Binance CEO Responds to Vitalik Buterin By Saying Cryptos WILL Grow 1000x
Binance CEO Disagrees With Vitalik Buterin And Affirms That Cryptos Will Grow 1000x And More
Vitalik Buterin, known as being the co-founder of the Ethereum network and one of the most popular developers in the crypto space, has recently tweeted that there is simply no more opportunities to invest in tokens that will grow 1000x today.
His statement went viral and he went to clarify later that he believes that there is a lot of space for growth in the market, but that there is simply no room for such an enormous fast growth like the craze last year.
Buterin also explained that a 1000x price increase today would mean $200 trillion in the crypto market, which would be 70% of the entire wealth in the world today. According to him, that is pretty exaggerated, as all the wealth in the world would simply not turn into cryptos.
According to him, further expansion of the industry would come from actual usage instead of the industry getting more attention or more speculators.
Some Relevant People Disagreed
The CEO of VeChain, Sunny Lu, has affirmed that, in his point of view, they should be focusing on how much business value can actually run on the blockchain and how to create the liquidity for this instead of talking about this.
A financial advisor from the OneAlt Group has agreed and spoken hat Buterin was not thinking in terms of business value. According to him, it is essential to do it if you want to understand the industry’s growth.
Changpeng Zhao, the CEO of Binance, was another people that disagreed with Buterin’s vision. He tweeted that “crypto will absolutely grow 1000x and more” and stated that reaching the USD market cap alone could boost the industry over 1000 times and that there is plenty of space for growth.