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HOME 2018-04-02T11:56:01+00:00

New year, new trends, and new Bitcoin prices! Will Bitcoin price surpass $100.000 in 2018? Read this article and discover the top 3 most popular Bitcoin price predictions for this year!

Even since Bitcoin and other cryptocurrencies were introduced, the world has been taken by storm by this modern form of settling and completing financial transactions. The common sentiment varied between awe and fascination on the one side and incredulity and skepticism on the other.
But, regardless of what people have to say, it is more than obvious that Bitcoin is not going anywhere and it is here to stay. If you have been following Bitcoin news you probably know that last year, the Bitcoin price has surpassed $19.000 and surprises everyone. Besides Bitcoin, the Blockchain technology has been used to develop several forms of cryptocurrencies such as Litecoin, Ethereum to canadian, and Ripple. Regardless of the Bitcoin’s price and value being volatile over the past few years, in this article, we will present you the most popular Bitcoin price predictions for this year, in the hopes that it will help you decide whether or not Bitcoin is the right investment for you.
Considering the way the price of the most popular cryptocurrency in the world has skyrocketed over the last couple of years, it is pretty challenging to discern the essentials that can help us predict its value. When this article was written, the price of one Bitcoin was approximately $12.000, two days later the price went up and stand at $17.500 and the current price is $11.200. The way that this cryptocurrency has been breaking through the expectations has affected any attempts at using technical analysis to make Bitcoin price predictions for 2018 totally irrelevant.
There are a few factors that should and will impact the Bitcoin’s price going forward:

BITCOIN PRICE PREDICTIONS FOR THIS YEAR

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  • Underlying technology – Even though Bitcoin is built and developed on Blockchain technology, it is inferior from a technological point of view when compared to other cryptocurrencies built on the exact same platform.
  • Rate of adoption – The value of the network grows as the number of users grows as well. This is applicable to Bitcoin and its price.
  • The launching of other cryptocurrencies – With more and more virtual coins appearing on the scene, the altercation for using Bitcoin as a means of financial transaction is becoming less and less justifiable.
  • Regulation – Even though the regulation is inevitable, its effects are pretty uncertain or unstable, rendering any predictions related to Bitcoin suspect at best.
  • The utilization of futures – Developing a futures market for trading Bitcoins will have an incredible effect on the young currency.

BY KEEPING THESE FACTORS IN MIND, LET’S TAKE A LOOK AT THE MOST POPULAR BITCOIN PRICE PREDICTIONS FOR THIS YEAR:

1. The Bitcoin price will surpass $100.000 – The dominant price prediction was that this cryptocurrency would reach $14.000 by mid-2018, but recently Bitcoin optimists are hoping that the price will break through the $100.000 barrier lately this year.
2. The original intent to use this cryptocurrency as a means of financial transaction may give in favor of utilizing it as a means of storing value – It is possible that Bitcoin utilization will move from a virtual coin to a tool used to store value.
3. Bitcoin is in a bubble that may burst at any moment – Even though there is a plenty of optimism around Bitcoin, there are many people who are concerned about the fact that Bitcoin is just a bubble that may burst at any moment. Simply put the fact that the whole network will become useless if all members in it are just hoarding the coin and not interacting at all with one another.

WHAT DO YOU THINK ABOUT ALL OF THIS?