With Bitcoin Surging to $50,000, Cryptocurrency Market Is Expected to Reach $1 Trillion | Cointific.com

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 the cryptocurrency market is expected to hit 1
Trillion in the current year 2018.
Despite the fact that Bitcoin has noticeably
failed by dropping down to 6000 in the recent
days, the industry insiders have a different
perspective ahead.
In an email sent to CNBC by the cryptocurrencys
head of APAC business development, Thomas
Glucksmann, he stated that with the
developments in the digital currency market
such as its regulatory recognition or the
entrance of institutional capital, the prices of
the cryptocurrencies will reach new heights.
The expected technological advancements include
the introduction of the (bitcoins) Lightning
Network which will boost up the time taken for
making transactions.
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6th February 2018
In the email on 6th February 2018, he also added
that another cryptocurrency backed instrument
listed on a known exchange will be brought to
recover and shine from the losses.
No ETF application has been accepted by far.
Exchange-Traded Fund allows people to trade
bitcoin without actually purchasing it on an
exchange.
Last year was a remarkable time for many coins
which got a boost in their prices. Ethereum
increased over 8000, Bitcoin rose over 1300
and Ripple went to a high of 32000.
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JAMIE BURKE CEO OF OUTLIER VENTURES

• Jamie Burke is the CEO of a well-known venture
  capital firm that aims at Blockchain investments,
  namely, Outline Ventures. In an email that he
  wrote to CNBC, it was said that the market is
  expected to go on a bull run after February. The
  market is also expected to hit 1 Trillion before
  switching its focus to market fundamentals.

With the difference of view regarding the
credibility and fundamental value of
cryptocurrencies, some suggest Ethereum can be
useful in building new blockchain applications.
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Cryptocurrency Market Is Expected to Reach 1
Trillion
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