Ethereum’s Co-Founder Speaks Bullish About Market Drop, Diminishing ‘Bubble’ Talks

Ethereum’s Co-Founder Speaks Bullish About Market Drop, Diminishing ‘Bubble’ Talks

Last week the market of cyber assets went through an unpleasant turmoil, seeing significant falls in comparison to the first week of March.

For example, bitcoin started falling after March 7 from $10,656 to $8,814 on March 12. Ethereum, in its turn, dropped from $794 to $660 almost within the same time frames, as per data.

As usual, lots of crypto bears started stirring up conversations about a crypto bubble bursting.

However, Canadian entrepreneur and Ethereum’s co-founder Joseph Lubin does not agree with that. In a conversation with Bloomberg TV-presenters, he called such views purblind.

Ethereum’s co-founder speaks out

Lubin seems to be the person who feels free on the crypto market just like a fish in water.

Nevertheless, before he commented on the bubble-talks, Ethereum’s co-founder emphasized that he and his colleagues are so much concentrated on developing decentralized apps on the ethereum platform, that they hardly find time to consider bitcoin issues.

Then, he added:

“But I would argue that we’ve seen a correction in our space, calling it a bubble to have been popped is a little bit shortsighted.”

According to Lubin’s words, what is happening is still the early stage of crypto market development.

No reason for not being bullish

Also, Lubin seemed to be positive about the whole thing in the crypto ecosystem, despite slight decreases in cyber currencies prices.

In particular, Ethereum’s co-founder said that he and his associates are more than satisfied with what is going on in the field of regulation.

Regardless of the drop in market values, Lubin appears happy with the direction that the industry is taking, particularly in relation to regulations.

In spite of the fact that there are lots of scam schemes in the niche, Lubin said that it is normal for a halt to take place there.

Ethereum Foundation Confirms Upcoming ‘Istanbul’ Upgrade
On November 7th, Péter Szilágyi announced the date of the foundations impending upgrade, known as ‘Istanbul’. This upgrade will be the eighth hard...
Ethereum Devs Name The Date of Postponed Constantinople Fork
As it is known, on January 17 the Ethereum’s update Constantinople was supposed to be activated. However, this did not happen due to a vulnerability...
Ethereum Devs Postpone Constantinople Fork Due to a Vulnerability
Anticipated to occur on January 17, the long-awaited Ethereum’s Constantinople update has been delayed again. The cause is the recently found...
Ethereum Becomes Second Most Valuable Crypto Again
Ethereum has finally recovered and reclaimed its title of the second most valuable cyber-asset in the world after its elder brother bitcoin. Gaining...
Here’s When Ethereum’s Constantinople Hard Fork Will Happen
Constantinople hard fork will occur in the middle of January, a new agreement between Ethereum developers implies. Earlier it became known that the...
Ether Mining No Longer Profitable, Says Semiconductor Analyst
Mining ether at home is not lucrative any longer, particularly, when using kits with graphics processing units (GPUs). The latter is Nvidia's top...
Ethereum’s Lubin Says Blockchain Will Develop Longer Than Internet
Many crypto-experts have predicted that the enactment of DLT would be as revolutionary as the one of the World Wide Web. However, the situation with...
700 Households in Germany Benefit from Ethereum Energy Project
Cheaper energy due to the unaltered ledger is real. Lition, an Ethereum-based project, supplies 12 largest German cities with energy at a lower cost...
Why Ether Price Shorts Break the Record
On October 11 an immense selloff started on the cyber-asset market. Within a few days, the market lost around $19 billion in value, reaching the...
Ether’s to See Good Times, Bitcoin Bull Tom Lee Predicts
Bitcoin bull Thomas Lee has switched his attention to the second most popular cyber-coin ether. Lee, who is the head of research at Fundstrat Global...