• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
ethereum vitalik buterin

Why Vitalik Buterin Is Not Worried About Ethereum Crashing

Reynaldo Marquez
by Reynaldo Marquez
3 years ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The inventor of Ethereum Vitalik Buterin and his father Dmitry “Dima” Buterin talked about the crypto market, volatility, and speculators. In an interview with Fortune Magazine Buterin claimed he is unbothered by ETH’s price downside action.

Related Reading | Glassnode: $7B In Bitcoin Losses Realized In Just Three Days, Highest In BTC History

Buterin and his father claimed they are used to volatility. The second crypto by market capitalization dropped from an all-time high above $4,500 to below $1,000, levels last seen in 2020.

Since its inception in 2014, Ethereum has seen similar or worst drawdowns. Back in 2017, the cryptocurrency reached its previous all-time high near $1,500 only to crash below $100 in the following months.

This is why Buterin and Dima claimed they aren’t worried about the recent bearish pressure and preferred to emphasize crypto’s potential use cases beyond finances, non-fungible tokens (NFTs), and some of the other popular use cases. Vitalik Buterin said:

Crypto has had ups before, and it has had downs before, and it will have ups and downs again. The down periods are certainly challenging, though they are also often the periods where the most meaningful projects get nurtured and built.

The inventor of Ethereum feels more concerned about speculators and short-term investors trying to make a quick profit. Thus, he believes the Ethereum network can go beyond financial use cases and expect to see it expand into new territory.

Cryptocurrencies can be used to support donation networks, as the article explains by talking about Buterin’s contributions to Ukraine, with decentralized autonomous organizations (DAOs). The inventor of Ethereum recently referred to “souldbound tokens” and how they can improve people’s internet experience.

Looking back at the early days of Ethereum, and what it has come to be, Vitalik Buterin said:

So, at first, I thought it would be something pretty small. Then I thought it would be maybe something interesting. The other thing that happened that I totally did not expect is just how big the crypto space got first in 2017 and then in 2021. I think that part of the rapid growth was definitely a big surprise to me.

Vitalik Buterin On The Future Of Ethereum

The second crypto by market cap is currently in the process of changing its consensus algorithm. From Proof-of-Work (PoW) to Proof-of-Stake (PoS), the network is said to become more scalable, while reducing its impact on the environment.

Right now, as the crypto market is in the red, Buterin expects the network to continue to grow and “become more mature”. In the coming years, the inventor of this network expects it to “meet the hopes and dreams of millions of people”.

In that sense, Buterin’s father highlighted the market’s cyclical nature and why crypto will always have “ups” and “down” periods. This time ETH could be heading, as Dim said, to the “era of mass adoption”.

This might come true if core developers succeed at launching “The Merge” on mainnet, the event that will complete ETH’s transition to its new consensus model, and they introduced technologies that help it improve its scalability.

Dima said:

It’s never a straight line. It’s not as smooth. Right now, there’s a lot of fear. There’s a lot of doubt (…). Nothing changes for me [in terms of outlook]. There is a bit of short term fear and speculators will be washed out, and, yes, there will be some suffering, unfortunately, and pain, and then life will go on.

Related Reading | Profit From Bitcoin’s Collapse? New ProShares ETF Makes It Possible

At the time of writing, ETH’s price trades at 1,100 with sideways movement in the last 24 hours.

Ethereum ETH ETHUSD
ETH’s price trends to the downside on the 4-hour chart. Source: ETHUSD Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Follow

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Full Profile

Related Posts

ethereum

Ethereum Sees Slight Drop But Whales Show No Signs Of Selling – Details

3 hours ago
Ethereum

Ethereum Eyes Breakout Toward $4,204 With Key Technical Formation In Play

8 hours ago
Ethereum

Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next

11 hours ago
Ethereum price

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

1 day ago
Ethereum

Ethereum Price Slips Below $2,500 — Sell Volume Suggests Mounting Bearish Pressure

2 days ago
Ethereum

Here’s Why The Ethereum, Dogecoin, And XRP Prices Suffered A Wipeout

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Cryptocurrencies have become the best way to invest as the...

    8 hours ago
  • Earn $3,777 a day: OPTO Miner cloud mining app now supports...

    8 hours ago
  • 【ETHRANSACTION Wealth Express】XRP surpasses DOGE! The...

    8 hours ago
  • Dogecoin (DOGE) holders get stable income at BJMining

    10 hours ago
  • Green Cloud Mining earns $3,777 a day: Helps you easily...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.