Vitalik Buterin spoke about the purchase of DOGE in 2016 year – Bits Media

Ethereum co-founder Vitalik Buterin spoke about the investment $25 000 into a comic cryptocurrency DOGE in 2016 year, which subsequently brought him a profit more $4 million.

Doge appeared in 2013 year and became one of the first “funny” coins in the developing ecosystem of crypto assets. By The words Buterin, when he invested in Doge about $25 000 in 2016 year, He had no arguments, substantiating his decision. Even despite, that the founders of Dogecoin abandoned the project, In recent years, this coin began to "succeed", Largely thanks to the tweets of the general director of Tesla, Ilona Mask (Elon Musk). At the end 2020 of the year, when Musk once again began to promote DOGE, Her market capitalization has reached the mark $50 billion.

“At first, people did not perceive it seriously. I thought to myself: “How I explain to my mother, What I just invested $25 000 в Dogecoin?" The only thing, What is interesting in this coin, – This is a logo with a dog. But this was one of my best investments ", – said Buterin.

He remembered, When during quarantine in Singapore, Doge's course jumped on 775% from $0.008 to $0.07 in just one day. Then Buterin thought: "God, My doge is very expensive!»Then he called friends, said them, so that they “throw everything” and begin to sell this coin. Buterin said, that he himself sold half of the reserves of his DOGE, Having helped out from their sale $4.3 million. Buterin sent this money to the non -profit charitable organization GiveDirectly, created to combat poverty.

According to Butaterin, A few hours after the sale of DOGE on the local exchange, The cost of the coin fell with $0.07 to $0.04. Investing in DOGE, He did not count at all, that this coin will someday take possession of the attention of traders and enter the top ten leaders in market capitalization of cryptocurrencies.

“Doge is already becoming a phenomenon. There are many people, who heard about DOGE, but they don't even know about the etherium. I could not imagine this in any way ", – Buterin said.

Recall, that in May the co -founder of the etherium sold all his "dog" coins Shib, Akita and Elon for 15,719 broadcasts, Having transferred the proceeds to charity organizations.