Feb 21, 2022
Since the beginning of November, cryptocurrency prices have been dropping. People are now expecting this to continue
Analysis says the cryptocurrency market may benefit from a serious dip in Bitcoin's price.
Ethereum co-founder Vitalik Buterin thinks the crypto community is welcoming a bear market.
“People like the times when prices spike up because it’s an exciting time and prices will eventually come back down again. But these wild and unpredictable price increases set off a lot of speculation and cause people to trade against their own interests and make money they might not have otherwise.”
Buterin’s comments came not long after the popular crypto protocol Wormhole, a cross-blockchain bridge, was hacked for over $300 million. Buterin back in January warned about the risks of using cross-blockchain bridges.
Buterin’s Ethereum Foundation is leading the latest efforts dedicated to improving the blockchain’s scalability with perhaps the most significant upgrades in Ethereum's history