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Tuesday, October 31, 2017

Crypto News: This Might Be The Best Explanation For The Price Mania Around Bitcoin, Cryptocurrencies And ICOs

This Might Be The Best Explanation For The Price Mania Around Bitcoin, Cryptocurrencies And ICOs

The Securities and Exchange Commission Investor Advisory Committee held a public meeting regarding blockchain and distributed ledger technology earlier this month, and one of the individuals who was invited to participate in the meeting was Chain CEO Adam Ludwin. During his opening remarks, Ludwin shared his perspective on the entire blockchain ecosystem (both public and private models), but the most compelling part of his appearance may have been when he shared his views on the current price mania around cryptocurrencies and initial coin offerings (ICO).

“I think you have to look at it from the perspective of the buyer and the seller mentality,” Ludwin said of the current digital asset market. “In essence, it is currently rational to be irrational as a buyer [or] a seller in this market.”

If you’re not aware, more than $3 billion has been raised through ICOs since the beginning of 2017 (according to Coinschedule). For those who don’t know the first thing about ICOs, check out Laura Shin’s in-depth piece about this new financial phenomenon from earlier in the year.

Full story at

Source: Forbes

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