2017 has been a rollercoaster of a ride for cryptocurrency, but by any means, this is just the beginning. We started off this year with a meager market cap of $17.6 billion and are about to end the year OVER HALF A TRILLION DOLLARS Heres the thing though, we are no where near the top of this "bubble"
So now without further ado, lets get straight to the numbers. My 2018 end of year market cap prediction is $5 TRILLION. That's right, $5 TRILLION. I must be more crazy than Mike Novogratz and his $2 Trillion Prediction. Here me out for a second before everyone goes bonkers.
Cryptocurrency is revolutionizing the way we see money. For the first time ever, we can own money without having the bank as our middle man. This in itself is going to take the power away from the upper echelons of the 1%. With that being said, we saw that for the majority of 2017, only crypto enthusiasts were investing in cryptocurrency until I'd say about Q3-Q4 of 2017. This is when we saw a few retail investors and a few wall street guys dip their toes in the water for the first time. We saw what happened when all the sheep only dipped their toes in their water. The marketcap went from about $120 Billion, which took almost 10 YEARS TO GET TO, TO $644 BILLION in three months. Now imagine what will happen when the true hordes come in 2018. The world will see money like it never came before.
The thing with most people is that they grossly underestimate the value of bitcoin and other cryptocurrencies. Just look at the predictions for what bitcoin was worth at the end of 2017 from January 2017 and you will see that most people believed bitcoin to be worth nothing more than $2000-$3000 and now look where we're at. So anyway when we look back at 2018 and where cryptocurrency has taken us, we will most likely be rich. Let me know your cryptocurrency market cap prediction for the end of 2018 down below.