Because of the explosive price rises of Bitcoin, Ethereum and other coins, many consumers went to cryptocurrency at the end of last year. Usually for profit in the short term. It often lacks insight and knowledge about the technical intentions behind the cryptocoins. This is precisely why a bubble is created. The question therefore remains whether cryptocurrency is a smart investment in the long term. One swears by, the other warns. Now Vitalik Buterin has also shed light on this issue.
Man behind Ethereum warns
That is the inventor of Ethereum, one of the biggest cryptocurrency at the moment. He invariably tops lists with the most influential people in crypto. You would therefore expect him to encourage everyone to invest in what he sees as the future. Yet he gives the advice that you would not expect. According to Vitalik, traditional assets are still the best options in the long term if you want to make a profit. Cryptocurrency are still in the child phase, and do not generate stable interest.
That is what many people value from the young billionaire. He continues to look critically at the market he has become so rich himself. Unlike most crypto-evangelists, who keep calling that the digital coins will make you rich. Vitalik is clear about this: "Cryptocurrency is still a new and hyper-volatile asset class that can suddenly collapse to near zero," says Vitalik. "Do not put more money in it than you can lose. If you try to figure out where to put your savings, then traditional assets are still your safest option. "
Ethereum started July 2015. Ethereum is a decentralized transaction platform, where Ether is the currency that you trade on it. Now a coin is worth $ 940, but a year ago you got only $ 13 for it. We are now all hyper-focused in the short term, but no matter how you approach it or turn it, that is an unprecedented volatility that entails huge risks. There is a good chance that the future will look bright, but it will continue to carry that big risk for the time being.