CryptoWatch: Ethereum chief warns cryptocurrencies could ‘drop to near-zero at any time’

The co-founder of Ethereum has put out a stark warning for crypto fans: Don’t bet the farm on cyberassets, because prices could “drop to near-zero” at any moment.

Vitalik Buterin took to Twitter over the weekend to caution people about digital currencies, which delivered blockbuster rises in 2017, before taking a beating at the start of this year.

“Reminder: Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more money than you can afford to lose,” the Russian-Canadian programmer said in his post Saturday.

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

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