Ethereum creators point to crypto bubble
He was not the only one to see this danger signal. The fluctuations in Bitcoin this week are indicative of the vulnerability in the crypto market.
Vitalik Buterin, 27, co-creator of the second-largest cryptocurrency, Ethereum, told CNN Business in an exclusive interview. Crypto is in a bubble
However, he stressed that "It's hard to predict" when the bubble will burst, he said, "it might be over. It might be over months from now. ”And he said there have been at least three massive crypto bubbles in the past.
Buterin acknowledged that the crypto market was likely to be "vulnerable" to disruption before it could. "Builds the immune system over time" and points to a key variable in the marketplace, Elon Musk.
“Elon Musk's tweet was something the crypto industry just met for the first time last year and this year. I think it makes sense to expect madness. But I think the market will learn that Elon will not have that influence forever, ”said Buterin.
As for the intervention by various governments At Leng, the goal is to "control" the crypto, butterin said. Although blockchain technology is decentralized and "The government cannot get rid of it completely," but the government can block or restrict its access. Therefore, investors should listen to the government sector and clarify their concerns. And pointed out that there is a risk that the crypto and government will unnecessarily face each other
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