Post
Topic
Board Speculation
Re: Reason for the BTC price rise
by
player514
on 03/11/2017, 23:48:23 UTC
Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

ICO's relate more heavily to the 1990's dot com boom. When you're talking about bitcoin, it's as if you're talking about Microsoft amongst the realm of all of the "dot com" companies that were started during the time. Of course, not all of them succeeded. Instead, only a few prevailed. When talking about the recent bitcoin rise, it's fairly isolated from all of the ICO business. I don't know what the Forbes writer was thinking or what research he did when writing that article.