Future of Bitcoin: From ‘Get Rich Quick’ Schemes to Improving Peoples’ Lives

Most experts remain optimistic about Bitcoin’s market price in 2018, while some claim it will decline as the cryptocurrency faces new challenges and regulations.
Last year was so-far the most successful for Bitcoin, with its market price skyrocketing from roughly $1,000 to $20,000 per coin at its peak. 2018, on the contrary, has been off to a rough start, as the cryptocurrency lost almost half its value.
According to most of the experts interviewed by the International Business Times (IBT), the market price for Bitcoin will partially restore after a dramatic decline, with an average predicted value of $14,000. Some optimists even go as far as to say Bitcoin can reach $50,000 in value in 2018, like Spencer Bogart, partner at Blockchain Capital, who told CNBC that institutional investors may play a key role in its future.