Initial coin offerings (ICOs) show no sign of slowing down.
According to Bloomberg, this time last month the amount raised from ICOs surpassed $2 billion. It’s now moved north of $3 billion in that short amount of time.
In total, investors have contributed more than $3 billion to more than 200 ICOs this year, according to data from Coinschedule.com.
September was a very busy month for ICOs. Last month brought in $850 million from 37 offerings.
However, when I read the story from Bloomberg on Tuesday, none of the data surprised me.
There are multiple ICOs going on every day. Most of these offerings are mediocre or worse, but there are a few gems to be found here and there.
Government reactions to the cryptocurrency boom seem inevitable.
When it comes to ICOs, you need to remember a few things…
- The vast majority of ICOs are not like equity crowdfunding, which is regulated and secure.
- You’re not buying equity. You’re buying a new type of asset (a token or cryptocurrency) that powers a completely new type of business.
- You need a system to sift through the noise. Since investing in cryptocurrencies years ago, I’ve lived by a system that eliminates the mediocre opportunities and scams.
ICOs are one of the most unique, profitable and potentially disruptive high-risk phenomena I’ve ever seen.
In fact, I’ll be covering this specific market (and my system) in more depth going forward. Details are being finalized on a new crypto investing service I’m developing. Watch your inbox over the next few weeks, as subscribers of First Stage Investor will be the first to get full details.
Good investing,
Adam Sharp
Co-Founder, First Stage Investor