Bitcoin Will See a Major Bull Run in 2018, Experts Claim.
The year 2018 has been off to a bad start for all cryptocurrencies. Whereas some people already despair, good things will come to Bitcoin and altcoins. Various experts are convinced all of the top currencies will mount a strong comeback during late 2018. It is always important to keep the bigger picture in mind. Prices will rise steadily when this new way of exchanging value is consolidated.
Top Crytocurrencies will continue to dominate. There is a lot more to cryptocurrency than just the Bitcoin price. Unfortunately, the value of BTC dictates how the rest of the ecosystem will evolve in the coming months and years. Getting rich quick with cryptocurrency may not happen in 2018 as of right now. Even so, industry experts are not too worried about the current bearish market. In fact, one could say the markets are going through their regular volatility as of right now. BRD CMO and Co-founder Aaron Lasher comments:
“The game isn’t over, Digital scarcity is a major innovation in money and value, and we’re in the initial stages of a multi-decade trend towards tokenization of assets.” This tendency is already occurring in some countries, which place backers as oil, diamonds, gold to cryptocurrencies, this trend is expected to increase over time, this action may help close the gap in the creation of inorganic money, which has caused so many problems to international trade.
Over the past seven days, all top currencies lost a fair amount of value. Declines range from 11.6% to 15.9%, with Ethereum getting the worst of it. Additionally, over 80% of the top 100 currencies ranked by market cap have decreased in value over the past week. Bitcoin is dragging everything down, as it always has in the past. This trend will not relent until the Bitcoin price effectively recovers the lost ground.
This is where things will get interesting later this year. It is not the first time Bitcoin has gone through a lengthy bearish cycle. At one point, the value per BTC dropped by almost 99%. Surviving that proved to be rather easy, hence this current dip doesn’t seem too problematic. These are still the very early stages for Bitcoin and other cryptocurrencies.
Therefore, it is mentioned that there is an impending Bitcoin Bull Run. Several things are going Bitcoin’s way as of right now. The launch of ETFs allows institutional investors to speculate on cryptocurrencies. Although the demand seems rather low right now, things are gradually improving. With a regulatory body to be formed for these products, things can only improve from here on out.
Speaking of regulation, Bitcoin is still a hot topic among government officials. Any regulatory measure will legitimize the cryptocurrency industry as a whole. Not everyone is in favor of this particular trend, though, but it is a “necessary evil” to take this form of money mainstream in the future.
Currencies other than Bitcoin are still evolving as well. Ethereum is set to undergo some big changes, including a switch to proof-of-stake. Additionally, there are rumors Vitalik Buterin may effectively introduce a hard cap supply for Ether.
Ripple is still making inroads in the financial sector as well.
Litecoin has seen a few setbacks due to Litepay falling apart, but the currency will bounce back eventually.
Therefore one of the challenges is presented in the users who seek stability in their investments, the yields in fiat currencies are scarce, many countries have zero interests, with the idea of incentivizing investments, to develop projects of new companies, but to access the credits is rare in opportunities.
The innovation is in the ICO. Likewise, the investment in cryptocurrencies can help improve in terms of protecting inflation, which is happening in Latin American countries.
In summary blockchain-bitcoin technology, has a long way to go this process is just beginning, compared to the traditional system of the financial industry, the times to come should be viewed with optimism, users are the only ones who can support this Novel system, perseverance and tranquility will give good results. It waits for new ads.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.