The question is is it a good thing that the herd is coming? Up until now, retail investors are the power behind the rise of bitcoin and ether. Now the pros are getting excited. Wall Street money managers have a long history of creating pump and dump scams and all kinds of accounting tricks. It would be very easy for them to apply the tricks on the ICO market as the market does not have regulations or third party audition for their financial books.
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I don't know whether it's good or bad. Just that it's happening... and that it was probably inevitable.
It's a strong part of why I see value in the potential of Ethereum, crypto games & Steem as platforms for viral user growth: We're in a race with established institutional players to spread access to cryptoeconomic opportunity to everyone on the planet.
IMO, when everyone has substantial access to networked markets, financial literacy becomes the new standard, and incentives better align against institutional abuses.