Will bitcoin continue its rise? We will discuss and try to answer “What will Bitcoin be worth in 2018?” question in this post.
Beyond any doubt, cryptocurrency community is curious if bitcoin will keep its rise in 2018. As of December 2017, Bitcoin has passed $17.000 limit. It will not be wrong to say that 2017 was the year of Bitcoin. In the beginning of this year, the price of Bitcoin was as low as $800. So what is the next stop for Bitcoin? Some important actors name the rise of Bitcoin in 2017 as a bubble that will burst eventually. For instance, Sexo Bank released its annual Outrageous Predictions list on the variety of topics from politics to finance. In the report, it is stated that Bitcoin will rise in 2018, only to sharply fall down to a mere $1,000. It should be also noted that last year Sexo Bank estimated Bitcoin’s price to be tripled in 2017. They were right, but the rise of Bitcoin just did not stop. However, if you are planning to exchange your Bitcoins with money based on these projections, it is also helpful to remember MalwareTech’s comment.
The #1 thing most commonly purchased with bitcoin is the future regret that you didn't keep your bitcoin.
— MalwareTech (@MalwareTechBlog) November 27, 2017
Will Bitcoin reach $40.000 in 2018?
On the other hand, many people have $40.000 in mind as the price for Bitcoin in the upcoming year. As is known, cryptocurrencies are not tied to a bank or government, but lines of computer code are digitally signed each time they are traded. As a result, Bitcoin made its debut on a major US exchange, Chicago Board Options Exchange (CBOE). This might be a start of another era for Bitcoin if other exchange markets add it to their transactions in 2018. Apart from that, it is known that many people entered cryptocurrency market for the first time by investing in Bitcoin this year. Finally, by looking at the sale numbers and market shares of the Graphic Cards (GPU) manufacturers, this trend is likely to continue for a while.