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RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)

in #bitcoin6 years ago

Great article @majes.tytyty.

Bitcoin is one of the most unexpected assets that you can imagine imo. Its value comes primarily from the people that are interested in it. What we have been observing till December 2017 was exponential growth of Bitcoin popularity among "common" people. When culminating point was achieved, its price started to drop, as there were very little number of newly interested people. I think this chapter of Btc expansion is already closed and such situation will not take place in the future. Every person who could engage in Btc has already done so. Therefore, I suppose that Btc will never go beyond the level of about $10,000.

What are my expectations if it comes to the future of Blockchain technology is a rapid development of security tokens and some altcoins. Btc has the privilege of first player, but what we need right now is a mass adoption of blockchain technology in various industries. I think that there will be the second "wave" of interest from mass media, but it will be rather focused on projects like Steem or some security tokens.