HomeAltcoinVitalik Buterin ‘Welcomes’ a Crypto winter

Vitalik Buterin ‘Welcomes’ a Crypto winter


The current market capitalization dipped below $2 trillion last week, and major cryptocurrency executives have been increasingly discussing the possibility of a persistent bear market, sometimes known as a “crypto winter.”

“The people who are deep into crypto, and especially building things, a lot of them welcome a bear market,” In an interview released on Saturday, the Ethereum founder stated

He says when crypto prices rise and the market is in a bull market, it attracts a lot of attention and stimulates speculative thinking about incorporating crypto into ventures.

According to CoinMarketCap statistics, Ethereum’s native token ether has lost 35% year to date, falling from $3,722 at the start of January to $2,608 at the last check on Monday. So far in 2022, the leading cryptocurrency, Bitcoin, is down 19% as the overall market falls.

People that are “deep into crypto, and especially developing stuff,” according to the 28-year-old cryptocurrency billionaire, really prefer a down market. Buterin went on to say, “They prefer the bear market because when there are these extended periods of prices rising by tremendous amounts, as they do, it clearly makes a lot of people happy, but it also tends to attract a lot of extremely short-term speculative attention.”

If this is correct, cryptocurrency companies will have plenty of time to enhance technology before the next rise, since some crypto experts estimate the next bull market will not occur until late 2024.

Leave a Reply


Vasil’s hardfork is still 8 hours away; how will the ADA respond?

There are only a few hours remaining before the long-anticipated Vasil hardfork advances Cardano one step farther. Future network scalability improvements should be possible thanks to...

Shiba Eternity, a blockchain game, might raise prices.

The Shiba Inu is now less expensive. exactly like the rest of the cryptocurrencies, has decreased recently. Shytoshi Kusama, the company's creator, promised a tweet...

The SEC is carrying the wrong cards as a court decision over Ripple approaches.

The US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, and it appears that the case is developing. The deadline for both parties...

Terra Classic (LUNC) Do Kwon has left Singapore on the run ?

Contrary to the prevailing downward trend, Terra Classic is one of the few blockchains that may demonstrate a profit right now. Do Kwon, a co-founder of...

Follow us


Most Popular

%d bloggers like this: