Recently, prominent venture capitalist Paul Graham posted a message on Twitter about the future of crypto. 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 have learned that “something big is about to happenBut his tweet is mysterious to say the least, leaving the crypto community perplexed.
The enigmatic publication of Vitalik Buterin
This November 21, Vitalik Buterin did a mysterious Twitter post about the future of cryptocurrency. Indeed he said:I hear […] something big is about to happen. Please acknowledge that my elite social connections with people in the lead make me cool and help validate my cool image.Some think the Canadian programmer was trying to mock Paul Graham’s post.
This might suggest that Vitalik Buterin reportedly did not take the warning seriously of the venture capitalist. Indeed, on November 20, Paul Graham said : “A person I have known for more than a decade and whom I consider trustworthy is convinced that the crypto economy will soon face systemic risk. I don’t know anything concrete, but if I were exposed I’d be concerned“.
Cryptocurrency: what future for the sector?
It appears that the crypto community ignored Graham’s tweet and deemed his warning unnecessary. However, it is clear that investors and others in the cryptocurrency industry are concerned about its future.
Indeed, many wonder what will be the next crypto companies to crash, after FTX. Last week, crypto skeptic Liron Shapira said Bitfinex, Tether and Binance could be next to fail.
A few hours ago, Paul Graham responded to Buterin’s post saying: “I didn’t forward this message to look coolThe founder of Ethereum then said: “I didn’t answer you”. “I’ll explain in more detail where I’m coming from. Basically, there’s something going on here where people are spreading rumors, and a lot of people are retweeting them, and a lot of people are starting to act on this informationhe added.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only added to my enthusiasm. I therefore decided to study and understand the blockchain and its many applications and to pass on information about this ecosystem with my pen.