2018 forecast: Bitcoin reaches $ 60,000
Bitcoin will grow to over $ 60,000 in 2018 and with a market capitalization of over $ 1 trillion as the emergence of the Bitcoin futures contract in December 2017 leads to a mobilization of investor involvment.
However, shorly the Bitcoin phenomen will find that it has pulled the rug under its feet as Russia and China pass dexterity into the second plan and even forbid cryptovouchers unsolved locally. Last week, Nobel Prize winners and more US businessmen criticized Bitcoin's virtual currency, which has seen tremendous fluctuations lately after surpassing a record of $ 11,000.
"Bitcoin is a success only because of its potential to circumvent", declared Joseph Sitglitz for Bloomberg. He also said that "It does not serve any social useful features". "It's such a wonderful story... if it's true", also he said at a conference in Lithuania, according to Bloomberg.
Also the giants from Wall Street talked about Bitcoin. Lloyd Blankfein, the head of the US investment bank, Goldman Sachs, said it served as "as vehicle for fraud", and billionaire Carl Icahn told CNBC that everything "seems like a soap bubble".
In the past, the Bitcoin was also criticized by the head of JPMorgan, Jamie Dimon. He said that Bitcoin "is a fraud, and it will explode in the final". Also Warren Buffet talked about a bitcoin crize.
Despite these criticism, Bitcoin continued his "wild" evolution over the past week. The virtual currency jumped the $ 11,000 threshold on Wednesday for the first time, gaining more than 1,000% since the beginning of the year.
The fall in price has coincided with the announcement of techinal problems from several major trading platforms, namely Bitstam, Gemini and GDAX, according to several social media messages, notes coindesk.com
Bithum and Coinnest from Sud Coreea or ACX from Australia are just some platforms where Bitcoin was tranzactioned at the beginning of 29 november for $ 12,000. The year 2017 was a year when the most popular cryptocurrency amazed incredible growth, worthy of a SF scenario, considering that in January the price of a Bitcoin was around $ 700, and now oscillates around $ 10,000.
Category: All business