Ethereum (ETH) founder Vitalik Buterin says there are currently three big opportunities in the crypto industry right now.
Buterin joined an episode of the Bankless podcast to lay out what he sees as the three biggest opportunities currently existing in the crypto field.
While acknowledging that there are less obvious ideas than there used to be, the Ethereum creator first names crypto wallets as one “huge” opportunity.
“There’s definitely less low-hanging fruit out there right now and I think that’s important to just recognize. I think there’s a huge amount of opportunity, like if you can make a wallet that a billion people will use – that’s a huge opportunity.
Next, Buterin says that stablecoins will likely be a sector of the crypto industry that sees the appearance of the next big innovation.
If you can make a stablecoin that can actually survive anything up to, and including, a US dollar hyperinflation and, you know, DOGE forbid the US dollar hyperinflation actually ends up happening then, you know, that’s a huge opportunity as well if you can create something that will feel like a lifeline for everyone going through that situation.
The third opportunity Buterin identifies has to do with using crypto to threaten the hegemony of Big Tech over the internet.
If you can get signed in with Ethereum to work and if you can unseat Facebook and Google and Twitter as the login overlords of the internet, that itself is a huge opportunity, right? And there are still huge things that are loft on claims that can still be built but they’re harder to build.”
ETH is trading for $1,175 at time of writing, up 0.17% over the last 24 hours.
IDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/jovan vitanovski/Plasteed