit, and the correct allocation should be around 70%, saying "if you don't even have 10%, I really can't help you", but Vitalik Buterin responded:
My Bit holdings are less than 10%, but then again, my total holdings in non-ETH assets are less than 10%.
However, the Ethereum community has been somewhat saddened by this statement, as the price performance of Ethereum has lagged far behind Bit in recent years, and a user lamented that "a few years ago my Bit holdings were less than 10%, the rest were Ethereum, but now my Bit holdings have risen to 70%, but I haven't changed my holdings".
The above statement resonated with many users who are disappointed with Ethereum's poor price performance in recent years, with many saying "me too", "I can feel the pain in this response", "it's both cruel and interesting", and a user dissatisfied with Vitalik Buterin stated that "the only way for the Ethereum Foundation to provide value to the world in the next 30 years is to have you hold BTC, not sell/donate ETH".
Ethereum's internal troubles intensify
The Ethereum community has recently been increasingly dissatisfied with Ethereum's market performance and the Ethereum Foundation's fund management, as Bit has repeatedly set new highs, while Ethereum has yet to return to its 2021 high of $4,891, and the Ethereum Foundation's constant selling of ETH has failed to effectively promote ecosystem innovation, disappointing many.
Ethereum core developer and EIP-1559 co-author Eric Conner announced last month that he will be leaving the Ethereum community and will focus his efforts on the integration of cryptocurrencies and AI in the future, delivering another blow to the depressed Ethereum community.
To save Ethereum, Ethereum co-founder Vitalik Buterin announced last month that he will be making major reforms to the leadership structure of the Ethereum Foundation, and stated that Ethereum developers should focus on finding ways to raise funds and increase the price of ETH, such as burning some Gas fees or staking ETH and donating the proceeds to the Ethereum community.
However, there has been some good news for Ethereum recently, as the U.S. Securities and Exchange Commission (SEC) quickly approved Bitwise's Bit and Ethereum portfolio ETF on Friday, allowing the ETF to be listed and traded immediately on NYSE Arca, temporarily pushing Ethereum above $3,400 on Friday.
