What Happened: In a recent podcast with Lex Friedman, Ethereum (CRYPTO: ETH) founder Vitalik Buterin shared his views on a number of topics ranging from Ethereum’s advantage over Bitcoin (CRYPTO: BTC) to Elon Musk’s crypto strategies.
I pretty much agree with Vitalik
— Elon Musk (@elonmusk) June 5, 2021
Why It Matters: Although Musk didn’t specify exactly what he was in agreement with Buterin about, the Ethereum founder seemed to resonate with Musk’s views about Dogecoin.
“You would make a mistake if you were to ascribe too much sophisticated malevolence or any deep intentionality to the whole process. He’s just a human being, and he likes dogs just like I like dogs,” said Buterin on Musk’s preference for Dogecoin.
Read also: Vitalik Buterin Says He Loves ‘Doge,’ Suggests Dogecoin-Ethereum Collaboration For Scalability
“There is Ether, the asset on Ethereum, but you can also make decentralized financial things, what we call DeFi today…You can make ENS, or a decentralized domain name system, you can put prediction markets on it [Ethereum],” explained Buterin, reasoning that in the future there will be a need for a lot more than just a “blockchain for money.”
price Action: Ethereum was trading at $2,638 at the time of writing, after recovering by over 20% from the week’s low of $2,191.
The second-largest cryptocurrency by market cap had a daily trading volume of $29 billion at press time.