Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar value mark, Jamie Burke, CEO at Outlier Ventures said.Technological advancements and new investor products could push bitcoin to $50,000 in 2018, Thomas Glucksmann of Gatecoin told CNBC.Investors may focus on so-called “utility tokens” this year which are digital coins that can power blockchain technologies, according to one expert. We have Some Statements about Crypto from around the world.
We are Splitting this Articles in three Pages.
Page 1- Predictions for 2018 About Bitcoin and Cryptocurrencies.
Page 2 – Pros of Cruptocurrency and Bitcoin
Page 3 – Cons of Cruptocurrency and Bitcoin
Predictions and Analyse for 2018 About Bitcoin and Cryptocurrencies.
1 – Jamie Burke, CEO at Outlier Ventures, Europe’s first Blockchain-based incubator, told CNBC that :-
“We believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a proper crypto winter sets in where the market becomes more focused on proper market fundamentals.”
2 – Thomas Glucksmann, head of APAC business at Gatecoin Told :-
“There is no reason why we couldn’t see bitcoin pushing $50,000 by December.”
He also Wrote :-
“One possible appetizer for the bulls, or the catalyst for the recovery, will be the release of another cryptocurrency backed instrument listed on a major exchange. There are several candidates in the pipeline, it’s only a matter of time until we have a cryptocurrency backed ETF (exchange-traded fund).”
3 – Utility tokens like IOTA, NEO, and Ethereum are also something to watch in the coming months, CEO of Hercules Tech Mick Sherman told NBC:-
“Utility tokens and assets with a working platform and a clear-cut reason for requiring both a blockchain and their own token, are more likely to appreciate in value this year. Some of these cryptoassets will not be used for years, meaning they have no utility value.”
4 – Singapore’s deputy prime minister Tharman Shanmugaratnam provided new commentary on the government’s commitment “not to ban” cryptocurrency as part of its future regulatory plans. More he Said:-
“But we will be subjecting those involved as intermediaries to our anti-money laundering regulations. And we will keep highlighting to Singaporeans that they could lose their shirts when they invest money in cryptocurrencies.”
5 – The president of the European Central Bank has publicly stated that European banks could hold positions in bitcoin after developments such as Bitcoin futures contracts listings by US exchanges. He Said :-
“However, recent developments, such as the listing of Bitcoin futures contracts by US exchanges, could lead European banks too to hold positions in Bitcoin, and therefore we will certainly look at that.”