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Sunday, 31 December 2017

Bitcoins Bull Run.

Bitcoin Bull Run

2017: The year of Bitcoin's Bull Run.

2017 has been a great year. A year for the bull run of bitcoin and even now it is amazing how far bitcoin has come this year. This is the third year in a row that bitcoin is the  currency of the year.
January: In its first week, Bitcoin became $1000. That was a shock to many.
The price kept rising all through 2017. Hitting new highs and lows.
March: Bitcoin gained mainstream as New York subway trains started accepting bitcoin as payment this year.
June: IMF urged banks to invest in cryptocurrencies in June this year.
August: Bitcoin hard forked on the first of August and created Bitcoin Cash BCH. The 4th largest cryptocurrency by marketcap today.
This is also the year the word: cryptocurrencies was introduced to the world. The world got to hear about bitcoin in November 28th this year when bitcoin price hit $10,000 and many were alarmed, wondering?
What is bitcoin? How could it be $10,000.
November: What is bitcoin was the highest search term on google from 29th November till 20th of December.
Bitcoin futures was introduced by CBOE in December 10th and CME by December 18th respectively.
December: Bitcoin achieved its highest run this year on the 18th of December when it hit $20,000.
Bitcoin is presently $13,000 at the time of this writing.
Will it be sustained or do we see bitcoin going higher next year?
If you ask me I think 2018 will be the year of the blockchain and the year of Ethereum as a cryptocurrency.

Thank you for being a faithful reader and follower of this blog this year and 
Wishing you a wonderful new year and the best of 2018.

Thank you.

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