Vitalik Buterin Says That The Current Bearish Cycle in Crypto Market is Expected

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Ethereum co-founder Vitalik Buterin has stated in an interview with blogger Noah Smith that he is confident that the previous cryptocurrency bull market would end sooner or later.

According to him:

“Actually, I’m surprised the crash didn’t happen sooner. Typically, crypto bubbles last about 6-9 months after the previous peak has been overcome. A swift fall followed fairly quickly. This time, the bull market lasted almost a year and a half.”

He has said that this is a reflection of the “cyclical dynamics” inherent in cryptocurrencies.

He has added:

“When prices rise, many say that this is a new paradigm and the future, and when they fall, people begin to argue: this is doomed, and they are fundamentally mistaken.”