Ethereum founder Vitalik Buterin believes that a period of “crypto winter” is coming, but he is positive that a prolonged decline could benefit the industry.
Buterin told Bloomberg, which looks at the market decline with a positive view.
According to him, the fall in prices could displace the surplus of speculators in the crypto space:
People who are deeply interested in cryptocurrencies, and especially in the productive segment, welcome the bear market because prolonged advances make investors happy, but attract a lot of speculators.
Buterin believes that the decline of the market will trigger the decline of everyone unreliable and short-term crypto projects that will go away. Only the stable will survive.
The billionaire himself devoted all his efforts to solving the problems of network scalability
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
What will help Bitcoin rise?
After months of sluggish price action, Bitcoin's value dropped significantly in November. For newcomers to the market, this is undoubtedly a shocking event, however, in fact, this is just a continuation of the cyclical rise and fall in the price of the world's first cryptocurrency. The value of Bitcoin will rise again as usual. The only question is what will serve as a catalyst for an increase in the price of a digital asset?
Technical Experts Predict Ethereum's Growth
The price of Ethereum will increase significantly when smart contracts can accept external data.
