Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone.
Blockchain Ceiling in Sight
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin told Bloomberg. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
Vitalik Buterin feels that now any average person paying attention to the news knows about blockchain and cryptocurrency. Because of this, another 1,000-times growth in the industry is unlikely.
Last year, blockchain and crypto hit mainstream news in the latter half of 2017, and the crypto market exploded, resulting in an extreme crypto growth. It wasn’t just cryptocurrencies that were exploding either. Public companies started jumping on the blockchain-craze and began adding blockchain to their name and company focus.