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.
