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RE: Why Bitcoin Could Reach $23,000 Soon

in #bitcoin7 years ago

Another insightful analysis. I think a lot will depend on what happens to summer 2017 ICOs. If a lot are perceived as successful and do deliver some of the features presented in road maps the shift might go even further, no?
Your view on utility is correct. Most tokens do not offer a real utility, except a select few (from revenue sharing, DAOs or buy-to-use) . But this can easily reverse depending on what happens during the year.
If a some of the key ICOs deliver, then people might build confidence into shifting more % into altcoins. If there are big issues with some major ICOs i think you're 110% right.
But then again, there's that thing.. the number of people that will enter the market. I know of so many investors just waiting for approval on many different exchanges. When they're able to buy, oh boy im sure bitcoin will pump. What im still not sure is how much risk averse or lovers those investors are.
Again, thanks for sharing! Love your content!