Bitcoin is regarded as a store of value/asset rater than currency and it is surely going places in this year that is something that we are sure about, let us share some facts why we see bitcoin and other cryptocurrencies going places in this year.
1.REGULATIONS: We might see bitcoin and other cryptocurrencies being regulated in many countries such as RUSSIA,USA,SOUTH KOREA,INDIA this year which will definitely stop the scams and ICOs and eventually attract the institutional money into the cryptocurrency space which will drive the market cap of BITCOIN and OTHER CRYPTOCURRENCIES.
Many companies will migrate to blockchain technologies and new startups will use ICOs instead of EXPENSIVE IPOS in order to rase funds from the market which will help the market to go high. It will also drive more competition in the market.
RISE OF UTILITY: Many coins will have real life Utility such as payment systems and gaming industries etc.
LIGHTENING NETWORK FOR BITCOIN: Yes guys we might see this happening soonish. If Lightening network gets implemented in Bitcoin we might see lightening transactions within few secs/minutes with almost zero fees. You can imagine guys if this happens what could be the scenario?
NASDAQ might introduce as they stated on the CNBC News that they will introduce BTC/USD ETH/USD pair trading soonish. NASDAQ is bigger than both CME and CBOE, I hope you remember what happened last year when we saw Bitcoin futures trading, ATH!! 19980 USD per BTC. NASDAQ might introduce Futures trading within or before June 2018. Which will easily drive the price to ATH.
With all these facts keeping in mind we might see the overall market cap reaching 1.2 to 1.6 trillion dollar which will eventually drive the current bitcoin price to 3x easily which means we might see 30,000 USD within the END of 2018.
SO GUYS EVEN IF YOU HOLD YOUR BTCs/ALTS for this year you will be sitting at a 400 to 600% gain within the End of this year which is not that bad but we aint gonna stop here anyways!
Remember Cryptocurrencies is not about short term gains it is about looking at the big picture in a long term perspective.
The market is still recovering am quite sure we will see the DAWN soon.
Be Happy, Keep calm, Focus on your good health,Spend some time with your families, go for trips and HODL!
