The "dead" Vitalik Buterin: I can buy houses and stocks, why should I buy Bitcoin?

Diversification is an important aspect of modern everyday life. This is especially true in traditional finance, but it also applies to cryptocurrency holders. Ethereum founder Vitalik Buterin believes that investing in Bitcoin is one of the worst ideas. Although Ethereum has suffered a heavy blow after its surge, Buterin still won't invest in Bitcoin. This is a pretty remarkable decision, but it is also expected. Buterin has received more attention than Ethereum itself in the past two days. Recently, there have been rumors that Vitalik Buterin was unfortunately killed in a car accident. However, Buterin did not rush to make a public appearance to pierce the rumors, but instead released a photo holding a piece of paper with the height of the latest newly mined block of Ethereum written on it. This is indeed a good way to prove that he is still alive.

Vitalik Buterin has recently expressed some interesting, yet equally controversial opinions. Especially when it comes to finance, he believes that investing in cryptocurrencies would be a bad idea.

This is a surprising view from Buterin, considering he co-developed one of the world’s largest cryptocurrency ecosystems. Even if his creation fails, he would rather invest in stocks and real estate than Bitcoin. This statement will turn some people off, to say the least.

Buterin May Never Buy Bitcoin

It is true that Bitcoin is very volatile, but so are all other cryptocurrencies. No cryptocurrency can be a safe bet from a store of value perspective. Bitcoin's value has increased almost every year. Traditional investment vehicles have been declining in value most of the time, which makes their performance even worse. Real estate and stocks have not performed very well in the past few years. However, their markets and demand are much larger compared to cryptocurrencies.

“Why should I buy Bitcoin? If I want to diversify my investments, I will choose fiat currency, real estate, stocks, these old products. - Vitalik Buterin”

This discussion is part of the ongoing Ethereum Genesis Block issues. More specifically, the funds from the Ethereum Genesis Block have been moved to a split contract. It is not clear what exactly happened or why this was done. Some people believe that Vitalik Buterin is cashing out, but this seems unlikely. Even if it is true, he will never admit it. However, he does not deny it in the face of such an accusation, which is quite remarkable.

Opinions are always split when it comes to portfolio diversification. Bitcoin and other cryptocurrencies have a lot to offer, but they are also risky. However, the same can be said for other forms of investment available. Vitalik Buterin has some strange opinions on this, apparently. It is also to be expected that he would give such an unusual answer.