Vitalik responds to comments about crypto reaching a ceiling

12 Sep, 2018
News
Vitalik responds to comments about crypto reaching a ceiling

Vitalik Buterin has responded to the criticism from crypto traders regarding his recent Bloomberg interview where he states " There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore."

Buterin has responded on Twitter to the criticism received due to his interview on Bloomberg. 

Buterin mentions that he doesn't believe crypto prices will soar 1000x as this would make up $200 trillion in market cap. However, he clarifies that he did not say that there is no room for growth. 

Buterin relates his statement to the fact that large portions of the population have heard of crypto and to see more growth in the industry, actual usage needs to be implemented and not simply attention. 

Buterin compares the idea of pumping cryptocurrencies utilizing media to TRON founder Justin Sun. 

Buterin ends his rant by stating that for 1000x gains, the industry needs to focus on adoption and real world usage and not simply price. 

Buterin clearly believes crypto has the potential to do 1000x if we can create real world use cases and adoption and not simply focus on creating hype and attention to projects. 

TRON founder Justin Sun replied to Vitaliks comments stating that he believes cryptourrencies will be worth $10 trillion market cap.

Even the Binance founder CZ had something to say about Vitaliks reply to the recent criticism.

Follow Chepicap now on Twitter and Telegram!

Poll

Do you think crypto will see 1000x prices again?

(4 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage