ether Co-founder Vitalik Buterin has publicly affirmed his personal conviction in ether ETH/USD as a store of value.

What happened: This statement is in response to ongoing discussions about the Ethereum team’s reluctance to promote the monetary aspects of ETH.

Buterin’s comment: “If I didn’t believe in ETH as a SOV, I wouldn’t hold ∼90% of my net worth in it,” was a response to observations by DCinvestora strategic advisor and private investor in the cryptocurrency space.

DCinvestor argued that despite Ethereum’s widespread use in DeFi and its significant total value locked (TVL), developers were hesitant to publicly discuss ETH’s status as a store of value, possibly due to concerns about regulatory scrutiny.

He stressed that ETH must be viewed as a desirable store of value in order for Ethereum to function securely under its Proof of Stake (PoS) consensus mechanism.

Buterin’s revelation offers a rare insight into his personal financial strategy and his confidence in Ethereum’s long-term value proposition.

This statement is particularly notable given the Ethereum development team’s historical reluctance to promote ETH as a store of value or programmable money.

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This stance has been a point of discussion in the crypto community, with some speculating that it was due to regulatory concerns or a desire to focus on the technological aspects of Ethereum rather than its financial implications.

Buterin’s comment seems to bridge the gap between Ethereum’s public positioning and its co-founder’s personal beliefs.

This suggests that while the core development team does not actively promote the monetary aspects of ETH, they firmly believe in its value preservation at the highest levels of the Ethereum ecosystem.

This development comes at a time when the cryptocurrency industry is grappling with evolving regulatory landscapes and changing perceptions of digital assets.

As the industry matures, the role of major cryptocurrencies as a store of value remains a major topic of discussion.

What’s next: The implications of Buterin’s statement will likely be a key discussion point at the upcoming Benzinga Future of Digital Assets event on November 19.

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