It’s retracement time for Bitcoin: investors are taking profits, pushing the price back to around $13,000. For cryptocurrencies this is normal, i.e. boom and bust. We do not see this as a bubble bursting – it is a healthy correction.
Meanwhile, crypto competition is heating up, especially between coins that aim to be a store of value or a means of payment. Lately, Litecoin is gaining momentum and so is Raiblocks. There will be more than one winner, and we believe cryptos will be very profitable in 2018.