Vitalik Buterin Mocks Claims That The Crypto Industry Will Crash

Vitalik Buterin mocks claims that the crypto industry will crash. 

Buterin’s Tweet

The co-founder of Ethereum Vitalik Buterin has recently poked fun at finance and crypto influencers on his Twitter, mocking the way these influencers often use their status and “elite social connections” to spread FUD about the crypto industry.

I’m hearing through the grapevine that something important is about to happen. Please recognize the fact that my elite social connections to people who are early to know things make me cool,” Vitalik tweeted sarcastically.

Related: Ethereum Tanks After FTX Hacker Dumps Millions of ETH

This post was seemingly made to mock entrepreneur and venture capitalist Paul Graham who tweeted a warning against the crypto industry earlier today.

A person I have known for more than ten years, who I consider trustworthy, is convinced the cryptocurrency economy will shortly experience a systemic risk. I don’t know anything concrete, but if I were exposed, I would be concerned.” Graham wrote.

Buterin’s View On The Industry

The co-founder of Ethereum has made it clear that despite the current crypto winter and chaos within the crypto industry due to the recent fall of FTX, he seems to remain bullish on the potential of the industry in the long-term.

In a recent interview with Sumiko Tan, executive editor of The Straits Times, Buterin even says that he doesn’t even keep track of the price of Ether very closely, claiming that he doesn’t speculate on crypto because he prefers to buy and hold for the long-term.

In regards to the fall and bankruptcy of crypto exchange FTX, it doesn’t seem like Vitalik Buterin has been disheartened by it all that much, instead saying that the collapse contains massive lessons for the crypto industry that can help push it forward.

Related: Cardano Releases New Privacy Blockchain Midnight and Dust Token

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