Ethereum Founder's Hives Off 2040 Bitcoin And Crypto Price Prediction | Crypto

Ethereum Founder’s Hives Off 2040 Bitcoin And Crypto Price Prediction

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– Bitcoin, ethereum and other major cryptocurrencies have crashed in the wake of the Federal Reserve’s war on inflationthough some think the Fed’s “great pause” could be huge for crypto prices.
– The bitcoin price has fallen sharply since hitting a peak of almost $70,000 per bitcoin late last year. The ethereum price has also suffered an almighty crash with ethereum cofounder Vitalik Buterin issuing an urgent update warning in the run-up to ethereum’s major merge upgrade that begins next week.
– Now, as the price of other top ten cryptocurrencies BNB, XRP, solana, cardano and dogecoin swing wildly, Buterin has predicted cryptocurrency crashes will abate as crypto becomes the “Linux of finance” over the coming two decades (hot on the heels of Mastercard, Binance and Visa announcing game-changing updates).
– “In the medium-term future cryptocurrencies will settle down and be only about as volatile as gold or the stock market,” Buterin said. “The main question is just what level the prices will settle down at. In my view, a lot of the volatility early on had to do with existential uncertainty.”
– Buterin pointed to the repeat price crashes bitcoin has suffered over the last ten years, predicting the “existential” questions being faced by bitcoin, ethereum and other cryptocurrencies “are going to become more and more settled.”
– Following the huge 2021 bitcoin, ethereum and crypto price bull run, cryptocurrencies have begun to seep into the mainstream, with adoption on Wall Street, from technology companies and countriesmost notably El Salvadorwith Buterin saying crypto “finally feels meaningfully useful.” As adoption increases, Buterin predicts the market will settle further.
– “If, in 2040, cryptocurrency has made its way robustly into a few niches: it replaces gold’s store of value component, it becomes a sort of ‘Linux of finance,’ an always-available alternative financial layer that ends up being the backend of really important stuff but doesn’t quite take over from the mainstream, then the chance that it’s going to either disappear or take over the world completely in 2042 is going to be much smaller,” Buterin said, speaking just a week before ethereum’s long-awaited merge upgrade gets underway.

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