Published on September 16th, 2017 | by bitcoin0
Why is value moving towards ICOs? It is the increase of diversity of Bitcoin.
There is a lot of speculative value sitting in Bitcoin and Ethereum.
One of the fundamentals of markets is that value needs to go to work.
Right now, there are a lot of people sitting on a considerable Bitcoin value.
When you put that ICO token next to Bitcoin, you normalize out a lot of that speculation.
In many ways, the emergence of the ICO is a necessary “release valve” for Bitcoin.