Joseph Lubin: "the cryptocurrency market has already reached the bottom"

The head of ConsenSys and co-founder of Ethereum Joseph Lubin announced that the current state of the market will not deteriorate, because this year he "reached its bottom", "is marked by an epic amount of fear, uncertainty, and doubt."

In addition, the head of ConsenSys assured the cryptocurrency community that, despite the recent significant reduction in staff, nothing bad happens to the company - this is just a reorganization.

"ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago," said Lubin.

He also noted that the startup continues to work as a technology incubator and venture investor, still funding various projects. ConsenSys also hires new employees for internal development, which are the "core of the future-oriented business".

Lubin noted that various bloggers and journalists, "who do not have the necessary data or real sources," mostly panic.

"The sky is not falling. From my perspective the future looks very bright. [...] Peaking [sic] into 2019, if you could see the landscape through my eyes, you'd have to wear shades," the head of ConsenSys expressed his optimism.

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