Ethereum co-founder predicted the bottom for bitcoin, the future looks bright for crypto

Joseph Lubin, the co-founder of Ethereum and one of the crypto titans, accurately called the bottom of the 2018 bear market.

Amidst the mass layoffs and restructuring of ConsenSys, and contrary to the "Epic amount of fear, uncertainty, and doubt" in the market, Lubin asserted the industry has a "Very bright" and exciting future.

Along with Vitalik Buterin and a handful of other co-founders, in 2014 Joseph Lubin was partially responsible for creating the second-largest blockchain by market capitalization, Ethereum.

In early 2015, Lubin went off to head ConsenSys, a software technology company focused on building applications around the Ethereum blockchain.

During the peak of the market, Forbes named Joseph Lubin the second-richest person in crypto after Ripple co-founder Chris Larsen, estimating his net worth between one and five billion.

The markets were indeed in tumult with bitcoin hitting a historic low of $3,237 on Dec. 16th.Joseph Lubin's Predictions for the Future.

Major news publications and critics across social media used ConsenSys as another data point for the downfall of the crypto markets in their entirety, playing into the narrative that cryptocurrency was merely a fad of 2017.

On Dec. 21st, 2018, Lubin recognized that paranoia in the markets had reached its peak.

Even after catastrophic news that Tether is not fully backed by US dollars, the markets have continued to rise with bitcoin breaching $5,700.

Considering the number of pundits who claim to be able to predict the future of the crypto markets, often with limited success, it is inevitable that some of these predictions are correct.