The world of crypto and blockchain technologies has not yet touched a ceiling, much less died. So thinks Joseph Lubin, Co-founder of Ethereum & Founder of ConsenSys
In an interview for CNN, Joseph Lubin talked with CNN’s Julia Chatterley about the volatility of the crypto market and how it can affect the price of cryptocurrencies and digital assets in the future.
Mr. Lubin was somewhat optimistic, mentioning that the use of cryptocurrencies and blockchain technologies will have a global influence soon. According to his vision, in a short time, much of the economic activities will have some relationship with some DLT.
According to Lubin, the rally of cryptocurrencies was due to a massive exposure of the general public to the benefits of cryptocurrency:
“The huge rally is about a lot of people understanding the promise of the technology and speculators getting a little irrationally enthusiastic about it.”
However, he was explicit in mentioning that this rally is not the most important that the cryptos will have. According to his way of thinking, cryptocurrencies are still in a very immature state, so it is not possible to speak of a ceiling stopping their growth.
Vitalik Buterin: No More Big Grows for Crypto
On the same subject, a few days ago, Vitalik Buterin commented that from his point of view, the price bubble was over, so it is quite difficult to see 1000x rallies or hyperbolic growths again.
In an interview for Bloomberg, Vitalik commented:
The blockchain space is getting to the point where there’s a ceiling in sight … There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.
Joseph Lubin: I Disagree on That. There’s so Much Growth Ahead
However, it seems that Lublin, despite sharing similar visions, disagrees with Vitalik Buterin on this point. When Miss Chatterley asked him what he thought about these statements, Mr. Lublin commented that although he respected these statements, he did not share them:
“Vitalik is brilliant, but I would have to disagree with him on that. This is a technology that’s going to impact how economic, social and political systems are built over the next few decades. So we’re really just at the start of this. There will be so much evolution.
The technology is still relatively immature. But there’s going to be so much evolution in this space, and everything that’s an asset right now is probably going to have representation as a crypto asset at some point in the future. So there’s just so much growth ahead.”
The public has increasingly accepted the market for cryptocurrencies and DLTs. Lublin is aware that one of the sectors that can offer greater attractiveness for current consumers and developers is the research and development of solutions to problems such as scalability, but above all, he is sure that “We’re gonna see some real excitement in the gaming space.”
Right now, the crypto market seems to be slowly recovering, but the behavior of graphs set at short and medium term candles tend to be different from those of graphs and indicators with candles longer than one week (which in most cases still retain a bullish tendency).