Should You Be Worried About Crypto’s Future?
Ethereum co-founder Vitalik Buterin shared in a recent interview that he’s worried about crypto’s future. He cautioned overeager investors from swarming crypto, hoping for a gold rush.
Buterin’s warning comes after this week’s Federal Reserve quarterly meeting, announcing that interest rates will increase by a quarter percentage point.
In major crypto news last week, President Biden also issued an executive order outlining the “responsible development of digital assets.”
While this was fairly well-received since it didn’t specify a regulatory path, it does mean that the U.S. is prepared to coordinate further action. Unfortunately, this is enough to make some investors uneasy.
Furthermore, the context of the COVID-19 pandemic, 40-year-high inflation, and the Russian invasion of Ukraine is all bearing down on markets.
Each of these factors will significantly affect crypto’s longevity. One expert, the man behind Ethereum, worries that crypto is on the wrong track.
SWIPE UP TO READ MORE!
Is Crypto Mining Profitable in 2022?
8 Women-Led Crypto Projects You Should Know About