Ethereum's co-founder says he's done with crypto because it's too risky - and only represents a small bit of what the world needs

• Ethereum co-founder Anthony Di Iorio told Bloomberg he's quitting the crypto world.
• "I don't feel necessarily safe in this space," he said.
• The Canadian investor wants to sell his current venture Decentral for fiat money rather than crypto.

Anthony Di Iorio, a co-founder of the $4 blockchain, is wrapping up his time in the $4 world due to personal safety concerns, and because he no longer wants to be known as the "crypto guy."

He recently $4 he wasn't too encouraged by the risk profile attached to the industry.

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

The 48-year-old Canadian has had a security team since 2017, and mostly been accompanied on his travels, Bloomberg said. He soon plans to sell his current blockchain venture $4 to focus on philanthropy and other projects unrelated to crypto.

Decentral, founded in 2014, is a Toronto-based wallet and crypto services provider whose flagship product, Jaxx Liberty, counted about 1 million customers this year.

Di Iorio, who estimates his startup is worth "hundreds of millions," expects to strike a deal in fiat money, or in equity, rather than in crypto. $4 lists his own net worth as high as $1 billion.

He further told Bloomberg he wants to transition to being someone who takes on complex problems. He's currently involved with an initiative called $4 which is involved with a zero-emission concept vehicle run by a high-school friend.

Di Iorio $4 along with seven others in Switzerland in a rented house they called the "spaceship." Among them, Vitalik Buterin is the only one still working on the $4. Ether, the network's native token and the world's second-largest cryptocurrency, held a market value of $221 billion as of Monday, according to data from $4.

Ether has continued to grow in popularity this year, showing a 53% increase in trading volumes quarter-on-quarter to an average of $3.25 billion a day on global exchanges, a $4 shows. Meanwhile, $4 has seen a 14% decline in the same period to $4.01 billion.

"I will incorporate crypto when needed, but a lot of times, it's not," Di Iorio said. "It's really a small percentage of what the world needs."

For a more in-depth discussion, come on over to Business Insider Cryptosphere>$4 — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve.

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