Bitcoin is one step away from the psychological resistance of $10,000. A level which, for the ancestor of the entire cryptoindustry, earlier seemed unimaginable, is now taken for granted. In just over two weeks, the world’s most popular cryptocurrency had the worth of 61% more, and it has increased 10 times in cost since January 2017. The rate of Bitcoin continues to support a feverish demand from Japanese and South Korean investors. From the second half of November, the Chinese family office, an asset fund for wealthy families, began to pour investments into cryptocurrencies as well.
Since September, when China banned all ICO operations, BTC China, one of the largest in the country’s stock markets, suspended all operations in compliance with the demands of the PBC; this money flows to South Korean and Japanese sites.The growth of the asset can be associated with the expected launch of Bitcoin futures trading in 2018, in the largest U.S. derivatives exchange, CME. If the world regulators are loyal to Bitcoin then the large investors, earlier deprived of the opportunity to work with digital currency in an unregulated space, would join the cryptocurrency purchases. Given that the derivatives market exceeds $630 trillion, then a greater growth of Bitcoins can be provoked even by just a drop from this ocean. Considering the aforementioned, the rate of Bitcoin may rise above $20,000 in 2018. If large institutional investors were to get involved with the asset, then a benchmark of $100K could become a reality. One question remains, however: how fast will this bar be reached?