Up to this day, the global economy still relies on cash as a lead role in the economic world. Governments have a pretty good reason to just stay on the cash side because it’s a good way to collect tax money and also a good way to regulate and dictate any currency in which taxes are paid.
What is also very interesting is that it seems like we are hesitant to accept the fact that cryptocurrencies are quickly becoming a new kind of currency. For example, Bitcoin is already ahead of the dollar and is right now worth thousands of dollars. People who have never heard of the crypto world are joining it and start jumping on the bandwagon.
Many analysts and experts believe that this year could be even better one that 2017 despite the divided opinions among them that bitcoin is a bubble, claiming that its price can go 10 times higher over this year. We won’t discuss if this is a good thing or not. Last year we saw bitcoin experiencing a great surge reaching a record high $19.783 but then it hit hard going down to about $13,889.
When it comes to its future, though, there are a lot of scenarios that can play out this year. What we got is this: we should expect a launch of a lot of new crypto funds. Today there is somewhere over than 100 with approximately $2 billion in assets. The increased number of these funds will lead to the development of new crypto asset investments. 2018 is a year where we are most likely to have other jurisdictions to follow suit leading and slowing ICOs in the short term.
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