Ethereum Co-Founder Gives Financial Advice
Vitalik Buterin, co-founder of Ethereum, recently shared some financial advice on social media. However, his advice did not sit well with Ethereum investors.
Ethereum’s Vitalik Buterin on Investing
Buterin responded to a post about billionaires Bill Gates and Warren Buffett, disagreeing with their advice and offering his own. The original post suggested being cautious about diversification and friends who recommend it. Buterin’s advice included having savings to cover multiple years of expenses and being conservative with investments.
Investors React
Many investors were not pleased with Buterin’s advice. Some argued that his advice was only applicable to those who are already wealthy. Others questioned why Buterin and his friends were selling Ethereum if it was a good investment.
Ethereum Price Outlook
As investors expressed their dissatisfaction, the price of Ethereum declined by 2.4% and reached $2,196. Since its high point in January, Ethereum has dropped almost 10%. Meanwhile, other cryptocurrencies like Solana and Avalanche have been performing better than Ethereum.
Hot Take: Mixed Reactions to Buterin’s Advice
Vitalik Buterin’s financial advice has received mixed reactions from the crypto community. While some appreciate his conservative approach and emphasis on financial safety, others argue that his advice is not applicable to those trying to get rich quickly. Additionally, questions have been raised about the actions of Buterin and his friends in relation to Ethereum sales. As the price of Ethereum continues to decline, investors are becoming increasingly dissatisfied with its performance compared to other cryptocurrencies.
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