Skip to content

Ethereum Founder Buterin Says Crypto ‘Welcomes’ Another Winter

  • Cooling prices seen helping more sustainable projects
  • Buterin has shifted his focus to scaling Ethereum network
Video player cover image
Crypto's Teenage Years
From

Vitalik Buterin, co-founder of the Ethereum blockchain, says the digital-asset universe may actually benefit from the current retreat in coin prices that’s cast a chill on investors and is being referred to as another crypto winter. 

“The people who are deep into crypto, and especially building things, a lot of them welcome a bear market,” Buterin said during an interview with Bloomberg. “They welcome the bear market because when there are these long periods of prices moving up by huge amounts like it does -- it does obviously make a lot of people happy -- but it does also tend to invite a lot of very short-term speculative attention.”