Ethereum co-founder Vitalik Buterin sold his ETH holdings when the price of the cryptocurrency was around $700. He said this during a discussion on Twitter.
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A Bitcoin enthusiast under the pseudonym American.HODL suggested that all ETH holders also own BTC, but not the other way around.
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All the .eths hold bitcoin.
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None of the .hodls hold eth
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— AMERICAN.HODL (@hodl_american) August 16, 2020
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Another user under the handle Andrewstotle added that even Vitalik Buterin holds hundreds of bitcoins and uses them for transactions. At that point the co-founder of the cryptocurrency joined the discussion himself.
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> Even vitaliks unit of account is bitcoin
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Wait what? My unit of account is usually dollars (or the local currency of the place I happen to be staying in at any particular time).
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— vitalik.eth (@VitalikButerin) August 17, 2020
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“Wait, what? I mainly use dollars (or the local currency where I happen to be at any given moment) for calculations,” he wrote.
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Developer and Bitcoin maximalist under the pseudonym WizardofAus.Hodl expressed confidence that Buterin sold his ETH at a price above $1,000, after which he converted them into Bitcoin rather than rubles and dollars.
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Buterin replied that he did indeed liquidate his cryptocurrency holdings for dollars, but at a market price around $700. Some ETH he donated to charity.
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*I* sold ETH at ~$700, or about half the top (actually, both sold and donated). The *ethereum foundation* sold at ~$1200, and that money has gone into devs and grants since then.
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— vitalik.eth (@VitalikButerin) August 17, 2020
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The Ethereum Foundation sold its coins at around $1,200, directing the funds to developers and grants.
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Buterin added that he has not bought any Bitcoin since 2017.
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I did not buy any BTC in 2017 or later.
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— vitalik.eth (@VitalikButerin) August 17, 2020
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Earlier, Buterin persuaded the Ethereum Foundation to sell 70,000 ETH in December 2017 and January 2018, boosting the foundation’s reserves by about $100 million.
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