Bitcoin Prediction Can Reach $ 50,000 In 2018 This -Trade, Cryptocurrency market recently fell below the $ 400 billion mark, as bitcoin itself fell to slightly above $ 6,000, before the price started to return. At the time of the press, the kriptocurrency market made the pivot bullish, as US regulators signaled that they would take a cautious approach to the cryptocurrency rule during a high-level Senate hearing.

At press time, bitcoin traded at $ 8,387 after rising 24.5 percent in the last 24 hours. This may be just the beginning of a major crypto rise this year, because according to CNBC experts, see bitcoin doing bulls bigger than last year and reaching $ 50,000.

In fact, experts believe that the cryptocurrency ecosystem can exceed $ 1 trillion, because other cryptoes can also see significant gains. Thomas Glucksmann, head of APAC's business development at the Gatecoin cryptocurrency exchange, noted that regulatory recognition, technological developments, and the inclusion of institutional capital will contribute to this year's boost.

Estimated bitcoin price 2018 can be tripled

Estimated bitcoin price 2018 can be tripled
The innate volatility of Bitcoin makes it a little difficult to predict how much it is worth at any given time. However, financial experts can use their industry experience and knowledge to give their opinions on where bitcoin prices will settle.

Tom Lee: The 2018 bitcoin forecast can triple

Tom Lee is a former equity strategist at JPMorgan Chase, and is co-founder of Fundstrat Global Advisors, a market strategy firm. Lee is also a Bitcoin advocate who estimates that the price of the currency could be "easily doubled", and even tripled, this year.

Lee has previously marked the middle of 2018 because when Bitcoin will start trading at $ 11,500, the price has been reached last year. In fact, it even reached a trade volume of nearly $ 20k in some exchanges.

He has called Bitcoin's price uncertainty a "price discovery process." In addition, he said that investors may not

The Influence of Blockchain Against Creativity and Art

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The Symposium held by Creative Tech Week last Thursday (10/05/18) entitled "CryptoCreative" took place in New York, taking the theme "Blockchain's Impact on Creativity and The Arts". In particular, the event is indeed to explore the effects of blockchain on creativity and art.

The event, which runs from 2 pm to 9 pm, has brought together entrepreneurs, developers, artists, curators, and others who have already studied the effects of blockchain on creativity and art.

In the event, it is divided into several panels, starting with the basic discussion and introduction of blockchain, tokens, Dapps, and smart contracts, Art, media and blockchain, to a special panel on blockchain implementation for musicians and artists.

A number of artists who attended the event such as Casey Pearl, Tatiana Moroz, Jonathan Mann, DJ Pepe, Scarab X, as well as parties from SigularDTV. While paneled for the art world, there are a number of names like ArtProject Decentralized, John Crain, Pixura, Theo Goodman, Jeff Zirlin from Rare Pepe Foundation, Jason Rosenstein from Axie Infinity, Archetype, and Yiying Lu from Designer in Tech.

Bitcoin, Blockchain and Art
Bitcoin, blockchain and the art world have become a part that has been attached to each other. The interaction can be seen from the many parties who began to participate in it. Both from artists from among creators and connoisseurs of music, painting, book writers, to entrepreneurs and businessmen in the same segment.

More specifically, the crypto world has become an open segmentation in the art world. Artists who have been in the bitcoin and blockchain world have their own methods of translating them into works.

The interesting reviews written on Bloomberg, last Thursday for example, were pretty neat in describing how crypto artists searched for ideas for their works. Call it like Michael Jacson owner of Mangrove Capital who also served as COO Skype, has made a work entitled "Yellow Lambo". Michael has even spent USD 400,000 or less worth 5.6 billion rupiah.

Michael, spent the money to buy fluorescent lights with yellow lights along the 10 feet. Long lamps are then arranged in such a way as to form 42 yellow letters that form a smart contract address belonging to its platform.

