Yes, the reason being the demand and supply game. yes we are aware of the fact that governments are turning their heads towards a global solution for this tech as 2017 was pump 2018 will be the year of correction.
Bitcoin is serving as the basic unit to enter the market right now. if you own this, mother of all, cryptos you will be given a pass to enter the Altcoin market. the way people are entering this trend shows in the years to come this will pump further. after all there are just 21 million of them.
what is holding Bitcoin back is its issue dealing with large amounts of pending transactions, block size difficulty in mining leading towards centralization in few years. as few will be able to manage to mine these large blocks with high end mining rigs.
on a positive notes the solutions such as Segwit and Lightening Network are encouraging and some issues faced by even these systems will be rectified and corrected in future. as the adoption proceeds further mainstream markets will enter the BITCOIN PHASE.
In 2018 Bitcoin will dive into much more wanted phase of correction expected to last till September 2018. then the adoption by governments on smaller scale will be expected till May. hinting the future of Bitcoin. regulations are other angle to see it but those products with adoption as trust will be ripple and Ethereum as main player catching up will be NEO and EOS in 2018 they will try to compete with their products to enter next Ethereum Marathon
Recent news are good omen in this regards and shows we are heading towards right path. like Saudi Central bank allowing banks to deal in ripple, Western Union testing ripple pilot project Xrapid. moneygram already in for using it. UAE remittance giant adopting it. European Central Bank hinting that they will keep Crypto asset.
