Vitalik Buterin, the founder of Ethereum, the second-largest cryptocurrency after Bitcoin, expressed concerns about cryptocurrency.
Buterin said in an interview with CNN on the 20th (local time), “I think there is a bubble in cryptocurrency.”
“The bubble may have already ended, or it may be months from now,” he explained, “a situation that is very difficult to predict.”
Buterin also said, “The bubbles in the cryptocurrency value collapsed repeatedly when the public recognized that the technology to support the cryptocurrency was not actually in place.” I think I’m ready to be. It’s not just a toy anymore.”
He added, “There is a possibility that Ethereum will surpass Bitcoin and rise to the top of the market cap.”
This is because Bitcoin’s mining method is pointed out that excessive energy consumption can increase carbon emissions and lead to climate change.
In fact, the cryptocurrency market such as bitcoin showed a sharp decline in recent years, and Ethereum also surpassed $4300 each on the 11th, but the current price is at the level of 2700 dollars.
However, Buterin agreed that cryptocurrencies, including Ethereum, are still vulnerable to unexpected situations and celebrity comments.
Buterin predicts that “the cryptocurrency market tends to be vulnerable to devastating events, but will build up an immune system over time” related to the fluctuations in the value of Dogecoin and Bitcoin due to Elon Musk’s Twitter comments. did.
