CRYPTOCURRENCIES LATEST NEWS: Bitcoin in 2018: predictions and comments

The outgoing year 2017 was truly a year of crypto-currency. Everyone on the lips bitcoin - "gold in the digital currency market." Since the beginning of the year, BTC has added about 1360%. Bitcoin waited for ups and downs. Futures on crypto currency were launched. Soon we will be able to see official ETFs on Bitcoin. Ahead of the New Year and new ideas. Forecasts for the future bitcoin vary. Some put on $ 50,000 as early as next year, others, including Morgan Stanley, predict a zero. Note that now Bitcoin is trading around $ 14,000.

1. Bitcoin will be traded in the range of $ 6,470 - $ 21,600

The rationale is as follows. Bitcoin is considered "gold on kryptonite", and therefore, like yellow metal ideally should ensure the preservation of wealth. The most common monetary unit in the world at the melting point is a denomination of $ 100. Now the volume of such notes in circulation is $ 1.1 trillion (80% outside the US).

In total, about 17 million Bitcoin units are in circulation. Assuming that bitcoin's capitalization should be 10% of the indicated $ 1.1 trillion, we have a quotation of BTC at $ 6,470. 33% will assume $ 21,600 for bitcoin. A larger percentage is theoretically possible only in the distant future, as long as only a small number of traditional companies and retail outlets accept payment of the cryptocurrency.

The average value is $ 14 035. According to DataTrekResearch.com experts, in the future, bitcoin can test both boundaries of the "fair" range.

2. In 2018 there will be at least 4 Bitcoin dips over 40%

What can you do ... Volatility ...

3. Bitcoin will give way to part of the market share of Altcoins

Now the cryptosystem is trading 1376 species of altcoins. Bitcoin's share in the total capitalization is 44%, at the beginning of the year Bitcoin was the undisputed leader in the digital world. The largest rivals of bitcoin are Etherium (12%) and Bitcoin Cash (8%).

4. The largest brokers and asset managers of the US will announce plans for Bitcoin

Many old-timers from the Bitcoin ecosystem made good money on the rise of the Cyprus currency and its counterparts. Leading financial institutions will be happy to get such conditions in the management or earn on other commissions.

To do this, they will need to expand their infrastructure and enter the digital currency market. However, in all this there are risks.

5. Coinbase will improve operational services

This is one of the most popular crypto-currency exchanges in the United States. In August, the company raised $ 225 million in financing, which allows Coinbase to be valued at $ 1.6 billion. According to DataTrekResearch.com, in 2018, the company is waiting for an IPO, and the company's value will rise to at least $ 5 billion. In anticipation of the placement, Coinbase will want to show itself at its best.