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Ethereum co-founder Vitalik Buterin has accumulated most of his known wealth as a coin owner. In 2011, at the age of 17, Buterin began to enter the cryptocurrency field and founded Bitcoin Magazine with Mihai Alisie (who later became one of the co-founders of Ethereum). While founding Bitcoin Magazine, Buterin and Alisie were also developing Egora, a decentralized Bitcoin eBay. He was dissatisfied with Bitcoin's limitations, such as the limited scripting language, which restricted Bitcoin's ability to run more complex smart contracts and decentralized applications. Subsequently, Buterin published the Ethereum white paper in November 2013 (at the age of only 19), proposing Ethereum as a solution for Bitcoin upgrades.

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