Bitcoin Could Reach $10,000 by 2018
Bitcoin Frenezia continues, although the signals that we are dealing with speculation are multiplying.
Less than a week after the price exceeded $ 8,000, bitcoin broke the 9,000 mark and was very close to $ 10,000.
Everybody has expected for Bitcoin to boom but it seems the rate was not anticipated at this level.
The gallop is fueled by the hope that virtual coins are slowly moving into the big finance industry, but the price hikes seem exaggerated.
Bitcoin's value increased ten times since the beginning of the year, and ethereum climbed 25% only in the last week.
It seems that no investment in the world is more profitable than that and it is precisely this idea that pushes many to invest in cryptocurency.
It's a huge buzz around Bitcoin but for how long it remains to be seen.
A tough correction, a price collapse, is awaited, but there is a thickening of the ranks of those who want to win something from the bitcoin mania. This year, more than one hundred hedge funds have been set up, which mainly bets on virtual currencies and speculators numbers are increasing day by day.
We still advise caution though as this is still a volatile market and things can go south at any time.
What do you guys think will happen in the short run?