Adoption of cryptocurrency is going to surge in Q1 2018, an expert has predicted, and this will lead to an increase in Bitcoin value in March.
The comments come from Clif High, creator of the Web Bot Project and Bitcoin expert, as he posits that the virtual currency will hit $64,000 before April. A 30 per cent drop would then be expected, leaving it at around $45,000.
He said: “As we get into mid-February those who have the ability to look forward will see just fifteen, eighteen days from then. So early March [could be] the beginning of our next big leg up. The current buyers of the world’s cryptocurrency is less than 1.5 per cent but the next cohort that’s coming is 13.5 per cent of the population.”
It’s likely true that the more mainstream cryptocurrency becomes, the more companies would bring out associated services and products. While no one truly knows the future, it’s an interesting thing to think about.