RATE Group | Ethereum’s Vitalik Clarifies His Comments to Bloomberg, Throws ‘Jab’ at Justin Sun
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Ethereum’s Vitalik Clarifies His Comments to Bloomberg, Throws ‘Jab’ at Justin Sun

12 Sep Ethereum’s Vitalik Clarifies His Comments to Bloomberg, Throws ‘Jab’ at Justin Sun

Posted at 23:52h in Ethereum News by

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Ethereum’s Co-founder, Vitalik Buterin, has been branded by mainstream media as being a pessimist after he spoke to Bloomberg and declared that the the blockchain ceiling had been reached. He also added that there was no more room for the 1,000-times growth in the value of cryptocurrencies as everyone was hoping for. His exact words were:

The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.

His words even got a reprimand from Binance’s CEO, Changpeng Zhao, who responded as follows:

I still disagree with this. I will say “crypto will absolutely grow 1000x and more!” Just reaching USD market cap will give it close to 1000x, (that’s just one currency with severely restricted use case), and the derivatives market is so much bigger.

Vitalik…

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