Vitalik Buterin Talks About Bitcoin Bull and Bear Market: “It Lasted Long”

in cryptocurrencies While investors are wondering when the bear market will end, statements from the important names of the market continue to come.

In this context, the last statement is the most altcoin Vitalik Buterin, founder of Ethereum (ETH)came from

Buterin, one of the well-known names in the crypto market, said in a recent interview with Noah Smith that he will start in 2021. Bitcoin (BTC) including crypto- He said that he predicted that the bull market in the currencies would end.

Last year, many investors crypto- Stating that he believes high prices in coins are the new normal in our lives, Buterin claimed that he knows that the bubble in crypto will eventually burst.

“The bull market in cryptocurrencies lasted for about 1.5 years and this rally spread over a long range. However, bull markets usually last between 6 and 9 months.

I think that these sharp declines we are experiencing are due to the long duration of the bull market.

But I knew that eventually the bull market would end and we would go down, but I didn’t know when.”

With its collapse in early May, it plunged the entire market into a sharp decline. Terra (Luna) referring to the collapse ETH The founder cited the blockchain project Terra, as an example of unsustainable projects that can only succeed in a bull market.

Lastly, Buterin mentioned Bitcoin, BTC’He said he believes the high volatility in the market will decrease significantly in the long run.