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Ethereum Co-Founder Doesn't Want Elon Musk to Treat Crypto Industry as Joke

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Wed, 07/28/2021 - 19:18
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Alex Dovbnya
Ethereum co-founder Anthony Di Iorio believes that influential individuals should be focused on educating the masses about crypto instead of trying to be funny
Ethereum Co-Founder Doesn't Want Elon Musk to Treat Crypto Industry as Joke
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Ethereum co-founder Anthony Di Iorio expressed his dissatisfaction with Tesla CEO Elon Musk during a recent interview with BNN Bloomberg.

Di Iorio claims that people like Musk could potentially create a massive amount of change.

However, he believes that they should focus on serious instead of frivolous:

I’m just really wishing that their energy is going to be focused around educating people, and not having fun with something that’s so important.

Musk, who has Ether in his portfolio, has drawn the ire of many members of the cryptocurrency community for promoting joke cryptocurrency Dogecoin and helping to push its market capitalization to a staggering $90 billion in early May. 
 
The billionaire continues to promote the cryptocurrency with routine tweets and memes, but his social media influence did little to pull the cryptocurrency out of a massive hole it dug during the recent market correction.

The meme coin is down more than 72 percent from its May 8 high.

Di Iorio also criticized those founders that tout the technology in order to pump their tokens.

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The crypto movement is not stopping

As regulators are zeroing in on the industry on all fronts, Di Iorio remains confident in the cryptocurrency movement:

This is a movement that’s not going to stop.

That said, the 46-year-old Canadian entrepreneur recently made headlines after announcing that he was going to quit crypto due to safety worries:

I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.

After co-founding the second-largest cryptocurrency, Di is now focusing on philanthropy and other issues. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.