Ethereum co-founder Vitalik Buterin sold his ETH holdings when the cryptocurrency was at $700. He spoke about this during a discussion on Twitter.
A Bitcoin proponent under the alias American. HODL has suggested that all ETH holders also own BTC, but not vice versa.
Another user under the nickname Andrewstotle added that even Vitalik Buterin holds hundreds of bitcoins and uses them for calculations. At this point, the co-founder of the cryptocurrency himself joined the dialogue.
“Wait, what? I mainly use dollars for settlements (or local currency in the place where I am at a certain moment), ”he wrote.
The developer and bitcoin maximalist under the pseudonym WizardofAus.Hodl expressed confidence that Buterin sold his ETH above $ 1000, after which he transferred them to bitcoins instead of rubles and dollars.
Buterin replied that he did liquidate his cryptocurrency reserves for dollars, but with a market value of around $700. He donated part of ETH to charity.
The Ethereum Foundation sold its coins at $1,200, channeling the funds towards developer payments and grants.
Buterin added that he had not bought Bitcoin since 2017 inclusive.
Earlier, Buterin convinced the Ethereum Foundation to sell 70,000 ETH in December 2017 and January 2018, thanks to which the organization’s financial reserves were replenished by $100 million.