Joseph Lubin, ethereum co-founder and CEO of blockchain firm ConsenSys, has said the cryptocurrency market is "totally a bubble," according to a report.
However, in comments made to Bloomberg, Lubin clarified that the market is a "good kind of bubble" that comes when a "profound technology" appears and cannot build out fast enough for people to see its "value and vision."
As reported, he said:
Moving on to discuss China's recent restrictions of cryptocurrency trading, Lubin, said that he sees the move as a "pause" and not a ban. Instead, the regulatory move, he said, is positive news marking China's recognition of the importance of the industry.
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