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The cryptocurrency space has been on fire the last several months. Bitcoin went from under $1000 in March 2017 then up to nearly $5000 in the summer, corrected to under $3000 and at the moment trades over $17,500. Ethereum went from under $20 in March 2017 then up to $400 in June, back down to under $175 and is currently trading over $625. Other cryptocurrencies have seen similar gains.
So as cryptocurrencies are beginning to be viewed as a new asset class, is that good for domains and domain pricing? I am sure I am not the only one on this forum who has experienced the end user only willing to pay $xx for a domain and thinking that anything over low $XXX is usury.
Perhaps now that BTC is trading well into five figures, a $XXXX domain price seems very reasonable by comparison. Thoughts?
So as cryptocurrencies are beginning to be viewed as a new asset class, is that good for domains and domain pricing? I am sure I am not the only one on this forum who has experienced the end user only willing to pay $xx for a domain and thinking that anything over low $XXX is usury.
Perhaps now that BTC is trading well into five figures, a $XXXX domain price seems very reasonable by comparison. Thoughts?