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Ethereum’s co-founder Vitalik Buterin becomes the world’s youngest crypto billionaire

Born in 1994, Vitalik Buterin is a Russian-Canadian programmer and author who founded Ethereum in 2014.

May 04, 2021 / 21:16 IST
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Source: Twitter

The price of Ether surged past $3,000 on May 4 making its creator, Vitalik Buterin, the world’s youngest crypto billionaire at the age of 27.

Cryptocurrency ether extended gains to another record peak, after breaking above $3,000 for the first time a day earlier as investors bet on its growing utility. Early in Asia trade it traded as high as $3,457.64 on the bitstamp exchange, for a session rise of about 17 percent.

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Traders have attributed the gains – which amount to some 365 percent for the year to date – to a catch up on bitcoin’s late 2020 leap and as upgrades to the ethereum blockchain make it more useful.

According to an address disclosed by Vitalik Buterin in October 2018, the 27-year-old Ethereum founder now holds over $1 billion worth of ETH in his main wallet.