Cryptocurrencies
Ethereum Co-Founder Joseph Lubin Says Speculators Driving Price Swings
- Speculative ‘trader types’ are driving crypto price swings
- Lubin expects Ethereum to co-exist with hundreds of protocols
This article is for subscribers only.
Ethereum co-founder Joseph Lubin said this past year’s surge in the value of digital currencies was a bubble and the burgeoning ecosystem is stronger because of it even as prices tumble.
“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” Lubin said during an interview on Bloomberg Television. “With each of these bubbles we have a tremendous surge of activity and that’s what we’re seeing right now.”