Explosive Cryptocurrency Growth Nears “Ceiling”, Vitalik Buterin Says • Live Bitcoin New…

According to the co-founder of the second largest cryptocurrency Ethereum, Vitalik Buterin, the days of rampant and explosive growth in the prices of digital currencies are over.

No More 1,000 Times Returns

Speaking to Bloomberg at the Ethereum Industry Summit conference in Hong Kong, the co-founder of Ethereum Vitalik Buterin shared his two cents on the current state of the cryptocurrency field. According to Buterin, we are past the point where 1,000 times growth is possible:

The blockchain space is getting to the point where there’s a ceiling in sight.

He continued:

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.

Ethereum’s co-founder also noted that the strategy of aggressive marketing which is what supposedly underpinned the growth in cryptocurrencies throughout the last years is no longer going to work:

That strategy is…