Ethereum co-founder Vitalik Buterin gave an interview about the state of the crypto market and the future of blockchain technology, where he predicted the volatility of the crypto market would slow down as well as gold and equities in the medium term. Although he didn’t know what the price was.
ingive an interviewWith blogger Noah Smith, Vitalik says he knows the high crypto prices will eventually drop – but he doesn’t know when.
“It feels like people are getting too focused on the cyclical changes that crypto has always had and may continue for a long time,” he said.
Crypto has been through four years of market cycle experience. This corresponds to the halving rate of Bitcoin issuance, or halving, that will occur in approximately four years. While Bitcoin’s bottom price continues to increase with each cycle. So the percentage return on assets in each period is the same.
To that end, Smith asked Vitalik if this meant that Bitcoin would saturate and mimic gold price stability, to which Vitalik replied, “I think in the medium-term future. Cryptocurrencies will calm down and be as volatile as gold or the stock market,” he predicted.
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