Artist @cryptograffiti threw shade at Jamie Dimon with a piece entitled "Terrible Store of Value." It sold for $ 33,000 at auction this year ➡️ https://bloom.bg/2rykOCB

Another with the artists at Cryptograffiti, got a new idea again in response to Jamie Dimon's comment, JPMorgan. At that time, Dimon gave a comment calling crypto a "Terrible store of value".

The artist in Cryptograffiti then answered it with the same piece entitled "Terrible store of value", with a photo of Jamie Dimon in his work. Cryptograffiti rate Jamie Dimon's figure reflects public confidence in traditional banking institutions that began to crack in his work.

Jamie Dimon's photographs, even auctioned at USD 33,000, or worth 462.8 million dollars, are fantastic. Reportedly, the work of the cryptograffiti will be one of many other works that will be auctioned off art for charity activities, located in New York, May 12 tomorrow.

The many involvement of artists in the world of bitcoin and cryptocurrency in general is not apart also because of technological developments. Christiane Paul, assistant curator at the Whitney Museum of American Art who is also a director at Sheila C. Johnson Design Center, considers that blockchain has a lot of great potential. Paul said that "Artists will always be involved with new technology. It is important for artists to capture certain moments as part of cultural and technological evolution, "

In addition, there are also works that may be considered quite extreme. One artist named Kevin Abosch, pictured himself as a crypto coin, then manifested in a crypto project called IAMA Coin. Kevin then made a work in the form of writing address smart project contract using a rubber stamp with ink from his own blood.

The initiative is done, because in his project, Kevin imagines himself as a crypto token. So Kevin represents his own blood in his work. Kevin made 100 of the same works. The assumption in 100 of his physical works, can represent 10 million crypto tokens in his project.

While in other artists, also get a lot of crypto world ideas in his work. For example, in crptoart.com, which sells his work in several editions with a limited number. Not to mention like LynxArtCollection with some of his works printed on aluminum plate.

Lee then explains the 2018 bitcoin price increase that can be achieved:

"In the long run, [the easiest way to see Bitcoin is] as a substitute or set of values. So, when the millennium finds and generates income, they will use it instead of gold. If [Bitcoin] gets 5% of the gold market, that's roughly $ 50,000. "

Lee has previously said that the millennium seems to offer easier acceptance and adoption of virtual currency in general, thus providing them with a decent investment offer. Lee has likened this to previous generation gold investments.

Bitcoin has outperformed gold for two years. In addition, the 'buy bitcoin' search query on Google exceeds the 'buy gold' demand.

Lee also explained that "although on a risk-adjusted basis, Bitcoin will easily outperform the S & P." He added that if Bitcoin could regain a $ 20,000 footing in the first six months of the year, the second half of 2018 could see profit even greater than.

Lee is not the only hedging Bitcoin price bet. Some, like Dennis Gartman, are still convinced that the bubble will explode, resulting in Bitcoin trading under $ 5k.

However, Bitcoin fans like Bobbly Lee have predicted that the currency can trade as high as $ 100k. Lee is co-founder and CEO of BTCC, the longest crypto exchange in China before it is turned off. Although he has been burned by the Chinese Bitcoin ban, Lee and many others believe that the only way is for Bitcoin.

Satoshi Nakamoto

Satoshi Nakamoto is the main and most mysterious figure behind Bitcoin. He is the creator of Bitcoin, who uses a pseudonymous "pseudonymous" internet name called "Satoshi Nakamoto". The name seems to imitate itself as a person from Japan. But until now his identity is still unknown.

After so actively introducing his findings and also active in the cryptographic community, he then disappears. He stepped away and decided he was no longer in the Bitcoin world in mid-2010.

Satoshi Nakamoto claimed to have developed Bitcoin since 2007. A year later he published an academic paper on Bitcoin which he wrote himself. More about Satoshi Nakamoto and his work in the Bitcoin world can be listened to in Bitcoin's history article last section on Some Tips About Satoshi Nakamoto.