Just recently, famed venture capitalist Paul Graham posted on Twitter regarding the future of cryptocurrencies. According to the latter, the collapse of the economy of the entire cryptocurrency sector is imminent. Some time after this publication, Vitalik Buterin indicated that he would learn that “something big is about to happenBut his tweet is nothing short of mysterious, leaving the crypto community perplexed.
Vitalik Buterin’s enigmatic publication
This November 21, Vitalik Buterin done a mysterious Twitter post about the future of cryptocurrency. In fact, he said:I feel […] something big is about to happen. Please acknowledge that my elite social connections with people who are upfront about things make me cool and help validate my good looking image.“. Some think that the Canadian programmer was trying to make fun of Paul Graham’s post.
This might suggest it Vitalik Buterin reportedly did not take the warning seriously of the venture capitalist. Indeed, on November 20, Paul Graham She said : “Someone I’ve known for more than a decade, who I consider trustworthy, is convinced that the crypto-economy will soon experience systemic risk. I don’t know anything concrete, but if I were exposed, I would be concerned“.
Cryptocurrencies: what future for the sector?
It appears that the crypto community ignored Graham’s tweet and deemed his warning unnecessary. However, it is evident that investors and others in the cryptocurrency industry are worried about his future.
Indeed, many are wondering what will be the next cryptocurrency companies to collapse, after FTX. Last week, crypto skeptic Liron Shapira said that Bitfinex, Tether and Binance could be next to fail.
A few hours ago, Paul Graham commented on Buterin’s post saying: “I didn’t forward this message to look cool“. The founder of Ethereum then stated: “I didn’t answer you.” “I will explain in more detail where I come from. Basically, there’s a “thing” going on here where people are spreading rumors, and a lot of people are retweeting them, and a lot of people are starting to trade this information“, He added.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.