Vitalik Buterin, the co-founder of Ethereum and the Bitcoin Magazine, expressed optimism on the future of finance dismissing claims that the Rothschilds might influence crypto. He insightfully said that the Rothschilds didn’t have enough cash flow to finance their efforts of manipulating cryptocurrency and was confident about the future of Ethereum with the significant changes coming soon to the network.
Vitalik still expects cryptocurrencies to take over from fiat currencies, saying that fiat money will soon become a thing of the past. His views form part of an ongoing internet debate raging over who can or cannot influence cryptocurrencies. They came after dissenting opinions by Joost van der Burgt, policy advisor at Federal Reserve Bank of San Francisco, who called Bitcoin a bubble.
In van der Burgt’s opinion, Bitcoin would continue losing its value with the time, and its users would continue making losses. Vitalik dismissed the argument, saying that he was not concerned on Bitcoin or Ethereum price.
Reports indicate that Ethereum is implementing scaling solutions that will continue bringing change to one of the major alternative cryptocurrencies in use. Whether this will bring significant profit gains or not remains a matter for discussion. Nonetheless, Ethereum is an example of how cryptocurrencies will continue to untangle themselves from external manipulations.
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