Vitalik Buterin believes we are in a crypto bubble: what you should do right now
The crypto crash of the past few days has shocked investors around the world. Vitalik Buterin isn't among them, even though the meltdown wiped out a huge chunk of his personal wealth. In fact, the 27-year-old co-creator of ethereum told Tuesday, he believed cryptocurrencies are in a bubble. 💥
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He stressed, however, that it's "notoriously hard to predict" when bubbles will pop. "We've had at least three of these big crypto bubbles so far," said Buterin, who co-founded Bitcoin Magazine in 2012. "And often enough, the reason the bubbles end up stopping is because some event happens that just makes it clear that the technology isn't there yet". 🌪️
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Last time a bubble burst was 2017 when BTC hit $20,000 but now "It feels like crypto is close to ready for the mainstream in a way that it wasn't even four years ago", Buterin said. Anyway in this high-volatile environment I suggest you to buy the dip only for your high-trusted coins and dollar cost average your transactions (we don't know how long the crisis will take to end!). 🔍