And they are correct to worry, especially with the increased amount of money these ICO's are raising. But I think at this point in the game, most of the investors understand the utility the blockchain can bring.
I am.one of those who believe that the best Crypto may not even exist yet as we are constanly making new advances in this space.
However, at the end of the day, when most of the Alt/crap coins fall by the waistside, I do believe Bitcoin will be around. In my opinion, more as a store of value, i.e. the way we use gold or silver now, and some new faster more advanced crypto, if not several, will take over the micro transaction sector of the market.
Agreed