Bancor is a non speculative asset in nature, because the Bancor Protocol makes pumps&dumps unconvenient. So its price will be linked to Eth until the team will deliver the real thing. That's good for investors, bad for ICO flippers and short term speculators.
What do mean my non-speculative asset? And why are pump and dump is inconvenient in case of BANCOR?
Thank you
It means the BNT token has price discovery algo build in the Bancor Network, which prevents from quick raise or dump of the price, like whales do with most of the altcoins on exchanges. This algo protects the value of BNT, so even if someone try to manipulate the price, it will be stable thanks to people doing arbitrage between exchange and bancor network. IMO this is desired because BNT serves as a reserve for many other tokens, generated by users and used daily (that is the plan anyway). The volatility in this case could affect the whole token ecosystem.
Exactly. Moreover, speculation is typically a side element of a financial network, but when it becomes the main (if not the only) element in play, as it has been for years in cryptos, the whole sector ends up looking more like a "ponzi gambling casino" than anything else - which in the long term is not sustainable.
The Bancor Protocol introduces for the first time a price discovery and stabilization mechanism, thus by reducing volatility and sheer speculation it is destined in the long term to attract the most serious investors, like for example hedge funds, pension funds etc. Useless to say how much the value would increat at that point. Of course such a huge change need time, since it's something which has to happen in the real world and not in fast moving casino.
We should probably add that the Bancor Protocol would fit very well also to the financial world outside of cryptoland. If that would ever going to happen, BNT value would not go just to the moon, but to Andromeda at least.