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RE: Hi, I’m William Mougayar from Toronto, Canada. I'm an investor & author of The Business Blockchain – the first business book that fully explains the blockchain’s implications on business.
Do you think that the enormous market cap of ethereum (currently over 1.16 billion) is justified? Why?
I need to be careful commenting directly on that, because it's the equivalent of commenting on a public company when you're an insider. There are rules for that. And I'm using self-discipline to avoid commenting in ways that could be interpreted as signals to move the ETH one way or another.
What you need to look at is the fact that there are over 230 startups/projects being concocted on Ethereum http://dapps.ethercasts.com/ , and that is a healthy sign for an ecosystem that is vibrant. Yes, there are more Bitcoin startups and they have received more funding than Ethereum's counterparts, but there have been a steady uptick in Ethereum-based startups being funded, either via self-modes or venture capital.
In the future, I predict the lines will get blurred between what is a Bitcoin startups vs. an Ethereum startup. Already many companies are dipping in both technologies equally, so what do you call them?