As a seasoned analyst with over two decades of experience in the tech and finance industries, I’ve witnessed numerous unexpected turns and twists that have shaped the digital currency landscape. The recent antic by Vitalik Buterin at EDCON2024 in Tokyo was undeniably one of those moments. Dressed in a traditional kimono with a horse’s head, he declared himself to be a Dogecoin hodler, leaving the audience in awe and intrigue.
At the recent EDCON2024 conference held in Tokyo, there was an unexpected turn of events. The center of attention was Vitalik Buterin, Ethereum’s founder and a key industry influencer. In an unconventional display, he appeared on stage wearing a traditional Japanese kimono and a horse’s head mask. During his opening address, when asked, “Who are you?”, Vitalik playfully revealed himself as a dedicated Dogecoin holder by saying, “I am a Dogecoin holder.”
Everyone: Who are you?
V: I’m a Dogecoin hodler.#EDCON2024 @dogecoin @VitalikButerin
— EDCON (@EDCON2024) July 30, 2024
For long-time observers of Buterin, his involvement with DOGE is nothing new. His affinity for DOGE dates back to 2015, and in 2016, he made it clear that he hadn’t sold any Dogecoins and was considering buying more. Now, in 2021, the Ethereum founder has been discussing the potential of DOGE adopting proof-of-stake consensus using Ethereum’s code.
How much DOGE does Buterin own?
It’s not clear exactly how much Dogecoin (DOGE) Vitalik Buterin owns, but in an interview on Lex Fridman’s podcast in 2016, he mentioned that he initially invested around $25,000 due to his appreciation for the project’s ethos and community. Given that the average price of DOGE was approximately $0.0002 in 2016, this would equate to roughly 125 million Dogecoin at the time. With current prices, that initial investment could be worth around $15.63 million today.
It’s uncertain if Vitalik Buterin cashed out his Dogecoin holdings, but it underscores the power of a compelling vision and strategy in the world of cryptocurrency. If a digital currency is genuine, fosters community, and carries a cultural appeal—be it Bitcoin or a meme coin such as DOGE—it’s probable that its holders will reap benefits over time.
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2024-07-31 18:53