Is anyone else worried long term about the price of ETH if the SEC really does crack down on ICOs, in the way that they might do?
Now that there are so many alternatives for smart contract functionality, it seems to me that a lot of the support for Ethereum price comes from its utility for ERC20 tokens, because these are so widely needed in ICOs. But if projects are forced to move to other solutions for funding, like private sales, then will the need for ERC20 tokens declining meaning that the cost of ETH takes a big hit?
Or am I just overthinking this? I’d love to know if you agree or disagree...
panic sells ETH