Bitcoin Outlook 2018

Bitcoin hit a record high of 19,511.00 on December 18, 2017 giving holders of the cryptocurrency a very nice Christmas present. It has subsequently declined more than 50.00%. It appears the bubble has burst. Bitcoin rivals Ethereum and Ripple also declined sharply. The prospect of tougher regulations on digital currency has sapped the optimism from the market. India's Finance Minister said last week, "The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system." Meanwhile, in China, the People's Bank of China has indicated they intend to bl

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