Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

“I QUIT,” Ethereum’s co-founder set to exit the crypto scenes

Published 07/19/2021, 05:01 PM
Updated 07/19/2021, 05:30 PM
“I QUIT,” Ethereum’s co-founder set to exit the crypto scenes

“I QUIT,” Ethereum’s co-founder set to exit the crypto scenes

Ethereum co-founder Anthony Di Lorio has revealed that he would be quitting the cryptocurrency world.

According to a Bloomberg report, the crypto entrepreneur mentioned growing security concerns as one of the reasons why he was exiting the digital currency industry. He said:

It’s got a risk profile that I am not too enthused about. I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.
Di Lorio, who is one of eight founders of the Ethereum network and also CEO of Canadian Blockchain Company, Decentral, is looking to sell off his software development company in the coming weeks for fiat, or equity in another company - not crypto.

He also noted that he is looking to invest in non-crypto ventures. “I want to diversify to not being a crypto guy, but being a guy tackling complex problems […] I will incorporate crypto when needed, but a lot of times, it’s not […] It’s really a small percentage of what the world needs.” Di Lorio said.

Lorio is not the only one feeling particularly bullish about Bitcoin and other cryptocurrencies. The Crypto Fear & Greed Index for Bitcoin and other large-cap cryptocurrencies is currently in the “Extreme Fear” region. Similarly, Guggenheim CIO Scott Minerd recently advised investors to avoid Bitcoin in the meantime.

Continue reading on BTC Peers

Latest comments

money is one of the least important things in the world
smart man.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.