We think it’s safe to say that 2017 has been an amazing one for the Cryptocurrency Market. Bitcoin was valued at $1,000 when 2017 started and now its sitting at $14518. This incredible surge in value is what made more and more stock investors to be interested in the cryptocurrency market which in turn, helped the market cap grow even higher.
Bitcoin Draws Attention
Most banks and huge stock investors had no interest in getting involved with the cryptocurrency market during these past few years but now, everyone sees Bitcoin, Ethereum and all other digital coins as the future.
Seeing how Bitcoin is here to stay, huge corporations such as Nasdaq, CME and CBOE announced that they want to list Bitcoin contracts. In fact, CBOE and CME have already created active market participants.
Traditionally, Bitcoin’s investors were a group made from crypto-centric companies, early adopters, individual traders and really rich people. However, things started changing since the entire world wants to invest money in cryptocurrency after seeing the amazing milestone that Bitcoin and other digital coins managed to achieve all throughout 2017.
The most interesting thing that happened during 2017 was that numerous ecosystems were built around Bitcoin. People embraced the idea of Bitcoin and Ether, and this made banks and other vendors interested in using cryptocurrencies. Therefore, thousands of cryptocurrencies can now be used for different utilities, services and cases.
Now that the cryptocurrency market is filled with new stock investors, banks and big corporations, Bitcoin is expected to evolve even further during 2018. We are not talking only about a growth in value, but also about becoming more stable, secure and usable.
This is something that everyone who invested money in Bitcoin wants to happen and if it does, Bitcoin might become an official international currency.
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