Why Bitcoin Becomes The Best Choice For Investment In 2017

                                             

Once again, the price of Bitcoin is more palatable when compared to every reserve currency and currency in the world today. Bitcoin's price or value is superior to 30 percent of the US currency  "US dollar", Bitcoin has surpassed the growth of Mexican Peso, Silver,  Gold and Russian Rubles and was awarded as a currency that performed  well in 2017.

According to the existing Bitcoin data chart, Bitcoin's value has  exceeded the value of other currencies and other safe-haven assets such  as gold and silver with a very wide margin.

So far, 2017 has been a successful year for Bitcoin investors and  alternative traders of cryptocurrency (altcoin), such as altcoin or  other well-known crypto assets such as Ethereum which has now reached a  market cap of $ 5 billion in early April.

Even in January, Ethereum's market share has not reached $ 1 billion. And in just four months, the price of Ethereum has increased rapidly to fivefold.

This Etereum growth can be attributed to the establishment of the  Ethereum Enterprise Alliance and the developer community that is  followed by large-scale development of companies, organizations and  businesses.

The Bitcoin market has consistently experienced some major changes to its ecosystem earlier this year.

Starting with, the Philippines and Japan are litly legalizing Bitcoin and its business areas in their respective areas. The  Indian government also expressed the possibility of establishing a  regulatory framework for Bitcoin to be implemented in early May. Some of Japan's largest retailers including Bic Camera participated,  which had a major influence on the Japanese technology and consumer  market and Bic Camera was starting to receive payments using Bitcoin.

The  main strength of Bitcoin's price drivers in early 2017 is also  suspected to be the solution of the current Bitcoin network scalability  problem. Block size This small network causes Blockchain congestion, drastic increases in transaction costs and long confirmation times.

If this Bitcoin scalability problem can be resolved quickly this year,  with innovative solutions like Bitcoin Core with Segregated Witness  (SegWit), Block Size Enlargement by Andrew Lee or other potentially good  solutions, it is likely that Bitcoin prices will increase  exponentially.

Bitcoin has officially surpassed the $ 1,300 price level on 26th April, breaking the previous all-time high of $ 1.277. However, most analysts see a high level of instability in the current  Bitcoin price trend due to banking problems that cause Bitcoin exchange  exchanges such as Bitfinex and OKCoin to experience many changes and  operational / service constraints.

If  the conflict between the bank and the Bitcoin exchange market can be  resolved, the Bitcoin scalability problem can also be solved and the  mainstream adoption in Japan, India and Philippines continues, I think  the Bitcoin price will show massive growth in the medium and long term  exponential.