Vitalik Buterin Earns Over $4 Million From DOGE Investments
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The Ethereum creator Vitalik Buterin has made more than $4 million from his investments in the meme cryptocurrency Dogecoin (DOGE). In a podcast by MIT researcher Lex Fridman, he has revealed he invested $25,000 in the altcoin in 2016.

According to Buterin, he was impressed by the Dogecoin community, but had no objective reason to invest in the asset:

"I just remembered thinking to myself, 'how am I going to explain to my mum that I just invested $25,000 into Dogecoin?' Like, the only interesting thing about this coin is a logo of a dog somewhere. But of course, that was one of the best investments I have ever made."

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Buterin noted he did not expect the speculative excitement caused by Elon Musk's tweets about the crypto. He said he was isolated in Singapore when the DOGE price soared 775% in one day.

The Ethereum co-founder has sold half of the coins and donated $4.3 million to non-profit GiveDirectly.

Buterin does not believe there is "sophisticated malice" in Musk's actions. According to him, the entrepreneur is "just a person who likes dogs."

He stressed Tesla and SpaceX will have to eventually adopt Ethereum at some point if they want to remain in the crypto ecosystem. Buterin added:

"Bitcoin is a blockchain for money, and Ethereum was originally created as a general purpose blockchain."

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