>Say people paid a company called Microhard $30 million in Ether during their ICO for Microhard coins. Can Ether be readily be exchanged for $30 million USD?
The trade volume of Ethereum was about $400,000,000 in the last 24 hours[1], so likely yes. Bitcoin and Ethereum are the two most popular cryptocurrencies.
>Assuming it can, and Microsoft acquires Microhard, and has no interest in crypto doesnt this leave a coin on the market with a name of a business that doesn’t even exist?
Yeah. That coin's value will probably drop fast given that its value was probably based on the anticipated value of it once its supporting product existed.
The trade volume of Ethereum was about $400,000,000 in the last 24 hours[1], so likely yes. Bitcoin and Ethereum are the two most popular cryptocurrencies.
>Assuming it can, and Microsoft acquires Microhard, and has no interest in crypto doesnt this leave a coin on the market with a name of a business that doesn’t even exist?
Yeah. That coin's value will probably drop fast given that its value was probably based on the anticipated value of it once its supporting product existed.
[1] https://coinmarketcap.com/