Bitcoin has been the hot topic of the year. Beginning January 1st, 2017, Bitcoin was just a bit above $960 per BTC, according to coinmarketcap.com and it has since soared to over $4,300 just by August 15th, 2017! That’s roughly a 4.5x increase in only 7 1/2 months! And that’s not all, Bitcoin’s history at the beginning, started as being practically worthless. Then there was the historic moment on May 22nd, 2010, when 2 pizzas worth about $25 dollars were purchased with 10,000 Bitcoin! Those same digital tokens would be worth over $43,000,000 US dollars today, only about 7 years later!
What is the Bitcoin price prediction for 2018? According to investorplace.com Bitcoin prices could hit $5,000 value by 2018. A number of reasons have pushed Bitcoin to record highs, such as legalization of the currency in Japan for payments, boosted interest from Korea, as well as the conclusion of a debate about the future of the cryptocurrency. Fifty-six companies located in 22 countries and 83 % of bitcoin miners supported the "Bitcoin Scaling Agreement," according to the Digital Currency Group. The document lays out an upgrade that should increase bitcoin's transaction capacity.
Our advise - never invest more than you are willing or able to lose, Bitcoin is a very risky investment and you should keep in that in mind at all times. Make sure to buy Bitcoins only from exchanges that have proven their reputation. And after buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange.