2017 was a year of particularly heightened interest in cryptocurrencies. And it’s not surprising if we consider that the total market capitalization is 500 billion dollars.
Many investors in different countries have put their money at risk and directed the investments in various cryptocurrencies. Of course Bitcoin is the undisputed leader here. The market was influenced by different factors. Some influence was provided by the opinion leaders. For example, the famous billionaire Mark Cuban changed his attitude to bitcoin and in June 2017 he recommended 7.1 million of his subscribers on Twitter to invest in cryptocurrency.
In 2018, we can expect some surprises; many governments have not determined their official position regarding the crypto exchange control. For instance, in September 2017, the San Francisco Federal Reserve President John Williams gave an interview to reuters.com and said that the Federal Reserve was not going to develop its own digital currency. In his opinion, central banks around the world take an interest in how the technologies that are the basis of the bitcoin can provide security, cheapness and efficiency of the payments. And it is absolutely real that some may discuss the decision to accept digital currencies as official money.
Blockchain is a very attractive sphere for young people, the Millennial generation, who prefer to risk small amounts of money to test new technologies for making more money. The big investors will be more cautious and will give preference to analyzing and investigating Crypto Market risks.
There will be a new generation of millionaires – young people who are able to take justified risks with potential for the future. But the market will not be stable and not everything will be clear, because there are changes and confusion in blockchain that will shake bitcoin and all currencies, until the rules of the game are clearly defined.
One of the brightest examples of successful investing in Bitcoin is Erik Finman. He is an entrepreneur with 14 years of investment experience and managed to convert 1,000 dollars into more than one million dollars. Botangle is a new project of Finman, a free training system that he is currently developing.
Botangle started its way in May. In fact, it is the platform, where you can learn any subject. The system allows you to find the subject you need to study, search for the teacher, view their profile and hire them if everything is acceptable. Botangle provides with online videoconferencing and office tools to ensure full interaction between all participants of the learning process and give the opportunity for studying and self-development regardless of geographic region.
As for Ethereum, it grows at a stable low rate. Without much promotion, it was the best-selling currency this year. Ethereum will continue to steadily grow without any ups and downs. Of course, it should be reminded that Vitalik Buterin (who is the Russian-Canadian IT specialist and writer known as a co-founder of Ethereum and as a co-founder of Bitcoin Magazine) is one of the 50 most influential people of Bloomberg in 2017.
One of the most significant news in 2017 was that MasterCard consider the development applications for blockchain. Distributed accounting technologies are developing and becoming more in demand in the financial system. MasterCard is the company of credit and debit cards plans to use blockchain for fiat money transactions. MasterCard is going to develop its own version of blockchain, so that business clients can make payments to others without having to transfer their plastic cards. In this case, banks and merchants will use a new alternative to liquidation quicker and safer. The main goal of the company with this new blockchain is to increase the international payments in B2B sector, and there will be about 22,000 institutions.
In general, the topic of technological development will become more popular in 2018, since governments and institutions are considering the using of blockchain as an economic platform.
There is some news that also deserves attention:
The fact that governments and serious companies are interested in these new technologies is an indisputable fact. That is why there are reasons to believe that 2018 will be remembered as the year when the blockchain risen to the highest level.
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