When Bitcoin was first introduced, people wondered if this was just the latest internet fad. While cryptocurrency has had its ups and downs, it appears to be here to stay. More than 17 million Bitcoin is currently in existence, and the makers state they will stop producing it in 2040. People who wish to learn about this fiat currency alternative can read more on this page. What do experts predict 2018 will hold for Bitcoin?
An Increase in Value
Many experts expect Bitcoin to continue to rise in value. They believe the surge of this alternative currency was only the beginning and the best is yet to come. As this payment option can be used globally, it remains popular with many. However, not all countries have embraced it. Some countries continue to watch the rise of cryptocurrency and have yet to pass any legislation regarding its legality. Other countries discourage the use of Bitcoin and impose heavy taxes on it to inhibit its use. Finally, certain countries have chosen to ban it completely, Users need to be aware of the laws in place where they plan to use the currency.
Improvements Are Coming
While cryptocurrency as a whole has been on a downturn, experts believe this will change in the coming year. They point to signs of a recovery and feel there will be a major surge in the price in the coming years. In fact, they believe it will achieve a new high in the coming months. While not all believe this, as 2018 was a very volatile year, numerous people have opted to invest in this alternative currency now that is has become mainstream.
Nobody can predict what the future holds, especially when it comes to legislation. However, cryptocurrency isn’t going away anytime soon. Anyone who has considered dabbling in cryptocurrency may find the coming year is a good time to do so. The key is to learn all you can about this currency and whether it is appropriate for your life. Many will find it is, but some will stay with traditional fiat currency. That’s okay because there is room in the world for both.