Bitcoin just blasted through the 10K barrier-with no slowdown in sight. I must admit the meteoric rise (900%) this past year alone is awe inspiring, unprecedented, amazing-add your own expletive...
Bitcoin is the runaway locomotive that just keeps picking up steam- Continued and growing speculation that Hedge Fund and Money managers will start piling in, alongside next months entry onto the Chicago Mercantile exchange just adds fuel to this incredible run.
Talk about mainstream- In a few short days Investors will be able to trade Bitcoin futures. Futures!!! Like currency, precious metals, AG Commodities. That's not only mainstream but that is a huge jump in credibility not only for Bitcoin but also for other ALT coins.
Bitcoins valuation currently sits at a whopping 174 Billion US dollars nearly half of the total ALT coin market Cap which sits just north of 322 Billion. Mind boggling numbers yes..... Especially when you consider that the ALT coin market is still in it's infancy with so much room to grow. In comparison the S&P 500 has a valuation north of 20 Trillion US. Dwarfing the ALT coin valuations.
I personally believe 2018 will bring more of the same. There will be corrections along the way for sure, which will present solid buying entries into the market. With proper research, timing and a little luck I am optimistic that the ALT coin market will present profitable opportunities not only in the near future but in the years to come as it matures into a MAINSTREAM market.
