After a prolonged decline, Bitcoin has returned to the $15,000 mark per coin and stabilized. Fluctuations up to $16,500 in the middle of the week are attributed by experts to speculation on certain exchanges, where the cryptocurrency caught the attention of traders who shifted from the gaming field of the dying Forex.
John McAfee: Bitcoin is Strengthening
The antivirus magnate John McAfee is confident that “Bitcoin” has settled at its lowest point and now only growth is to be expected. Surprisingly, the billionaire predicted the cryptocurrency’s fall until Christmas, which did happen. It is hoped that his other forecasts will come true, and by 2020, Bitcoin will reach a value of 1 million dollars per coin.
Experts believe that the value of cryptocurrency is influenced by capitalization, which has attracted players of global scale seeking a replacement for gold and the US dollar. Since the countries of the Rising Sun have long been trying to “get off the dollar needle” and have not yet decided which currency to choose for external trade: yuan, rupee, or ruble – Bitcoin is in a favorable position.
The only dissatisfaction comes from global banks, which see the birth of a “new star” on the financial arena as unprofitable. An uncontrolled coin creates obstacles to wealth accumulation, so 2018 promises to be tense for miners and cryptocurrency exchanges.
