Yes, some of the bounty hunters will turn to ICO investors especially when they get a good rewards out of doing the task to a certain project and when they see that this project is good, then this is the time that they will also invest to this project.
yeah that is true, and today much whales investor in ico project come from bounty hunter.after receiving reward from bounty campaign, some of them use it to ico projects, and some this reward safe to bitcoin or fiat.