Joseph Lubin: ‘’I Am Calling The Crypto Bottom Of 2018’’

The co-founder of the third largest cryptocurrency by market cap Ethereum, is in our Sunday crypto news declaring in a tweet that he is ‘’calling the crypto bottom of 2018.’’

According to Joseph Lubin’s tweet:

‘’I am calling the crypto bottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.’’

He continued to explain in the Twitter thread about the blockchain-focused company ConsenSys and the recent layoffs by saying that the company is still healthy and that will rebalance the priorities and activities.

Lubin continued that ConsenSys is still investing in projects since it is considered a tech incubator and it is hiring for new internal projects. He did complain about the ‘’epic amount of conjecture and preemptive paranoia’’ saying that bloggers and journalists don’t really have the real data for a piece of true insight information. He ended the conversation by being optimistic about the future of the company:

 “The sky is not falling. From my perspective the future looks very bright… Peaking  into 2019, if you could see the landscape through my eyes, you’d have to wear shades.”

According to other reports, ConsenSys is done working with startups that have previously been backed by the company and that the number of employees that are getting laid off could reach up to 50 percent of the entire workforce.

If we compare other significant job cuts in different sectors around the world, the current situation in the cryptocurrency market and the job cuts are relatively small.