fbpx
Opinions

The Ethereum Founder is NOT a Pessimist for Crypto

Vitalik Buterin has been bullied by the media over a statement that he made in the recent past. The intention and the context was ignored while the sentence was put into perspective of pessimism and Vitalik was attacked, for which he reacted recently on his twitter.

A few days back, Vitalik Buterin spoke in an interview about the future of cryptocurrency. One of the statements was misinterpreted by most of the crypto media. The statement said,

There isn’t an opportunity for getting a 1000x growth in anything in this space anymore.

Not only did the media misinterpret the statement made by the Ethereum co-founder, but the perspective of news publications which projected the image of Buterin as one who’s pessimist in context of cryptocurrencies waged a war against him on twitter. People like David Gokshtein, an entrepreneur, crypto enthusiast and influencer fell for the media projections, he tweeted against Buterin saying,


Similarly, Buterin garnered a lot of hate and disagreement for the misinterpreted version of the statement that he made.
Analyzing the direction the media was going in, Vitalik finally decided to speak up against the media clarifying that what he said had nothing to do with pessimism and was just an opinion centered around the fact that the time when people didn’t know about crypto, a phase came when the knowledge of blockchain and crypto flowed giving the market cap a rise of 1000x, but since every smart person now a days knows about blockchain and crypto, it is hard to get that level of surges in the market capitalization. The statement put in this perspective makes a lot more sense than the previous version where he was straight up blamed to be a pessimist.

He explained it later in in his tweet saying,


The statement makes a lot more sense as the $200T market capital for now, seems like crazy talk as the market capital is struggling to float over the $200 billion mark now-a-days. The only way that crypto can see that level of growths again (Might not be 1000x) is bringing blockchain to the mainstream by mass adoption and giving cryptocurrencies a mainstream utility purpose. Buterin made a comment in this regard,


The fact which is obvious right now is that Vitalik is seriously pissed at the media for misinterpreting his statement and he is taking on the ones who used his statement against him. He recently tweeted,

Although he did clarify his intentions about the market capital, there was still a wave of analysts who disagreed with his statement saying that crypto might see days of 1000x growth. David Gokshtein said that we’ve not even scratched the surface yet, while others have their own opinions,

With the twitter war that is going on, the only fact that is evident is that people are hopeful. They want the crypto market to reach the potential that they envision it to reach. The investors are keen for the day that their investments would bear fruit because at present time, the market capital is barely surviving.

Shehryar Hasan

Performing artist, guitarist and sub-editor at BlockPublisher. Shehryar is an electrical engineer and blockchain enthusiast. He holds investments in bitcoin, ethereum, OST, TRX and Ripple. Email: shehryar@blockpublisher.com or contact the editor at editor.news@blockpublisher.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close