Cryptocurrencies ‘could drop to near-zero at any time,’ Ethereum founder warns

Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum Vitalik Buterin warned.

“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” Buterin said on Twitter. “Don’t put in more money than you can afford to lose.”

Buterin added: “If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.”

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