The year 2018 was not good for Bitcoin. Although it ended in 2017 at a high price, it did not have the best start to the new year. Nevertheless, the experts predict that 2018 will eventually be a great year for a popular cryptocurrencies, due to ICO.
Legitimate ICO
Legitimate ICOs will play a huge role in Bitcoin's success. While ICOs have long been, not all were legitimate, which meant that many investors lost interest. However, these new ICOs are likely to affect the Ethereum network, which will increase the demand for its digital currency.
Institutional Investors
Approximately $ ten to twelve billion will be invested in the cryptocurrency market only this year. It's a huge sum and surpasses many other markets. In fact, it is estimated that this estimate is almost twice as much as the market capital of cryptocurrencies, and this increase in institutional investment suggests that Bitcoin will definitely be good this year.
Enhanced regulation
If you move around in the cryptocurrency market, you will know that the rules surrounding the market are much stricter. Some countries have announced full bans. But this increase in regulation is in fact a good thing for Bitcoin and other cryptocurrencies, because there is a much greater likelihood that investors will trust them.
In order to gain legal stability and security, it is very important to have rules so that these regulations will certainly help investors and companies in the long run.
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