Few days back, Bitcoin went below $6000 which infact was the lowest we ever saw after early November. Many people who were against or not in favour celebrated & were telling everyone that the crypto-bubble finally burst, we told you so etc. But on wednesday, 7th Feb, Bitcoins did recover $2000 & was trading above $8300.
Big economic gurus have the following things to say/predict :
Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar value mark, Jamie Burke, CEO at Outlier Ventures.
Technological advancements and new investor products could push bitcoin to $50,000 in 2018, Thomas Glucksmann, Gatecoin.
Investors may focus on so-called "utility tokens" this year which are digital coins that can power blockchain technologies, Expert's reports.
In a nutshell, cryptocurrencies are here to stay but will face a little difficulty, criticism & market fluctuations.
We can keep our fingers crossed and just wait & watch, hoping for the best for everyone.
DISCLAIMER : I DO NOT OWN THE IMAGE & DO NOT CLAIM TO BE CREATED BY ME
So, when will the 'real' bubble end? Or rather what will it look like?
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It is not going to end but rather it will evolve by new regulations, new technologies & new investments.
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Good because WAS going up too fast
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History says, crypto-market pulls back, finds a tough time then rises up even higher then last time.
Currently it's that tough time going on, let's hope the good times start very soon.
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