The majority of American Bitcoin investors are optimistic that Bitcoin will perform even better in 2018.
While the Bitcoin ‘mania’ may seem absurd for traditional investors, millennials don’t seem to agree with the past. Instead, we’re seeing more and more millennials jumping on the bandwagon and picking Bitcoin as their top choice over other investment options.
Accelerated growth expected
Such reality is further revealed in a survey conducted by LendEDU in November 2017 with approximately around 77 percent of the polled 565 Americans claiming that Bitcoin price will increase higher and faster next year than its seventeen-fold appreciation in 2017.
Considering that most investors prefer Bitcoin for its decentralized nature, most respondents do not favor the implementation of additional digital currency regulations next year.
Bitcoin could pass $100,000 by February 2021; a Harvard academic has said announcing Bitcoin is the first digital currency to follow Moore’s Law, reports Cointelegraph.
In emailed comments to Business Insider, investor Dennis Porto said that after analyzing Bitcoin’s performance, it was the “first” currency to follow the digital technology rule.
“Moore’s law specifically applied to the number of transistors on a circuit but can be applied to any digital technology,” Porto wrote. “Any technology that is growing exponentially (i.e., ‘following Moore’s law’) has a doubling time.”
Load up now seems to be the prevailing school of thought. Don’t let this opportunity go by.