Bitcoin, despite being declared dead hundreds of times since its creation in 2009, has now almost reached $10,000. It definitely represents a lot of money, but after 2020, all 21 million Bitcoins will have been mined
We believe the Bitcoin will continue to go up. There are fewer than a few hundred thousand millionaires in the world. This means that not everyone will own a Bitcoin.
On top of that, Bitcoin is the entry door for accessing a lot of other crypto-projects. Investing in ICO, for example, always requests owning Bitcoin - and many exchanges do not allow fiat currencies but instead Bitcoin.
Last but not least, it is true that Bitcoin allows people to store and transfer value. Almost anyone can now create their own blockchain, but what really matters is the acceptance rate and Bitcoin acceptance rate is very strong and will keep growing.
Bitcoin will remain and we believe the price may reach higher levels in 2018. The Bitcoin market capitalisation has recently exceeded the McDonald’s (NYSE:MCD) market capitalisation with $165 billion versus $134 billion.