Vitalik Buterin is Making Significant Profits from his Dogecoin Investments

At present, the entire world is well aware of Bitcoin, Ethereum, and Satoshi Nakamoto. This is because these entities have been discussed at great lengths by the entire cryptocurrency industry. Additionally, these entities always find themselves in the headlines.

Bitcoin and Ethereum are always in the news for being the two largest cryptocurrencies in the crypto-verse. On the other hand, Satoshi Nakamoto is famous for his identity that is still a mystery to the entire crypto-verse.

Due to Nakamoto’s anonymity, the entire cryptocurrency industry is constantly trying to find facts and information around his identity. Almost every day, a new person comes up with his or her theory surrounding Satoshi Nakamoto, who is the founder of Bitcoin (BTC).

However, there is another major personality in the entire cryptocurrency industry is Vitalik Buterin. Buterin is the founder of Ethereum blockchain, which gave the cryptocurrency industry a revolutionary turn.

Ethereum is the major reason why many developers managed to launch their own cryptocurrencies. Furthermore, the developers also found it extremely favorable for them to launch decentralized applications (DApps).

He is one of the major personalities that have given a great push to the entire cryptocurrency industry. The network he created went on to lay the foundations of a decentralized finance (DeFi) system.

Despite being the most influential personalities in the entire cryptocurrency industry, Vitalik Buterin is not so much interested in making many media or digital appearances.

Vitalik Buterin hardly ever made an appearance on social media channels or other media sources. However, Buterin has also started finding himself being mention on social media platforms quite often. Since the start of 2021, Buterin has been finding himself in the headlines for several reasons.

One of his recent activities was when he started selling the meme coins he had in his possession. This caused a huge impact on the entire meme coin industry, resulting in an overall price drop for the meme coins.

However, the meme coin industry did not mind when it was established that Vitalik Buterin was using the money from the sales for charitable causes.

Just recently Buterin has made yet another appearance in the headlines with his recent activity involving the largest meme coin, Dogecoin (DOGE). During one of the podcasts called “Lex Fridman Podcast”, the founder of Ethereum revealed his investment in DOGE.

Buterin revealed that he had made an investment of $25,000 back in 2016 in Dogecoin (DOGE). Vitalik Buterin has revealed that so far he has made $4 million worth of profit from the particular investment.

Quite surprisingly, Vitalik Buterin has confirmed that the money he generated from DOGE sales would also go towards charitable causes.

Jerry Dedmon

Author: Jerry Dedmon

Jerry Dedmon is a new writer on Cryptocoin Stock Exchange, his articles are cryptocurrency news, analysis and blockchain news based. We recommend tuning in for Jerry's daily posts as they are always a great and interesting read.

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