After a Long Wait, Vitalik Buterin Stepped Up for Ethereum – Here’s What He Said

Vitalik Buterin is back in the spotlight with his statement about Ethereum’s native asset, $ETH.

Responding to crypto analyst Ryan Sean Adams’s statement, “The last thing I want to hear from Vitalik is that $ETH is a store of value and one of the most important applications on Ethereum,” Buterin reiterated, “$ETH is a store of value and one of the most important applications on Ethereum.”

Buterin’s statement comes at a time when discussions about the future of the Ethereum ecosystem are ongoing and the asset’s value has significantly decreased. The question of whether $ETH is merely the network’s gas token or also a long-term “store of value” is frequently raised among investors.

In another statement last week, Buterin announced that he would be allocating $44.7 million from his personal funds to the Ethereum Foundation to prepare it for a “period of moderate austerity.” The transfer was carried out by moving the funds from one of Buterin’s Gnosis wallets to another.

*This is not investment advice.