Ethereum (ETH/USD) founder Vitalik Buterin has warned that cryptocurrencies could fall violently at any time, CNBC reported.
"Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."
Buterin added: "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.
— Vitalik Buterin (@VitalikButerin) February 17, 2018
The Ethereum co-founder warned warned users to trust people offering cryptocurrency on Twitter.
In December, Buterin compared wild investment in the cryptocurrency market to the record sum paid for the world's most expensive painting, Leonardo Da Vinci's "Salvator Mundi."