By Samantha Chang April 23, 2018
Ethereum co-founder Vitalik Buterin is reportedly worth more than $400 million, but he’s nonchalant about his vast wealth. The 24-year-old, says today’s bitcoin millionaires became rich mostly through luck, although most won’t admit it.
The Difference Between Intelligence and Luck
Cryptocurrency bulls like to think they’re smarter than “the masses” for buying crypto before it became trendy, but Buterin says no one could have foreseen the bitcoin bubble and ensuing riches it bestowed on early adopters.
“It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter,” Buterin told the Financial Times April 19, 2018. “[They think] ‘I was loyal and I was virtuous, and I held through, and therefore I deserve to have my five mansions and 23 Lambos!’”
This sentiment is not the first time that Buterin has mocked the “When Lambo?” trend popular among new crypto millionaires. He finds the obsession with cryptocurrency prices and get-rich-quick schemes unseemly. In fact, Vitalik is aloof regarding the daily price swings of bitcoin and ether, Ethereum’s native currency.
When Buterin’s net worth started ballooning into the millions, his first thought wasn’t, “Yay, I get more stuff!” he recalled. “It’s more certainty that I won’t have to worry about money for a long time.”
Buterin: We’re Sort Of In A Bubble
While skeptics dismiss bitcoin as a bubble that’s bursting, even crypto evangelists like Buterin concede that we are in a bubble-like environment.
“We’ve created a culture where some totally random project raising something like $8 million is like, ‘Oh, yeah that’s peanuts,’” he says. “[That’s how you know] you know you’re in a bubble!”
More at: Ethereum’s Vitalik Buterin Discusses Bitcoin Bubble and Blockchain Fame – BTCMANAGER