I’ve Warned You Before About ICP — Now Things Are Getting Serious

6 months ago 35

NFA but…

Chip Mahoney

The Capital

Photo by Kai Pilger on Unsplash

For a while now, I’ve been saying that Internet Computer (ICP) isn’t designed to be a retail investor’s dream. If you were expecting ICP to moon just because it’s an L1, you were looking at the wrong metrics. But now, things are getting serious.

The biggest misconception about ICP is that its price should reflect its success. But the reality is, ICP is not built for quick retail speculation — it’s built for infrastructure. The incentives that drive its ecosystem are different from those of your standard altcoin.

ICP is about Web3 at scale. It’s about hosting applications natively on the blockchain, removing the reliance on traditional cloud services, and creating an independent internet layer. And where it’s being built matters just as much as how it’s being built.

ICP’s presence in Switzerland is no accident. The country has positioned itself as a global hub for blockchain innovation, offering regulatory clarity and incentives for Web3 development. The Swiss government understands the long-term economic and technological benefits of blockchain, and they’re backing projects that align…

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