cryptocurrency will become more mainstream in 2018. Drake believes that Bitcoin will always retain its preeminence in the cryptosphere, but cryptocurrency in general is headed toward much more widespread acceptance. Imran Wasim, a financial analyst at amsys Group said It has dropped in price, this is good.
But we also believe there is tremendous potential that comes with decentralized, digital, peer to peer currency, and as we begin to see the possibilities more clearly, Bitcoin will regain its footing and get back to trading to the topside. We believe bitcoin disrupts gold, He said. I think theyre the right kind of change we need to the money system but it needs to be done right. Further, it may encourage involvement from institutions, who to this point have been wary of engaging in anything crypto related for reasons of compliance. He added: It has dropped in price, this is good. Singh has been a cryptocurrency portfolio manager for the past six years. South Koreas stance on making sure that the exchanges know who theyre dealing with is a very positive step. The vast majority of those predictions have failed to yield fruit. Conclusion Cryptocurrency price predictions are notoriously hard to make, and its a virtual certainty that one or more of the above folks will hit the nail on the head. However, to hit McAfees target, BTC would end the year just over 29k. His latest Twitter remark citing the 60,000 figure gives no definite timeline, but it is pegged to a 1 trillion circulation value. That, in and of itself, is a fairly bold prediction given the crypto worlds legendary volatility.
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