BITCOIN WILL STILL BE KING

I am a graduate student who is extremely hopeful for the transformation that blockchain technology will bring. I believe that all tech companies will be disrupted, and a new era of community owned networks will become the framework in which we operate in a modern capitalist society.

The internet brought about a new means to communicate and exchange information, and now, the blockchain will allow us to exchange VALUE with TRUST. Blockchain technology brings the missing ingredient of trust into the internet. It will unleash the potential that the connected world will soon begin to experience.

In order to capitalize on my far-reaching sentiments and thoughts, I began my journey investing in cryptocurrencies during the winter of 2016. I was most excited for Ethereum due to the fact that it enabled developers to utilize the capabilities of blockchain technology for any particular use case.

Now, I have changed my perspective, and I predict that Bitcoin will still reign as the #1 cryptocurrency. Please allow me to explain.

As Facebook, Twitter, and Google have all banned advertisements on cryptocurrencies, the SEC is jointly making a serious effort to investigate all blockchain companies offering token sales. Before these companies are legally allowed to market their products, services, and assets further, they will have to receive approval from the SEC or face the consequences of breaking securities laws.

With more stringent regulation from the SEC:

New Projects built on platforms (Ethereum, Neo, & Cardano) will suffer in the short term.(in the US)
Most blockchain companies will continue engineering, but halt their marketing in the short term.
The projects that have complied with securities laws will become more strongly recognized.
Bitcoin will reign as #1.

I am still bullish on projects built on Ethereum and blockchain applications that aren't built for the purpose of being a store of value, but I am certain that the marketing of these particular projects facilitating ICOs will suffer. These new projects built on the platform coins (Ethereum, Neo, & Cardano) will become stifled because of the SEC viewing all tokens (including utility tokens) as securities. However, as long as the teams are diligent about engineering and development, we will rightfully see these strong projects receive bullish signals in the future. In the meantime, Bitcoin will still remain as the #1 cryptocurrency as it has withstood the test of time and proven its utility as an immutable, instant, and low cost store of value.

For now, HODL!