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Ethereum founder Vitalik’s Reminder: ‘Cryptocurrencies could drop to near-zero at any time’

One of the Founders of world’s Second biggest Cryptocurrency ‘Ethereum’ said that Cryptocurrencies are a nascent asset class and could fall violently at any time.

In his Recent Tweet, Vitalik issued a Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more money than you can afford to lose. The Visible concern that crypto is unpredictable and it may cause huge loss to people. He also added- If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.

Cryptocurrencies have recovered a bit from a drastic Breakdown, which witness the market lose as much as $100 billion in market value in a day. Yet now as market has back to the league the total Marketcap  near $500 Bln. Bitcoin recovered to a price above $10,000 last week after falling as low as $5,947.40 the week before.

The tweet itself create lots of buzz, while some appreciate vitalik for his honest point of while, while some mocks the tweet,  a Miami based Businessman replied to Vitalik’s tweet – Imagine to Henry Ford saying: “The cars are new and insecure to mobilize, try to walk instead drive”

 

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