Bitcoin is expected to see its value surge over the next two years as it enters its second full year of mainstream acceptance.
However, that is not what investors and analysts are expecting.
They are forecasting that cryptocurrencies, or “cryptocurrencies” as they are known, will hit $150m in the market cap in 2021, and then continue to climb, and reach $200m in total by the end of the decade.
Bitcoin has already surpassed $400m in 2017 and is projected to hit the $500m mark in 2020.
The cryptocurrency is expected in 2021 to reach the $1bn mark in total market cap, which analysts have forecast to be around $3.6bn by the start of 2021.
While this is a significant jump, the cryptocurrency is still at a very early stage of its evolution.
Bitcoin currently sits at about $400 and is on a slow climb.
However it is still a good investment for those who want to make money off the emerging crypto-economy, and will be seen as a good hedge against the US Federal Reserve’s recent interest rate hike.
The value of Bitcoin has increased by more than 200% in the last year, according to CryptoCompare.
This has led many to compare the cryptocurrency to the dotcom bubble.
This has also led to speculators jumping in on the space, but many are now seeing the opportunity to buy Bitcoin at a discount, or even in a bigger bubble.
In 2017, the price of Bitcoin rose by over 200%, but now the price has risen by more about 50%.
In 2018, it has also climbed by more in 2017 than it has in the past.
While it is expected that the cryptocurrency will see its valuation rise in 2021 by a substantial amount, this is not enough to generate a lot of money for investors.
According to CoinDesk, there are currently about 100 cryptocurrency exchanges available to trade Bitcoin, with over 400,000 active users.
However the cryptocurrency market has a lot more to offer than just trading Bitcoin, as it has been dubbed the ‘second-biggest bubble in history’.
Bitcoin has been a hot topic in recent months, as concerns about its viability has been growing.
Last week, regulators in China banned all trading of cryptocurrencies, and the US Securities and Exchange Commission is now investigating whether exchanges are failing to properly regulate their trading platforms.
Meanwhile, a report by the European Commission, which has been probing the market for a number of months, has said the global digital currency market is set to grow by 40% in 2020, with the potential for a total of around $500bn in market capitalisation.
It also revealed that the US has been the most active user of digital currencies in the world, with roughly $60bn worth of trading taking place every day.