Speaking to CNN, Buterin openly responded to the developments in the crypto world, while he entered the Elon Musk-Bitcoin polemic, which has been talked about a lot lately, almost from the middle of the book.
Ethereum founder Vitalik Buterin slaps Elon Musk like answer!!
In an interview with CNN, Ethereum founder Vitalik Buterin, who was personally injured in the fall in the crypto market last week, said that he was not worried about the market crash. Expressing that he has experienced it many times, Buterin likened the current situation to a bubble where it is difficult to know and predict when it will burst.. “It may well have ended already,” Vitalik added, before continuing with the premise that “It may expire months from now.”
We’ve seen at least three such big crypto bubbles so far.. Most of the time, the bubbles end because some advances have revealed that we are still not at that level technologically.
Buterin’s personal ETH address is currently worth $895M at current prices, holding a total of 325,000 ETH.. This is roughly 35% less than the $1.4 billion reached on May 12.
Crypto is nobody’s toy!!!!!
When Buterin was asked about the “Elon Effect” situation, he said that the question is a new development for the crypto space and Musk’s influence will diminish over time.
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Elon Musk’s tweets are a very recent development for the crypto space. We see [this process] last year and this year. A little crazy is to be expected.. But I think the market has learned its lesson.. Elon won’t have this effect forever.
I can feel that crypto is ready for the mainstream now, even though it wasn’t 4 years ago. Crypto is not a toy!!
Buterin added that Elon is not malicious, especially in the case of Dogecoin.
Like Vatalik Buterin, crypto The pioneers’ stance against the “Elon effect” can play a vital role in a much healthier process for the crypto space.
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