It seems impossible for Bitcoin to repeat the performance of 2017 next year. Bitcoin already rose more than 1,000% in 2017. These are returns that ordinary investors dizzy. And yet there are 5 good reasons to think that Bitcoin can repeat this daring piece again in 2018.
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-1. Bitcoin adaptation explodes in 2018
In April 2017, Japan legalized Bitcoin as legal tender. Japan is a country in that area with a lot of influence on the rest of the world. Perhaps other important countries will follow in 2018.
Bitcoin also saw the transaction volume rose by 55% in 2017. 30,000 new wallets are created daily. Coinbase opens 300,000 new accounts per week and already has more accounts than stockbroker Charles Schwab.
And to top it all, there are rumors circulating that Amazon will accept Bitcoin as a means of payment. This would really cause a Big Bang.
From $ 2 billion to $ 400 billion, over the next 5 years
-2. Regulation attracts big money
As the sector grows, we can also expect more regulation from governments. This seems contradictory to the idea of Bitcoin, but it will be able to provide an influx of institutional money.
CME will shortly be launching Bitcoin futures and with a little more regulation, a Bitcoin ETF cannot wait long.
-3. A new era
Companies like Uber, Airbnb, Amazon, Alibaba, ... have completely turned historic sectors upside down in recent years. Bitcoin will do the same with the monetary system. There are currently more than 1,000 cryptocurrencies, each with their own goals and characteristics, the majority of which can bring the world into a new era.
-4. Bitcoin is the new Wall Street
Although the stock market continues to rise, the 2008-09 financial crisis hit deep wounds. The bail-outs of big banks, the unprecedented printing of money from scratch, the low-interest rates that punish savers and rewards high-risk companies, ... The trust in Wall Street is no longer what it used to be.
Bitcoin is safe, decentralized, unaffected and accessible to everyone. Bitcoin is the new Wall Street. Start investing in Bitcoin and other crypto coins
-5. Bitcoin becomes more accessible
In the early years, it was not easy to buy Bitcoins. Now there are countless sites that make it very easy to buy and sell Bitcoins. And as long as the price continues to rise, this will only increase.
@emmanuelzod great post! I think Bitcoin is an amazing coin and would definitely serve as a "gold" to other currencies. However, I think that newer currencies have learned from Bitcoin and have made the proper adjustments to become more user-friendly with the same security and accessibility. I am definitely still rooting for a bull run real soon
That is a fact for sure, considering the current dip going on in the crypto market. But I believe bitcoin still remains the king and key to the success of cryptocurrency