With a staggering market cap reaching beyond $150 billion and an 800% increase during the first 6 months of 2017, it doesn’t look like the market will be slowing down.
Some analysts have stated that the market is a bubble and will soon see its day coming to a close, but recently there has been no sign of slowing down. Digital currency has begun to make its mark and has found its place in the market.
With many people who chose not to invest up until this point, those new investors coming in could sometimes signal the end of a bubble in a market, but many are viewing their entrance as just the beginning.
Regulations have become a large possibility in the market with governments such as the Chinese, imposing restrictions on digital currencies. Some view regulation as a negative, but many are viewing it as a way to help legitimize what some people view as a slightly “sketchy” industry. Start-ups and projects emerging in the market, the limits seem to be boundless.
After years of Bitcoin’s large growth, other cryptocurrencies began forming allowing users to trade various types of digital currency. With that came several failures in the market such as caps on fiat transactions, security failures, the possibility of unfair practices and a lack of transparency.
With the aforementioned Chinese regulations, cryptocurrencies in the country may be not only hard to acquire but extremely regulated as well leading to little to no point in investing. Bigger names continue to enter the market daily which is helping to serve as legitimization for the market as a whole, but the shortcomings of cryptocurrency are the only limits holding the market back.
Many are choosing to enter the somewhat new space of digital currency and as the industry becomes more finite, the hopes are high that the bubble will not burst, but simply dissipate as the market solidifies its place in the modern economy.