«Bitcoin Forecast 2018
A group of researchers has published results of its investigations of cryptocurrency capitalization. They claim that Bitcoin market will plummet significantly and rapidly by the end of 2018, which will be followed by a huge financial drop of over $44 billion. At the moment BTC gross value is considered $121 billion, but financial organizations of Switzerland, including Management and Technology Department and Finance Institute of Geneva University, predict that about 35% of those funds will come down because of numerous crashes and bubbles on the global financial market.
If we try to analyze the current technical and financial parameters with the help of mathematical formulas, we’ll see a great number of such bubbles, that appear, grow and burst with the increasing speed. Scientists apply Metcalfe’s law in connection with cryptocurrencies researches, and according to the investigations results less people are Bitcoin owners. This situation started four months ago, when one unit price was about $8,119.
Researchers offer some possible scenarios and emphasize that the unstable nature of cryptocurrencies should be monitored with great attention. If the quantity of cryptocurrency owners keeps on decreasing, some serious problems are awaiting the financial market. According to some forecasts, the current market will very soon become similar with its state in 2014.
But it’s too early to forget about cryptocurrencies completely. It’s still necessary to know something about Bitcoins and the blockchain technology. Some researchers are quite optimistic about the cryptocurrencies future and say that they will overtake the US dollar.