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And that heat is keeping ICOs bubbling. The same Economist piece, published in April of , notes: That is a lot of money, making ICOs large in terms of their sheer dollar-scale. Following the money is their jam. As with any boom, there are bad actors to be found in the land of ICOs.
In the world of ICOs, fraud is never hard to find. Add in regular sums of incompetence that any new venture could fall prey to, and ICOs feel a bit Old West.
There is an argument to be made that a dearth of regulatory oversight is actually good, as it allows the ICO market to iterate and innovate quickly. Is there a chance that ICOs will slow? Of course, but the forces behind them run a bit deeper than we might have first guessed. If it is fueling the ICO craze, we could be in for a long cycle. That ICOs would eventually get ahead of themselves and bubble like so many young technology niches was predicted at least since last October.
The cryptocurrency market is hot once again. Corporate watchdog cracks down on CFD advertising. Subscribe to the podcast Background Briefing is investigative journalism at its finest. Prospective speculators must complete a knowledge test before trading online.
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