Your friends are going to buy some ether Much of the rapid price growth in cryptocurrencies can be attributed to an influx of new investors. The average investor still will not read a whitepaper To many investors, an ICO whitepaper is like the words of wisdom in a fortune cookie..
However, for others, it will become clear that the initial sugar high of an ICO has worn off and that the project will not be brought to fruition. They are relative blue chips but once you have some ether in your wallet, it is very tempting to invest into earlier stage projects or ICOs where there is a chance of catching the initial price rise or "pump" as it is known..
Towards the end of 2017, regulators in different parts of the world started to express concern about ICOs and cryptocurrencies in general. It may not happen this year, but opening an account with a cryptocurrency exchange will eventually become no different from opening a depositary account with a bank in terms of proving the source of funds and meeting know-your-customer requirements..
This year, we will see the beginning of institutional money flowing into cryptocurrencies. Perhaps more significantly, small portfolio allocations to cryptocurrencies as an alternative asset class will become more acceptable to conservative investors seeking balanced returns..
Source: businesstimes.com.sg.
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