by SGT, SGT Report.com:
Two days ago I posted a video that posed this question: Could Ethereum be the next $1,000 crypto currency? You can watch that video at the bottom of this article.
At the time Ethereum was trading at $120. Today it hit $140. And I just bought some more.
Two days ago Ethereum had a market cap of $12 Billion, today it's $13.5 Billion.
Given the interest in Ethereum and the decentralized ETH network by VC's, startups, corporations and banks ranging all the way from Proctor & Gamble to Swiss Re, is there any doubt that Ethereum's $13.5 Billion market cap has the potential to swell to $100 Billion or more as the finite supply of ETH is bid up by growing demand and unimaginably deep pockets? Sure, it's pure speculation, but I vividly recall Apple computer (Yes, that's what it was called back then) in 2001 or so when it had a teeny tiny $6 Billion market cap. The stock was $12.
We all know what happens when sought after technology meets insatiable demand. Fortunes are made.
As Steemit user thenextturn commented under my last article about Ethereum:
"Etherium is the most useful of the cryptos, because it's a platform. We are just beginning to understand its applications, and there will be many. Get some now. I'm still kicking myself for not buying at $8, but this story is just getting started. The vast majority of investors haven't come close to considering cryptos yet. When that dam breaks, look out."
Consensus 2017 conference begins in 5 days. Featuring two and a half days of expert presentations, panels, and demos regarding the most important commercial developments, technical innovations, and public policy issues affecting the evolution of the blockchain industry, Consensus 2017 will shine even more light on the Ethereum story - and open more eyes, creating more demand.
If you think that's puffery, understand that the Ethereal Summit, a one-day event, hosted by ethereum startup and incubator ConsenSys is being called a "spiritual event". The $600 per ticket event featuring 50 speakers was sold out.
According to Coindesk, Brock Pierce, co-founder and managing partner of Blockchain Capital, encouraged people to consider the investment opportunities.
"Every asset is eventually going to end up here. The thing to think about as investors is market timing. A lot of ideas might be right, the question is, where are they in the cycle?"
Elsewhere, on a panel about the token economy, Jalak Jobanputra, founding partner at Future Perfect Ventures, spoke of how cryptographic, blockchain-based tokens would the open doors for people all over the world to support companies they personally believed in.
"We are going to see better companies. We are going to see a better world emerge," she said.
Read the full article here: http://www.coindesk.com/spiritual-experience-hot-wild-ethereum-summit-sign-times/
So what exactly IS Ethereum, and why (aside from the climbing price of ETH) should you care? Is Ethereum a revolutionary technology, or just another "Tulip bubble"? You decide:
Programmer explains Ethereum | Future of the Internet
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The Price of Ether is About to EXPLODE [published May 18, 2017]
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Here's my original video about Ethereum and how the entire crypto space might be used by the big banks to stockpile hundreds of billions, even trillions of dollars.
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