#WLD $WLD

The recent departure of Sam Altman, CEO of OpenAI, has created a wave of uncertainty in both the tech and cryptocurrency communities. Conflicting reports and opinions about what Altman did or didn't do have since emerged, attributing his ousting to communication issues which caused the board to doubt his leadership.

The news has had a direct effect on WorldCoin, the cryptocurrency project Altman was leading. The value of WorldCoin has dropped by more than 12%, with analysts citing the uncertainty of Altman's situation as the major factor. These losses only add to the already tumultuous environment for cryptocurrency, which, in the nine months of 2019 alone, has seen its total market cap drop from a high valued at over $220 billion to a low of $110 billion.

Although some of this volatility can be attributed to speculation and a lack of faith in certain cryptos, the impact of Altman's departure and the associated drop in value is a reminder of the fragility of cryptocurrencies and the risks associated with investing in them.

It remains to be seen how much of an impact Altman's departure from OpenAI and loss in value will have in the long-term. Many industry insiders fear that the lack of leadership and trust in Altman's direction will cause substantial disruption to projects that he had a hand in. At the same time, cryptocurrency enthusiasts are cautiously optimistic that markets will eventually settle and rebound, especially in light of recent advances in terms of security and regulation.

Ultimately, only time will tell how OpenAI and Worldcoin will recover from Altman's departure. For now, however, the markets are clearly bearing the brunt of the consequences.