Despite the overwhelming bearish sentiment on the market in the next 18 months, the situation on the stock market can change dramatically — and the main force will be the bulls. The fact is that the infrastructure of digital money is growing at a much higher rate than before. This writes the News of BTC.
2018 will be a kind of test of strength for all members of the community of Bitcoin. The growth of the first cryptocurrencies in the end of last year contributed to the fact that the main mood in the market changed from pessimism to optimism.
According to the Twitter user with the nickname Conan O Bitcoin, the coin has grown up without many infrastructure changes. They have become a reality now or will be taken in the next 18 months.
#bitcoin hit $20K last year..
— without Goldman Sachs
— without Morgan Stanley
— without Citigroup
— without ETFs
— without the #lightningnetwork
Relax… the next rally will be bigger than you can ever anticipate. ???
— Conan O Bitcoin (@ConanOBitcoin) September 14, 2018
Market expectations are connected with the platform Bakkt, which is created by joint efforts of ICE, Microsoft, and Starbucks. It is expected that the project will make Bitcoin more accessible to institutional investors and will be launched in November.
A serious impetus to the development of the industry can give the arrival of the largest traditional banks like Goldman Sachs, Morgan Stanley and Citigroup. They are already preparing to launch its own tools for trading and storage of digital assets. It is hoped that this will happen in the near future.
Other expectations are related to the adoption of ETFs and the development of a network of Lightning. If all these conditions are met, Bitcoin will have a very bright future, the paper concludes.
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