How do you think this will effect bitcoin?
It'll surely open the doors to many more investors, that would otherwise not trade, or perhaps trade more rarely, due to the fees associated.
Bitconnect is a very sophisticated phishing project. Bitconnect brings huge profits to the leader and removes most of the assets of the investors below, a fraudulent multi-level model. I think investors should be more cautious about projects like Bitconnect because it's too risky for your property because you can lose your money anytime.