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RE: Bill Gates could purchase all of the cryptos!!!
The problem is what value does cryptos create at this time. Apple creates electronics, Amazon provides 2-day delivery. Continued adoption of crypto will increase its value, but there is still too much uncertainty which is what will cause the bubble. Too much of crypto price is driven by speculation and hype. That's why people worry.
And they are correct to worry, especially with the increased amount of money these ICO's are raising. But I think at this point in the game, most of the investors understand the utility the blockchain can bring.
I am.one of those who believe that the best Crypto may not even exist yet as we are constanly making new advances in this space.
However, at the end of the day, when most of the Alt/crap coins fall by the waistside, I do believe Bitcoin will be around. In my opinion, more as a store of value, i.e. the way we use gold or silver now, and some new faster more advanced crypto, if not several, will take over the micro transaction sector of the market.
Agreed