The Sell-off Silver Lining
US SEC’s View on ICOs and Institutional Developments
Throughout late 2018, a rush of panic-selling has swept through cryptocurrency markets, brought on by the SEC’s classification of ICOs as securities. After reaching its meteoric peak of nearly $20,000 in late 2017, the Bitcoin price has veered sharply to a mere $3,500. Much of the mainstream media has focused on the doom and gloom of shattered fortunes, but this assessment fails to account for nuance that shows the market is actually poised for growth.
