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On Wednesday (12 September 2018, around 2:00 AM UTC), with Ether (ETH) price below $180, Ethereum co-founder Vitalik Buterin claimed on Twitter that he had “never said that there is ‘no room for growth’ in the crypto ecosystem”, and that “1000x gains in *adoption and real-world usage* are very much possible.”

On 8 September 2018, Bloomberg reported that Vitalik had made the following statement at an interview that day at the Ethereum Industry Summit conference in Hong Kong:


“The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Now, however, Vitalik, seems to be saying (via Twitter) that what he meant was that there was no opportunity for 1000x price increases and that he was not talking about the potential growth in crypto adoption:


TRON (TRX) founder and CEO, Justin Sun, was quick to respond to this throwing of shade by Vitalik:

Vitalik then concluded on a very positive note:  

Changpeng Zhao, the CEO of crypto exchange Binance, commenting on Vitalik’s clarification of his views on the crypto space, was even more bullish than Vitalik, saying that he believed that the crypto market cap could easily become 1000x bigger:

At the time of writing, according to data from CryptoCompare, the Ether price is around $175.73, down 9.59% in the past 24-hour period.

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