In many ways, 2017 was a landmark year for cryptocurrencies.
The overall value of all cryptocurrencies skyrocketed 3,400%, and it seemed like you couldn’t open a newspaper or turn on the news without hearing stories about digital currency.
2017 brought the word Bitcoin into the mainstream vocabulary.
Their is a story of patient, who refused to stop checking the price of Bitcoin during the course of a procedure.
As far as life-changing technologies go, digital currency and blockchains are up there.
However, for all of its promise, much of the discussion regarding Bitcoin in 2017 has revolved around price.
That’s because many investors are more interested in gambling with digital currencies than anything else.
That’s not necessarily a bad thing, though.
As more people become familiar with digital currencies and begin to own them, increases in adoption and acceptance are likely right around the corner.
Additionally, the technology is still evolving. This means that the tremendous gains in digital currencies so far could be eclipsed by even bigger gains that are yet to come.
That being said, the runaway growth of digital currency markets in 2017 has created many scams and useless currencies that are valued far higher than they should be.
Many of the smaller scam currencies, some of which have seen breathtaking growth, could see a massive correction — and effectively disappear in 2018.
Ultimately, we’re just getting started.
With digital currencies just now scratching at the surface of their full potential, 2018 is poised to create some major opportunities as markets respond and adjust to these massive economic trends.