This isn’t the first time Buterin has commented on the volatile...
This isn’t the first time Buterin has commented on the volatile ups and downs of the market. Last month, he said “There’s no ‘cure’ for bubbles except to let them run their course and pop, unfortunately.” Coinbase CEO Brian Armstrong offered his own perspective on the market a month ago, saying downturns are a great time to refocus and work on the ultimate task, which is the mainstream adoption of cryptocurrency. “The crypto industry is like no other I’ve seen – lots of up and down cycles (reaching a new plateau each time). There have been 3 or 4 of these now. It can be scary the first time you see it, but to us who have been in the industry for many years, it feels like old news. When there is hype, people are irrationally exuberant. When there is despair, people are irrationally pessimistic. Neither is true. Reality is always somewhere in the middle, more correlated with real usage (transactions per day) than the price. After many years of this, I’ve com...
