Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday.
"Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."
Buterin added: "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Buterin is one of many popular figures who has been impersonated on Twitter by scammers promoting questionable cryptocurrency offers. These accounts often ask users to send an amount of cryptocurrency in exchange for a larger amount.
The Ethereum co-founder warned users not to trust people offering cryptocurrency on Twitter.
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