"Absolutely, cryptocurrencies are definitely a bubble," says Jimmy Wales

The second day of the BlockShow Europe 2018 conference began with an opening of the opening by Jimmy Wales, who is the co-founder of Wikipedia and stated, among other things, that both cryptocurrency and Blockchain-based technology are "definitely and absolutely a bubble" "".

Speaking as part of a presentation on the future objective of crypto-active versus its representation in the press, the veteran Internet entrepreneur gave some frank words about the industry.

I think this is a space where we seriously need real and truthful journalism. Right now, we are in a bubble, the world of cryptocurrencies is definitely definitely in a bubble; and, truth be told, I do not think there are many people who can deny it.

The comments from Wales come as Bitcoin prices continue to deflate, reaching the minimum of US $ 7,050 yesterday, May 28, while now only support remains above US $ 7,000, something that commentators They hesitated this week.

In addition, Wales echoed the broader skepticism of the projects that involved a Blockchain-based technology that emerged in recent weeks.

Both Andreas Antonopoulos at a Polish conference earlier this month, and Bitcoin developers, Jimmy Song and Johnathan Corgan, at the Consensus 2018 conference issued a conviction for Blockchain versus Bitcoin.

Also, during this week, the Chinese government determined that the average life of a project of the block chain only 15 months.

"I'm not here to tell you that (the cryptocurrencies) will disappear tomorrow, things may be more intense first, what happens with the bubbles is that you never know when they will end, they may continue to appear or disappear tomorrow, but more importantly, it will explode" , Wales assured, demonstrating its skepticism before the heading.