Vitalik Buterin admitted when predicting DeFi. Lacking NFTs

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Vitalik Buterin admitted that he missed the NFTs when predicting DeFi and also commented on those predictions which were wrong and how much he learned. So let’s read more in our latest Ethereum news.

The beginning of the new year offers new opportunities to reflect on the past and advance the goal and intention. While other crypto personalities started 2022 with bullish predictions, Ethereum co-founder Vitalik Buterin admitted that he missed the NFTs when he predicted DeFi, and also shared what he’d learned more about the crypto space. Buterin has written and predicted many things in the industry, and some of them were spot on while he missed others by far. But one thing is certain, he’s not afraid to admit when he’s wrong.

Before the launch of Ethereum in 2015, Buterin was quite optimistic about Bitcoin and even wrote an article explaining the “international and censorship resistance” of BTC and how this cryptocurrency boosted the purchasing power and prosperity of citizens in countries like Argentina, Iran, China, and more. The Ethereum co-founder said he has already visited Argentina and found that crypto adoption is high, but stablecoin adoption has been higher because companies use USDT for their businesses. He wrote:

“I was actually in Argentina last week! My judgment: basically correct. The acceptance of cryptocurrencies is high, but the acceptance of stablecoins is also very high. Many companies operate in USDT. However, if the USD itself shows more trouble this could of course change.

– vitalik.eth (@VitalikButerin) January 1, 2022 “

Buterin then elaborated on the negative impact on BTC regulation, arguing that Bitcoin will defy the government by not only being smart about a legal category but also being technologically censorship safe.

Ethereum Got Other, Hard Fork, Upgrade, Altair, Arrow

Vitalik Buterin traveled to Buenos Aires to see inflation rates and the ETH community welcomed the creator to their country. Vitalik said it’s a lot more than he expected from the Ethereum community in Argentina. Even more than he has seen in the world so far and has launched several projects with Argentinian roots. He also noted that the country is incredibly talented and has a real need for blockchain technology as the Web3 solves the problems in the country.

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