Crypto experts opine on what they expect to happen in 2018 to bitcoin markets and markets for other cryptocurrencies next year, as well as, the wider currency markets and investment exchanges.
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Two experts on what the future will bring to the Bitcoin Markets
Scott Nelson, CEO of Sweetbridge
As Bitcoin prices wildly skyrocketed in 2017, accompanied by high transaction fees and long wait times, Bitcoin has shifted away from any useful consideration as a trade currency to become a store of value and speculative investment. In the new year, the need for more stable digital currencies will become increasingly important for commercial use.
As the cryptocurrency space matures, it will likely come under more pressure from banking institutions seeking the best way to adapt to the emergence of a burgeoning asset class and meeting customer demands to get involved while still mitigating risk. Expect more forms of diversification, hedging, crypto-finance and insurance plays to join the fray.
We believe blockchains will start to realize their full potential for serious enterprise use in 2018, as new architectures come online that are more scalable and robust for high-volume use. We will be looking at a polychain world, with multiple standards and networks both public and private. If the development community can retain the spirit of open source innovation and collaboration that got blockchain this far, expect a quick evolution process. Some of the first industrial strength applications will be delivered atop hybrid public/private blockchains in the next 12 months.
Bharath Rao, CEO of Leverj