The cryptocurrency industry might actually benefit from an ad ban in the long run.
The likes of Google, Facebook, Twitter, Reddit, Snap etc have all decided to shut out cryptocurrency advertising, but this might not be such a bad thing.
The emergence of a lot of ICOs have also attracted many scammers who are just interested in ripping off unsuspected investors. The reason why the ad ban may be beneficial is because of the fact that reputable projects will not find any difficulty in getting funding. The big money raised in ICOs is relationship based, and the most legitimate projects are well connected to active crypto and blockchain funds. The ban will actually help clean up most of the garbage projects and protect retail investors in the long run.
What are your thoughts on the ad ban?
Let me know in the comments.
Source:
https://www.wired.com/story/cryptocurrency-industry-might-benefit-from-ad-ban/