Anthony Di Iorio, is a well-known name in the cryptocurrency industry. He was a pioneer in the early days of Bitcoin and went on to co-found Ethereum. He also founded and led Decentral, a popular cryptocurrency infrastructure provider.
In this interview, we discuss all the above and also discuss recent reports that he is leaving the cryptocurrency industry.
Being one of Ethereum’s cofounders certainly has a special ring. We were curious to learn more about Anthony’s past, including his life before crypto.
It turns to be that Di Iorio is always been interested in computers. In fact, he humorously remarked that back in his family, when he was younger, he was “the computer guy.” This passion turned to business, as in the early 90s, Di Iorio started his first company – one focused on web design.
Following in the footsteps of his father who had an established home business, Di Iorio decided to learn more about business development and went to college to study it.
A problem-solver at heart, he was focused on finding solutions and identifying problems. In 2008, his family sold the business, opening up new avenues for him.
$8000 Worth of Bitcoin in 2012
In the years following the housing crisis, Di Iorio really began to explore the depths and implications of economics. His brother was the one who got him interested in the history of money, he said.
In 2012 he stumbled upon Bitcoin. He said that the idea sound money was something he had researched extensively and that freedom was something that was very important to him.
” I saw it as a tool that empowers people to take control of their own lives. In 2012 I just delved deep in Bitcoin, spent weeks without sleeping and really digging into it.”
This is where Di Iorio’s problem-solving personality came in. Di Iorio was looking for a place to discuss Bitcoin, and he found none. He started the Bitcoin meetups Toronto. As faith would have it Vitalik Buterin, the man who invented Ethereum, would attend the first meeting.
In any case, we were also curious as to the Bitcoin price when Anthony got in.
It was in 2012 – it was around $10. So I put $8,000 at the time then.
He also had a website about bitcoin that he later sold to bitcoin. This is how Di Iorio built up considerable capital considering that Bitcoin’s price has risen substantially over the years.
Cofounding Ethereum with Vitalik & Charles Hoskinson
Everyone who is involved in crypto knows the basics of Ethereum. But it was a concept at the time. Before Vitalik Buterin and Anthony Di Iorio, Charles Hoskinson and Mihai Alisie, the idea was still a concept. Later, Joseph Lubin and Jeffrey Wilcke joined the group, as well as Gavin Wood and Amir Chetrit.
With so many people involved in a single project, they must have been huge figures in the industry. We were curious to find out more about this. It was described by Di Iorio as
It wasn’t a typical business, I would argue. It was a lesson I learned long ago. I don’t need partners in business. I prefer to work alone – having the vision and then hiring people as necessary.
That was a great opportunity, and I couldn’t pass up the chance. It was such a fast-moving, fast-paced growth in 2013 and 2014 when we were setting everything up.
He stated that they were able to complete the crowd sale in eight months and begin the development work. Di Iorio acknowledged that the process was challenging and difficult, but it was also rewarding.
We also asked him if Ethereum would eventually surpass Bitcoin as the dominant cryptocurrency. He said that he believed so.
In any case, he left Ethereum to start his own company, Decentral. This was also a industry standard.
Is Anthony Di Iorio leaving the industry?
One of the topics we discussed was the recent reports about Di Iorio’s departure from the industry. He confirmed that the conclusion was correct. However, a lot of reports were wrong and failed to provide important details.
First, he made it clear that he isn’t leaving crypto because of his faith in it.
He confirmed that security plays a part in it, saying that crypto presents a risk profile he isn’t really comfortable with but also making it clear that this is only a small portion of his reasoning.
His main motivation for leaving the industry was to address bigger problems outside of crypto. We have already mentioned Di Iorio as a problem solver, and we will repeat it again. He seems to believe that there are larger issues that can be solved than crypto.
In any case, you should listen to the whole interview, as we discuss all of the above in more detail.
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Ethereum’s Next Big Move: 3 Bullish Signals That Could Skyrocket ETH
TL;DR
Although ETH has been largely the biggest disappointment of the current cycle that started last year, there are certain factors suggesting it has a lot of room for growth, which could be around the corner.
Whales are back on the offensive, and the declining sentiment could result in price reversal in the short term.
3 Factors Say Yey ETH
Data from Lookonchain suggests that Ethereum whales have reversed their strategy and have started to accumulate once again. The analytics platform outlined an address linked to Metalpha that has purchased roughly $50 million worth of the second-largest digital asset since April 1.
