V God Bitcoin holdings account for less than 10%, and most of them are in Ethereum

Ethereum co-founder Vitalik Buterin recently revealed the composition of his cryptocurrency investment portfolio, which has sparked heated discussions in the community. Although he has deeply participated in the Bitcoin community and participated in the founding of Bitcoin Magazine, Buterin currently has extremely low Bitcoin holdings, and most of its assets are allocated to Ethereum.

V God Bitcoin holding less than 10%

One X user recommends that crypto investors allocate at least 10% of their assets in Bitcoin, and even recommends that the proportion is as high as 70%. Buterin responded that its Bitcoin holdings ratio is less than 10%, and even the total holding ratio of all non-ETH assets is less than 10%.

This response resonates with the Ethereum community, especially considering that Ethereum prices have performed worse than Bitcoin in recent years. Many users shared similar experiences and expressed concerns about Ethereum's price trend. Some users even criticized Buterin, believing that the Ethereum Foundation should focus more on holding BTC rather than continuing to sell or give ETH in order to increase the long-term value of Ethereum.

Ethereum faces internal challenges

Recently, the Ethereum community has expressed strong dissatisfaction with Ethereum's market performance and the Ethereum Foundation's fund management strategy. Bitcoin has set new highs, but Ethereum has failed to return to its historical high in 2021. In addition, the foundation's continued selling of ETH and insufficient publicity on ecological innovation have caused the community to be sluggish.

The resignation of core developer Eric Conner is even worse. He announced his withdrawal from the Ethereum community and turned to the fusion of cryptocurrency and AI.

To deal with the dilemma, Buterin has announced major reforms to the Ethereum Foundation leadership structure and called on developers to pay attention to ways to raise funds and increase ETH prices, such as considering destroying some of the Gas fees or pledging ETH and giving back the proceeds to the community.

Recent positive news is that the U.S. Securities and Exchange Commission (SEC) approved Bitwise's Bitcoin-Ethereum combination ETF, which has been listed on NYSE Arca, once pushed Ethereum price to exceed $3,400.

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