Jim Breyer, CEO and founder of investment and venture firm Breyer Capital, has removed Ethereum (ETH) from his investment portfolio.
Breyer, a well-known angel investor of crypto platforms VeChain, Circle and Ethereum, has invested in more than 40 companies, including big-tech giants such as Facebook, Etsy, Spotify and Grammarly, and has stakes in blockchain-based businesses.
Based on the latest information displayed on Breyer’s portfolio page, however, it appears that the billionaire has dropped Ethereum.
In this look at Breyer’s portfolio via the Internet Archive, Ethereum was listed in Breyer’s crypto portfolio alongside Circle, VeChain, High Fidelity and digital banking platform Good Money, as of June 2019.
The portfolio now features four of the five platforms above – VeChain, Circle, High Fidelity and Good Money – in three separate categories: blockchain, media and financial technologies.
The reason Breyer moved on from Ethereum is unknown, but traders on Reddit speculate Breyer may have grown tired of waiting for Ethereum’s widely-anticipated upgrade, ETH 2.0.
Last month, Ethereum co-founder Vitalik Buterin and ETH 2.0 developers Danny Ryan and Justin Drake revealed in a Reddit ask-me-anything that they are hoping to launch ETH 2.0 on July 30th, in time for Ethereum’s fifth anniversary.