/biz/ - Business & Finance

Serious talk, what do you think is gonna happen over the short term with EOS?
EOS evidently has a huge amount of ETH from their ICO which at some point will have to be sold.
(there is zero reason for them not to sell their ETH)

https://etherscan.io/address/0x8e5d083fc644a26623545ae39167096a1abe5107 ($422,258,531.42)
https://sanbase-low.santiment.net/projects/eos ($185,253,772.35)

(That's half a billon $)

What the will happen once those funds move?
We have seen what Mt.Gox sell off has done to the Bitcoin price.
And why would it not benefit EOS to sell their 1 mil + ETH for EOS while sustaining their platform?

I am not really that interest about EOS as a project, but I am definitely smelling a huge opportunity here.
What does /biz/ think will happen days to weeks after the main net launch when the crowdfunded ETH gets sold?

iM GONNA MAKE SO MUCH VIRTUAL MONEY

Great interview and insight from Dan Larimer

check the stream here:
https://steemit.com/cryptocurrency/@coinsultant1/ivan-on-tech-interview-with-dan-larimer-developer-eos-bitshares-and-steemit