You are viewing a single comment's thread from:
RE: Nasdaq expecting to launch Bitcoin futures in Q1 of 2019
Nope instashift.io founder is my close friend.They had conversation with different exchanges including coinbase.The majority opinion is that "they just don't know" .it can be a 1 million or it can be 0. There is no doubt that DBL (block chain) is getting adopted in products and it is happening but the "crypto value" is where people are not sure. We all know for decentralized effort there got to be a mechanism to reward the work and hence the "value", but is it working? or is it viable in today's form is questionable ....
Well of course it can be any price. There are no cash flows or earnings backing anything. That is like saying gold could be $1 million or a dollar, both guesses could be right. Though I get that there is much more risk surrounding individual tokens. Once some start to gain some real utility, prices likely become more stable.