Bitcoin is poised to hit at least $7300 by mid-November and $10,000 by the end of the year. The Bitcoin analytics are indicating, that with 80% accuracy, Bitcoin will continue to hit new highs over the next two months. I truly believe, that this really is the calm before the explosion of Bitcoin.
We are currently a little over 1.5% of cryptocurrency adoption. Technically, we are still in the early innovator stage of this new burgeoning Fin Tech regarding the blockchain. Wait until we hit 5% adoption of cryptocurrency (primarily Bitcoin) by early summer of 2018 and we will see $30,000 per Bitcoin.
There is no question, that as people learn about the blockchain and Bitcoin, their enthusiasm quickly grows. I know for myself, that once I fully grasped the understanding of how crypto’s worked and the genius of a decentralized blockchain, I was hooked. It is as if a light bulb went off and I saw the future. Bitcoin and the blockchain will and is revolutionizing the world. This invention will help rid the world of most of the corruption that exists in the banking, government and commercial/industrial world. I try and have as little as possible to do with the above mentioned and am a strong supporter of this truthful technology called Bitcoin and the blockchain.
It seems that those 45 years and older have a hard time grasping the concept of Bitcoin (there are exceptions, however). The generations that are 40 and younger, for the most point, get Bitcoin. Most of the blockchain/crypto developers are the younger crowd. These individuals get the vast potential of the blockchain and the explosion of related I.C.O.s that are out there. Failure to learn, study and adopt cryptos will be a huge financial mistake.
Bitcoin is NOT in a bubble. People make that statement either 1. they do not understand Bitcoin or 2. they are too much invested in the old dying Fiat monetary system and view Bitcoin as competition. The true mathematical analysis shows we are years away from any technical “bubble” that Bitcoin might be in. The cryptocurrency/token market would have to have a market cap of over $100 Trillion Dollars before the appropriate definition of a “bubble” could be applied.
Bitcoin is posturing to be a store of value more so than a daily usage cryptocurrency. Litecoin is developing more for the roll of daily usage cryptocurrency for global commerce. Either way, I feel that both coins have great value and both have only just begun their upward trajectory.
We are still early in the crypto development. It is not too late to learn and participate in the here to stay Fin Tech industry. Never feel that you have already missed out. In fact, just the opposite is true. Now is a great time to get involved and there is less risk now than ever before. Bitcoin and other cryptos are proving themselves every day and getting stronger, safer and faster to use. Remember, we are still under 3% adoption. Even if we were at 20% or 30% adoption, getting in would be a smart economic move.
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