Despite some pessimistic moods in the crypto community, Changpeng Zhao, the CEO of Binance, believes that crypto still has room for 1000x growth in the upcoming years.
Vitalik Buterin gives a logical explanation saying not just ‘euphoria’ but ‘actual usage’ will support the future growth of digital currencies.
Though some optimists still hope for the bright future for cryptos, Ethereum co-founder believes that we won’t see 1000x Growth again.
The discussion between the President and Ethereum co-founder focused on the possible use of blockchain technologies in the Russian Federation.
Ethereum has risen over 2000% in 2017. But it’s far from just another open ledger-turned-online-ATM; it’s an innovation reaching for a greater social role.
If the 25-year average is around $10,000, as increasingly looks to be the case, then it is likely that the real 25-year value of Bitcoin is in the region of $100,000 or so.
Metropolis is a part of a long-term ambitious plan to move the protocol toward the so-called abstraction.