Vitalik Buterin, co-founder of Ethereum, recently revealed that his personal cryptocurrency holdings are primarily in ETH, with less than 10% allocated to BTC. However, some people in the community are reminiscing about the past when BTC had less than 10% of his holdings, with the majority being in Ethereum. Now, BTC accounts for 70% of his holdings. Vitalik Buterin responded to the comments, stating that his BTC holdings are under 10%, but his holdings in non-ETH assets are also under 10%. The Ethereum community is disappointed with the performance of Ethereum's token price in recent years compared to BTC. Some users expressed their agreement with Vitalik's statement, while others felt the pain of the response. However, there were also users who criticized Vitalik Buterin, saying that the Ethereum Foundation should provide value to the world by holding BTC instead of selling or giving away ETH. The Ethereum community is increasingly dissatisfied with Ethereum's market performance and the management of funds by the Ethereum Foundation. While BTC continues to reach new all-time highs, Ethereum has yet to return to its 2021 high of $4,891. Eric Conner, a core developer of Ethereum and co-author of EIP-1559, announced his departure from the Ethereum community last month, further impacting the already low morale. In an effort to save Ethereum, Vitalik Buterin announced a major reform of the leadership structure of the Ethereum Foundation last month. He also suggested that Ethereum developers focus on finding ways to raise funds and increase the price of ETH, such as burning gas fees or staking ETH and donating the profits to the Ethereum community. However, there is some positive news for Ethereum as the US Securities and Exchange Commission (SEC) recently approved Bitwise's BTC and Ethereum combination ETF, allowing it to be listed and traded on NYSE Arca, which briefly pushed Ethereum above the $3,400 mark on Friday.
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Vitalik Buterin, co-founder of Ethereum, recently revealed that his personal cryptocurrency holdings are primarily in ETH, with less than 10% allocated to BTC. However, some people in the community are reminiscing about the past when BTC had less than 10% of his holdings, with the majority being in Ethereum. Now, BTC accounts for 70% of his holdings. Vitalik Buterin responded to the comments, stating that his BTC holdings are under 10%, but his holdings in non-ETH assets are also under 10%. The Ethereum community is disappointed with the performance of Ethereum's token price in recent years compared to BTC. Some users expressed their agreement with Vitalik's statement, while others felt the pain of the response. However, there were also users who criticized Vitalik Buterin, saying that the Ethereum Foundation should provide value to the world by holding BTC instead of selling or giving away ETH. The Ethereum community is increasingly dissatisfied with Ethereum's market performance and the management of funds by the Ethereum Foundation. While BTC continues to reach new all-time highs, Ethereum has yet to return to its 2021 high of $4,891. Eric Conner, a core developer of Ethereum and co-author of EIP-1559, announced his departure from the Ethereum community last month, further impacting the already low morale. In an effort to save Ethereum, Vitalik Buterin announced a major reform of the leadership structure of the Ethereum Foundation last month. He also suggested that Ethereum developers focus on finding ways to raise funds and increase the price of ETH, such as burning gas fees or staking ETH and donating the profits to the Ethereum community. However, there is some positive news for Ethereum as the US Securities and Exchange Commission (SEC) recently approved Bitwise's BTC and Ethereum combination ETF, allowing it to be listed and traded on NYSE Arca, which briefly pushed Ethereum above the $3,400 mark on Friday.