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“Crypto Winter” Makes Vitalik Buterin Talk
The co-founder of the second most important blockchain in the world, expresses that the downward trend is good for the market
Contrary to what was thought to happen in late 2021 and early 2022, cryptocurrencies have not risen significantly, at least not as several analysts had proclaimed they would.
We know that the cryptoactive market is sentimental, and we see how in recent months there have been several economic, political and territorial conflicts that have pushed to sell.
Buterin, one of the cryptographic geniuses of the moment, believes that this drop in the tokens could bring more benefits than losses in the long term. We tell you everything in this article.
Vitalik Buterin: “Crypto Winter Is Going To Separate Serious Investors From Others”
The creator of the multifaceted network of Ethereum, has spoken out in the face of the depressive situation that has not stopped embracing the volatile market and that is also related to the drop in the stock market.
Investors are now much more cautious, nervously holding their money in their hands so as not to lose their assets in times of trouble.
For Buterin, this malaise in all investments could serve as a filter or strainer separating curious investors from serious ones, causing an active maturity in cryptocurrencies.
To reach a much more stable line or even better, for creators like him, a bullish market.
The community discovers which cryptocurrencies are sustainable and which are not
One of the best advantages according to Vitalik Buterin, is the improvement of the league of cryptographic projects, not only by entities that are scholars on the subject of crypto assets.
Also for current investors who do not have an optimized radar to speculate and know which cryptocurrency projects are sustainable and will keep their investment safe.
While the push becomes oppressive, the small, medium or large projects that do not resist will be exposed, decayed or may even disappear from the market.
Meanwhile, the digital asset projects that manage to survive will take on the image of resilience and security that every investor sees before joining.
Several involved in the crypto market agree with Buterin
The bear market is not only good for Vitalik Buterin, several creators or programmers strongly rooted in cryptocurrencies really celebrate that at the moment the value of the market is depressed.
Since this could speed up or improve your crypto construction in the volatile world, so that the foundations can withstand situations like these or even worse.
In the winter is the precise moment when the gaps widen and where the business models, personnel and idea are exposed and wobbly, hence the importance of being a sustainable project.
According to the media “infobae”, there are several examples of what a good project can withstand in a market winter. Like Open Sea, which came out right in 2017, in an unforgettable market crash.
We also talked about this platform in our previous article: “17 Open Sea users lost their NFTs”
Vitalik Buterin did not know exactly if cryptocurrencies had already reached another winter
Like most analysts in the volatile arena, Buterin didn't know what to think about how the market was acting from the core: Do the value of virtual currencies drop by reflex?
Previously, he thought that the subsequent fall in prices could be solved by the belief of several Internet users to buy when the market falls, but it seems that this time it will not be so.
The CEO of Ethereum expressed excitement and surprise since the rise of the market in November 2021, despite this, he also cannot know what will happen with the current market.
Speaking of a "Crypto winter" is not sure, but confirms the feeling of hope that a downtrend will only make the biggest and best digital currencies grow.
We have to consider that if we refer to a "Crypto winter" it would mean long dates where the market would stagnate in a cycle of sad numbers.
That is, the value of cryptocurrencies will not rise and heal in the short term, much less with tensions related to inflation and the continuing panorama of violence between Ukraine, Russia, Europe and the US.
