Vitalik Buterin, a veteran of the Blockchain industry, co-founder of Ethereum, the second largest in terms of market capitalization, is a realist.
Although Ethereum showed significant growth last year, Buterin recalls the profit / risk ratio. He does not want investors to have false illusions about fairy profits, reminding of significant risks. Meanwhile, since 5 February, the price of ETH has increased by almost 40%.
Buterin expressed himself in his Twitter account, which is often his platform for opinion, about the advantages of traditional investments in front of crypto-cracks, but only if the investor's savings are at stake.
It does not offer specific investment advice, although shares and bonds are about as traditional as securing securities. His comments reflect the sentiments of regulators around the world who do not want to see how investors are risking a new asset class. Meanwhile, even traditional asset managers are advertising the benefits of diversifying their investment portfolio.
The Board of Butcher does not invest "more money than you can afford to lose," does not sound the first time that he pays attention to crypto-currency prices. Previously, he expressed some disappointment that investors are focusing only on price. Back in December he wrote on Twitter:
His remarks also recall the words of other pioneers of the Blockchain industry, who also warned investors about the unknown risks associated with the experiment, which are crypto-currencies.
The project cost 100 million US dollars
While Buterin received a series of responses to his recent tweet, not all of which were in support, his role and influence are of paramount importance for the evolution of the market. It simply seems more project-oriented than the price of crypto.
For example, the recently announced grant program of the Ethereum Foundation plans to send 100 million US dollars to prospective projects in the Ethereum network for infrastructure and decentralized applications.
Other partners supporting the initiative include Cosmos, OmiseGO, Golem, Maker, Global Brain and Raiden. The founder of OmiseGO, June Hasegawa, said about cooperation:
"One isolated project can create a product for the destruction of the industry, but working together, we can create a structure that will change the world."
Author: Yevgeny Yakubenko, Analyst Freedman Club Crypto News
Image from Fotolia
Source: Read Full Article