Bitcoin finally hits the moon, now will it reach the stars?

Why is Bitcoin rising?

As more and more people learn about the benefits and disruptive nature of bitcoin, more and more people are jumping aboard the crypto-train. People are starting to understand the value of digital money, and thus the price of bitcoin is sky-rocketing. We often forget though (or perhaps we fail to realize), the cryptocurrency market is still incredibly young – and relatively small. Apple alone has amarket cap just under $900 billion, with the whole of the cryptocurrency marketworth $332 billionat the time of writing. So what does that mean for bitcoins future? It’s a matter of supply and demand… and there is a finite supply. It’s clear now that people want in. With that said, it’s likely just reaching critical mass. Mass adoption here we come. 🙂

How high will Bitcoin go?

After rising so much in 2017 it’s hard to imagine, grasp or believe how high it can actually go in 2018 and beyond. There is a lot of speculation going around with people throwing in radical predictions varying between $25,000 to $250,000. To name a few:

Since then, he has famously tweeted:

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyDJohn McAfee (@officialmcafee) November 29, 2017

Still not convinced? With rumors of Wall Street investment, and futures markets opening up – one thing is clear – 2018 is going to be a really big year for bitcoin.

Is now a good time to sell Bitcoin?

If you’ve been HODLing Bitcoin for a while, maybe it is a good time for a shopping spree. There is always the risk of a Bitcoin dip, so cashing out now, paying off some bills ortreating yourself to a new Lamboas Peter Saddington did could be a good idea. If you’re looking for an easy way to spend it, our Wirex payment card allows you to spend bitcoin like a normal debit/credit card (anywhere Visa is accepted). With Christmas around the corner, it might be the perfect time to start loading up on pressies.

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