DeutschActually, it’s already far too late for a review… In addition, the last year was not a glorious one for digital currencies. It was supposed to be the year of the final breakthrough for Bitcoin, Ripple and Co. As is well known, it turned out differently. 2017 ended with an all-time high and an end seemed nowhere in sight. In the infographic, we look back on the eventful year. A year in which the price of a Bitcoin fell from almost CHF 20,000 to temporarily 3,000 and many speak of a crash. But also a year in which the Federal Council wants to further improve the good regulatory conditions in Switzerland and the Crypto-Valley in Zug continues to grow.
Source of the infographic: Kryptoszene
Bitcoin Development: the Outlook for the New Year and Reasons for an Upswing
One thing becomes clear when looking at the development of Bitcoin in 2018: Perhaps the year 2018 was needed in this form. On the one hand, to cool down the very overheated market. In order not to attract even more speculators, to find appropriate regulation and to promote the growth and establishment of digital currencies and blockchain technology in society.
In addition, important decisions are pending regarding Bitcoin ETFs. In recent years, various supervisory authorities have rejected them, but some experts now expect a decision for Bitcoin ETFs, such as the VanEck SolidX Bitcoin ETF and Bakkt. Should the stock exchange supervisory authority approve these financial products, this would be a very positive signal and a kind of starting signal for sustainable growth. This would give Bitcoin the legitimacy of a safe and regulated financial product.
Then there is the accusation that Bitcoin processes transactions too slowly for everyday payment transactions. However, there is already a solution for this with the Lightning-Network, which is also expected to make a breakthrough in 2019.
Another point: Decentralized exchanges. People who have been around for a while may still remember. One of the first exchanges Mt. Gox and its downfall. Exchanges are considered the weakest point in the entire crypto ecosystem. Therefore, decentralized exchanges are just around the corner. Binance, BitHumb and Ox are diligently developing there with their developers. The probability is relatively high that this topic will take off in 2019 and give the market additional security.
Therefore, some experts see the current situation as a perfect time to get into the topic: Buy and trade Bitcoin online – everything you need to know about the most well-known cryptocurrency
