To answer this question, let's go back to the beginning of this year. The Bitcoin’s value was just over $1,000. There were a few analysts who forecasted that the Bitcoin value will exceed $2,000 - $3,000 in the near future. However, such forecasts weren't perceived seriously. Much more reasonable seemed the predictions that Bitcoin has already reached its peak and will “burst” soon. Investment in Bitcoin and other cryptocurrencies were considered as very high-risk investments, compared to the likes of the Ponzi scheme or financial pyramids. At the beginning of this year and especially a year ago, nobody could have imagined that in just seven months, in August, the Bitcoin price will be above $4,000 with a tendency to grow further.
This year Bitcoin has passed many tests including the fiasco in China, but despite this continues rising and expanding around the world. The Bitcoin competes with Gold as a safe, devoid of geopolitical risks asset that is not dependent on the USD rates, but it can't be compared to any other assets in profitability.
So Bitcoin is becoming more and more popular among investors. Whole states are interested in cryptocurrencies. Nowadays Bitcoin is not the only alternative to Gold. This currency is considered also as an alternative to the USD. Some countries, such as Venezuela, are thinking of refusing their weak local currency in favor of Bitcoin. There are no countries left that don't use and don't know about Bitcoin. As it turned out, even North Korea is beginning to actively use this cryptocurrency to minimize the damage from sanctions.
As for future projections, more and more analysts are certain that there will be further expansion of the cryptocurrencies. The head of the International Monetary Fund Christine Lagarde supposes that digital currencies could in the future replace many currencies in countries with fragile economies. Moreover, the IMF is going to consider whether to take into account digital currencies in their unit – SDR.
Thus, today, Bitcoin is becoming a full-fledged trading and payment tool that can't disappear. The popularity of Bitcoins continues to grow rapidly. For 2017 the number of people who use this currency has already increased by 40%, and it occupies a leading position for queries in search engines. The Bitcoin can be called the number one digital currency of the future. That's why, investing in Bitcoin can be considered as the investment of the future.Join hundreds of thousands traders who invest in Bitcoin and get an impressive profit!
From superforex