Another one withdrew almost $100 million in ETH out of GateIo, and a third one transferred more than 10,000 ETH from Bybit.
Whales accumulating again is a good sign for the underlying asset, as it reduces the immediate selling pressure and could lead to FOMO among smaller investors.
The second positive sign for ETH’s future price performance is the Market Cap to Realized Cap (MVRV) Price Band. The metric is used to determine the “best” buying opportunities when Ethereum dips below it, which is the current situation.
The best #Ethereum$ETH buying opportunities have historically occurred when price dips below the lower MVRV Price Band, and that’s exactly where it is now! pic.twitter.com/qVg9R2ewpe
Rain told their 100,000 followers on X that Ethereum’s cycles tend to repeat themselves in a compelling manner. Basing their findings on the historical sentiment around the largest altcoins, the analyst determined that ETH will reclaim its strength and aim at $10,000 and beyond. This will shift the entire market structure, which includes “new narratives, new capital rotation, and new leaders.”
Is It Already Different?
Just a few days ago, CryptoPotatoreported that different types of investors had sold off substantial portions of their ETH holdings. These included whales, Galaxy Digital, smaller investors, and those who entered through the ETFs.
However, the information above, including the accumulation by whales, suggests that the ETH market has reached an exhaustion point. After all, the asset is down by 60% since its December 2024 peak. For comparison, BTC, which actually managed to break its previous ATH, is down by only 22% since the January high.
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Ethereum Price Stalls as Lightchain AI Launches Developer Grant Program
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Crypto Price Analysis April-18: ETH, XRP, ADA, SOL, and HYPE
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.
Ethereum (ETH)
It was a quiet week for Ethereum that only managed a small 1% price increase. This is because, lately, it has been moving sideways around $1,600. This lack of momentum shows indecision with market participants unsure if the ETH downtrend will resume or not.
The current price action is similar to early March, when Ethereum hovered around $1,900 for about a week before sellers returned. If nothing changes, ETH may fall to its key support at $1,400.
Looking ahead, this cryptocurrency continues to show weakness. The lack of momentum is concerning, and buyers have to break the resistance at $1,800 to bring back optimism.
Chart by TradingView
Ripple (XRP)
This week, XRP managed to defend its key support at $2 and booked a 2% price increase. This is a positive sign that shows buyers are serious about keeping this cryptocurrency above $2.
While the bullish momentum is not there yet, the current price level can serve as a great pivot point for higher levels in the future, with $2.3 and $2.6 as key targets before the major resistance at $3.
Looking ahead, XRP has a good chance to return on a sustained uptrend in the medium term and aim for $3. To achieve that, buy volume has to increase considerably in the future.
Chart by TradingView
Cardano (ADA)
While XRP has found good support, the same cannot be said about ADA. It failed to reclaim its previous support at $0.64, which is now acting as a resistance, with sellers having an advantage on the chart.
If buyers remain absent, then the next key support levels will be found at $0.5 and $0.45. While the daily MACD turned bullish, the buy volume is simply not there to challenge the resistance at $0.64.
Looking ahead, Cardano is found in a flat trend with buyers unable to make their presence felt. For this reason, it is unlikely to see any major moves from this cryptocurrency at this time.
Chart by TradingView
Solana (SOL)
Solana increased by 13% this week, making it the best performer on our list. This comes after the price broke above $118, which used to act as resistance.
This uptrend may continue uninterrupted until $150 where sellers returned in the past, most recently in late March. While the path is clear for higher levels, buyers will need to turn $150 into a key support if they want to sustain this rally.
Looking ahead, SOL is experiencing a relief rally after its most recent drop. While sellers are absent right now, they can return once the price approaches the key resistance at $150. Best to be cautious there.
Chart by TradingView
HYPE is the second-best performer on our list this week with a 10% price increase. This comes after it entered a sustained rally since touching $9. Considering it reached $17 recently, that means it jumped by over 80% within a relatively short period of time.
While its rally in early April was quite strong, sellers have started to make their presence felt more in the past week with each new high being met by increased sell pressure. This can also be seen on the daily sell volume which is making higher highs.
Looking ahead, HYPE had a fantastic run, but this is starting to show some weakness with buyers becoming exhausted. This is why a pullback becomes more likely at these levels since sellers are returning.
Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.