Ethereum founder Vitalik Buterin believes that crypto assets market will not see more periods of such explosive growth as was usual in the past. According to him, there are no prerequisites for this anymore.
Buterin stated in an interview to Bloomberg that the reason behind the market recovery in 2017 and previous years when prices of digital assets showed a thousandfold increase, had been marketing and attempts to widely disseminate information about new technologies.
Now, said Buterin, the community has moved to a new stage — instead of generating news to attract new investors, real scenarios of technology use are spreading.
"The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore." Buterin said.
Ethereum creator has also added that the marketing strategy of the past years is already at an impasse. The new task for the community, in his opinion, is to develop an ecosystem at the expense of those who can utilize blockchain products in the real economy.