After the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year.
this topic talks about 5 predictions for digital currencies according to the writer (Evelyn Cheng | Twitter):
1. More institutions will get into cryptocurrencies.
"Our institutional investor base is very interested in learning more and getting exposure," said Michael Graham.
2.There will be more regulation and bitcoin's price will drop.
However, in the meantime, regulators will likely try to limit speculation in cryptocurrencies.
3. It will be a wild, volatile ride.
The contrasting views on the future of cryptofunds come as some analysts expect bitcoin to ride an even wilder wave this year.
4. Bitcoin will prevail, while other cryptocurrencies grow.
While bitcoin's price has stagnated in the last two weeks, smaller digital currencies such as ripple, stellar and tron have surged into the ranks of the largest cryptocurrencies by market capitalization.
5. Stock investors may get a chance to invest in a digital currency-related IPO.
As interest in digital currencies has grown, the companies involved with the business have become billion-dollar entities. Leading U.S. cryptocurrency marketplace Coinbase, valued at $1.6 billion, has indicated it could pursue an initial public offering.
what is your predictions for digital currencies in 2018?
Read more and source :
https://www.cnbc.com/2018/01/05/five-predictions-for-digital-currencies-in-2018.html