The shattering price of Bitcoin lately has pointed a lot of fingers to the heads of investors, traders and basically everyone who was hoping for a better start of the year for the leading cryptocurrency out there.
However, when you see it, Bitcoin is constantly growing and has already grown a lot. All of this was because of two reasons: the amazing popularity that it received and the great technology behind it.
The latter is actually what Bitcoin uses to perform the transactions – the encrypted ledgers known as blockchains that allow secure transactions. However, besides this, Bitcoin has developed an elegant method of transferring value from one to another.
However, the ultimate question that many people ask themselves is:
“Is Bitcoin going to grow more – and is the technology behind it actually worth it?”
According to many experts, blockchain technology will be ubiquitous in the future, which means that we will all witness the creation of a completely new asset class. However, it all depends on your assumptions and the amount of money you want invested (read: put at risk). Because in the very end, it’s all about investing a sum that you are comfortable with.
At the end of the day, blockchain in 2018 is acting as the Internet in 1999. No one knows if it is going to replace the traditional mechanisms – but has a massive potential to do so and a market cap that is going higher and higher as we speak.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post