Bitcoin at $100,000 Mark Next Year

Some financial experts predicting that Bitcoin could top $100,000 point by the end of 2018.

After a remarkable year for so-called cryptocurrencies, and countless warnings the bubble was about to burst, the market seemingly remains robust.

There are some altcoins like Ethereum, Litecoin and Ripple threatening bitcoin’s previous dominance. However, mountains of cash money continue to be invested in the entire sector.

In 2017 bitcoin has seen a 400 per cent increase, breaching the $20,000 mark – however, in the days before Christmas the currency saw a dramatic ‘correction’ and was trading at below $14,000.

Despite this bitcoin futures contracts were launched by Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) this month.

Some financial power brokers have decided enough is enough.

The JP Morgan Chase Jamie Dimon even called it a “fraud”. However his words weren’t noticed by large publics.

There are other experts like Olga Feldmeier, CEO of Smart Valor who believe bitcoin’s possibility to reach $100,000 by the end of next year.

There is no doubt that bitcoin has scared the financial establishment.

Bitcoin seems to have attracted a lot of allies and friends to the digital currency. The price of bitcoin next year is heavily anticipated but so is the next natural step.

A bitcoin and blockhain expert Nick Spanos, who is founder of Zap.org said:

“Bitcoin has a stellar year ahead. No matter how low bitcoin went in the past, it always climbed back at least a few times stronger.”

“Bitcoin is now tested and proven to the market: more importantly, people now separate the Blockchain’s incredible abilities from outside issues, so bitcoin is gaining more solid confidence from users and outsiders as this understanding improves. These perceived downsides are being taken care of, while the upside for bitcoin is virtually limitless.”