Ethereum founder Vitalik Buterin does not think cryptocurrencies will take over the financial system.
According to Reuters, Buterin expects traditional government-backed currencies to remain dominant, although the crypto industry has seen significant growth in recent years.
“I don’t expect cryptocurrencies to take over the world”
Various speculations continue about how the use of cryptocurrencies in payments and investments will affect traditional financial systems in the crypto industry.
Regulators are among the biggest hurdles facing the crypto industry. Especially with the collapse of the Terra ecosystem, the strict attitudes of the regulators have increased in parallel.
Buterin previously described El Salvador’s legal adoption of Bitcoin as “reckless”.
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