Vitalik Buterin: ’The cryptocurrency market supposed to be as the stock one but the opposite happened’

Vitalik Buterin compared the cryptocurrency market with the traditional one. He mentioned that it should have been as stocks but completely opposite happened.

Image source: vk.com

In of the latest tweets, Vitalik Buterin compared the cryptocurrency market with the traditional one. He mentioned that cryptocurrency should have been as stocks, however, the result was completely different.

Image source: Twitter @VitalikButerin

Mainly, the volatility has increased since mid-March when both the stock market and the cryptocurrency one collapsed. The S&P 500 index has lost 35% of its share when the pandemic started.

Image source: TradingView S&P 500

In terms of the cryptocurrency one, it also sharply went down. The creation of Vitalik Buterin (@VitalikButerin), Ethereum (ETH) decreased by 70% which confirms the direct correlation with the traditional market.

Image source: TradingView ETH

#Ethereum #Vitalik Buterin #S&P500

Peter Smith E-mail

Pete is an expert in content creation with a passion for the global economy and equities market.